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Re: deal guy post# 57320

Thursday, 07/26/2018 12:07:23 PM

Thursday, July 26, 2018 12:07:23 PM

Post# of 68548
"Are they using convertible preferred instead of notes to dilute? I have now seen a couple of tickers where former toxic note holders have switched to cumulative preferred convertible into common (at a discount). They are betting that if they hold onto the preferred for six months they can get around the new investment intent rules which have chilled the conversions using notes."

DG...when do you think they may have started using preferred and when would the six month holding period likely be up?? Could Siegel and Kwak be selling some of the preferred they previously gifted themselves to Fife (at a discount)? and then he converts and dumps to the 'run chasers' @ .0001?

ECOS can't register or issue any new shares as long as they are delinquent, yet shares keep coming?

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