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deal guy

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deal guy

Re: 3Angels120702 post# 60303

Tuesday, 11/27/2018 7:10:45 PM

Tuesday, November 27, 2018 7:10:45 PM

Post# of 68548
No none of these are shares he owns just the beneficial right to acquire shares from conversion.

The note agreement between Tonaquint/Fife and ECOS says he will never increase his potential ownership above 9.99% of the o/s shares of ECOS.

The 1.1bn shares is the product of 9.99% times (8.9m shares o/s as of 12/2017 plus 1.1bn shares he could receive on conversion.

If the current o/s of ECOS is 14bn, Fife's beneficial ownership will increase to 1.5bn or 9.99% times (14bn + 1.4bn)

He will not report any more changes on a 13G until ECOS files updated
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