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Re: ITYS post# 20111

Friday, 09/14/2018 10:06:37 AM

Friday, September 14, 2018 10:06:37 AM

Post# of 20265
I believe Vuozzo kicked-off the lawsuits when he sued Eco for $700K in 'back-pay'. Eco filed after him, as I recall. Vuozzo was among those that were taking chunks of stock for compensation (in the filings, when Eco used to file), so he probably came up short on his expectations of the final results. He got caught in the trap that he and Conboy set for 'investors'. IMO, he should have been happy he avoided a class action suit and went on his merry way. He failed to have an exit strategy. Conboy did. Comery came in to squeeze the last toothpaste out of the tube.
It gets difficult for Eco to sue people. If you look back through the filings (way back), they have also paid lawyers with stock (can't recall if it was at list or discount). A lawyer can wind-up being another unpaid vendor, or bag holder if you prefer.
If you look at the timelines, Eco/Bluwood goes back to about the same year SpaceX started (close anyway). Seems like Eco should have been able to accomplish something by now, if it was a serious 'manufacturing' enterprise. Maybe they should have listed their product on Goop.

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