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Re: DONT SQUEAL post# 61629

Friday, 02/15/2019 2:28:14 PM

Friday, February 15, 2019 2:28:14 PM

Post# of 68548
But it is supported by some facts that ECOS has already disclosed.

Sales Price of Digester $680,000

Spending on Digester through 9/30/17 $595,815 (see 10Q inventory balance)

If the digester were finished at 9/30/17, then the JV would have received $84,185 and ECOOS would have kept $595,815.

However, we know from Kwak's April 2018 pr that the machine wasn't done then and they were continuing to spend money tweaking it.

Therefore, it is reasonable to assume that the JV has a lot less retained funds and most of the sales price went back to ECOS to pay suppliers and possibly the HanscomK loan.




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