Just an interesting observation...
On July 13th, the company announced an LOI for a WTE plant at Naranjal, Ecuador. The LOI was signed by its mayor, Ab Luigi Rivera Gutierrez.
Exactly a week later, on July 20th, the company announced a similar LOI for a WTE plant at Milagro, Ecuador. The LOI was signed by its mayor, Francisco Asan Wonsang.
Again, exactly a week later, on July 27th, the company announced a similar LOI for a WTE plant at Santa Elana, Ecuador. The LOI was signed by its mayor, Otto Vera Palacios.
In each one of these announcements, these press releases were distributed by other OTC portals as well. A number of other domestic outlets picked up the story for their online business news.
It is a coincidence that the 7 day interval was use to support the distribution of tens of millions of new shares. I get that. It is a tried and tested method to float stock.
Has anyone done any internet searches to see if the local media in the three Ecuadorian cities picked up on the story? I could not find any?
I also did a deep dive on the Mayors to see if they made any statement about the LOI's or a good WTE solution for their communities on their personal social media accounts or government media.
There is nothing on their personal social media at all. This does strike me odd as every politician that I know would want to self promote a good news story on their Facebook account.
I could not find anything either on any local government website. If someone can find a local Spanish source I would appreciate knowing about it.
It just seems odd to me that nothing is being said about the company or the LOI in the local media.
