EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

Actually what it tells you is that
- Fife/Tonaquint still have outstanding convertible notes.
- We actually don't know the face amount of these notes since they are not required to disclose that amount.
- Since they only reported beneficial ownership on their 13G they must have dumped any other shares they acquired based on prior conversions of their notes into shares. Otherwise their reported ownership would be higher
- Fie has no actual shareholdings just shares he can acquire on conversion.

This disclosure is based on the number of shares that were issued as of the 3rd quarter 2017 10Q (8.9m shares o/s then). Since there are 14bn o/s now, it means that Fife actually has the right to acquire another 400m shares beyond what is disclosed in his 13G