Yes Futuresman,
The interesting part of the fins is the last sentence.
A contract has been agreed too .... but ..... deal isn't done and another 45 days not from last ECSL communication but even later date unannounced by ECSL. October 4th. Which puts the extension around November 18th.
Ignore the noise on seeking better terms for financing .... ya know ... the financing I was told I was wrong on. ECSL IS IN NO POSITION TO DEMAND BETTER TERMS FROM ANYONE. Today's environment you can get cheap money for just about ANYTHING. But ECSL has no bargaining position ... PERIOD.
IF IF IF ECSL even has financing offers to complete this deal, they would be best served to take what is necessary to get the purchase done and the project off the ground minimally and generating revenues. They can go back to the well if they are successful with the basics. But suspect that wouldn't be economically feasible.
No worries though .... "done deal" .... NOT .... as has been stated dozens of times.
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Note 12. Subsequent events
In preparing the financial statements, the Company has evaluated events and transactions for potential recognition or disclosure
through October 13, 2021, the date the financial statements were available to be issued.
On July 9, 2021, the Company increased the its authorized capital stock to the following, 10,000,000 shares of preferred stock and
140,000,000 shares of common stock.
On October 4, 2021, the Company was granted a 45 day extension for closing on the contract to acquire real estate at the Port of
Tampa.
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Amigo Mike
