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Saturday, September 01, 2018 7:42:56 PM
On Tuesday morning we will respond with a news release that explains the need for this action. We are in need of cash for expansion, acquisition and completion of $1,500,000 in backlog of already sold projects.
On Tuesday we will explain:
We have signed an S1 financing agreement with a large capital firm for a $5,000,000 offering that will sell common stock at very near market price and no deep discounts like convertible debentures. CD financing allowed us to grow but it is very costly in dilution. This offering will free us from this toxic form of financing.
We have acquired a small company and are now licensed for air conditioning in order to sell and promote the solar air conditioning products and distribute in the western states.
We have been negotiating for acquisitions in the air conditioning field and with solar providers and have some targets to complete.
We have formed two new corporations and offices in markets we have not served, Phoenix and Los Angeles.
As of August 31, 2018 we had common stock outstanding of 492,000,000 shares, which makes movement in price difficult since the largest share of this outstanding group has been created by toxic financing. We can more easily and profitably manage a market for 49,200,000 shares.
We have a desire to return to the OTCQB and need to retain a $.01 stock price. We have not been near this number for 2 years and feel it is better for all of us to be on the OTCQB.
If you have more questions after the news release, please feel free to call or write.
Best Regards,
David Shorey
ABCO Energy, Inc.
2100 N. Wilmot Road, Suite 211
Tucson, AZ 85712
Office: 520-777-0511
info@abcoenergy.com
www.abcoenergy.com
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