EcoloCap Solutions Inc. (fka ECOS)

[kennypooh]

Shareholders asking further DD questions of Janice and nodummy would be appropriate at this time IMO.

Personal opinions posted on stock specific investment boards carry little weight.

Nodummy's June 26 answers to several questions about ECOS are below (especially interesting is his answer number 4 regarding R/M speculation).

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141810158

"As for your questions.

1) A merger requires a merger filing at the SOS. You have to be current with your business license/taxes owed before you can file amendments for corporate changes. ECOS would have to do its 2018 annual report first then it can do a merger filing.

2) A company can change its name at the local SOS, but that doesn't change the name of the public ticker. To do a corporate action (like a name change) for a public ticker you have to submit a corporate action request to FINRA then FINRA has to approve the request. FINRA will want to see certain information and if some information is missing or raises red flags then FINRA may refuse to approve the corporate action request.

3) The Nevada Secretary of State (and all SOSs for all states at that matter) require businesses to file an annual report each year which includes a fee (the annual tax fee) in order for a business to stay current with its business license. When a Nevada entity fails to do its annual filing/pay its annual tax then it goes into default status. If a Nevada entity fails to do its annual filing/pay its annual tax for 2 straight years it becomes revoked. I can't speak as to why ECOS is late with its annual filing/fees. It could be they just forgot. Or judging by the fact that ECOS is also late with its 10K filing, it could be a shortage of cash issue or ECOS may just be giving up and abandoning its business operations.

4) LRS isn't looking to go public and if they were they definitely wouldn't want to reverse merger into a heavily diluted Issuer like ECOS. The ECOS shell carries no value at this point because the float is so big that it is extremely difficult to get the price off of $.0001/share. If you can't move the price you can't use the Issuer to raise any money. The toxic debt situation for ECOS is beyond repair barring multiple (at least 2) reverse splits, but even if they do get the toxic debt situation settled, there are still a lot of other liabilities on the balance sheet. People ECOS owes money to are going to want to get paid and it appears that the only way for ECOS to raise any money is through toxic financing which will just cause a repeat of the debt/dilution situation which caused ECOS to get stuck on $.0001/share with a float of over 11.1 billion in the first place.

5) Those warrants were not a great deal for ECOS. Warrants serve two purposes. The warrants often provide the owner(s) of the warrants with an opportunity to acquire stock directly from the public Issuer sometimes below the market price, but they also provide the public Issuer as a way of raising cash by selling stock to select investors at a set price. The way these warrants were structured Lakeshore Reccyling could have acquired stock at $.0003/share up to 5 1/3% of the O/S. Since ECOS has mostly traded below $.0003/share since December of 2016 it really didn't end up turning into anything good for Lakeshore either, but it could have if the ECOS share price had managed to climb much higher than $.0003/share for any extended stretch of time. Lakeshore never exercised any of the warrants."

GLTY and JMO