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Re: General Mills post# 102020

Saturday, 10/22/2022 10:13:26 AM

Saturday, October 22, 2022 10:13:26 AM

Post# of 115457
General,

Looks like ECSL shareholder update affirms my thinking that the land sale doesn't need to wait. Lorton's will and trust most likely made it possible and having his execs as Trustees / Executors all planned on his part. Good for him, his family ... and now us as ECSL shareholders.

Looks like the road is clear to closing. Probate, lender ... still missing material information on what is being acquired, for how much and with what ? We know $30 mil from lender, Lorton has already received 3.2+ million shares (forget the reported prices) and cash payments that I haven't totalled but at least $700k ... probably more. Since those payments count towards purchase the acquisition would be at least $33 millionish+. Or a lower acquisition cost with some money left over to get some work done and/or operating cash. Given ECSL is supposed to have a definitive agreement on this purchase, IMO, additional material information being withheld as it further informs what investors might expect post closing. Details matter and ECSL still isn't providing them.

The additive update uses the term "trials". Just like I said previous. They'll get some companies to try it and see whether it presents value to them. Which will bring subjectivity into the equation without some level of controlled validation. Still working on marketing materials ?? LOL.

So like I've been saying ..... didn't think the land sale needed to wait that long, don't see a reason to be selling at this point. ... maybe even a speculative buy if one is so inclined.

Amigo Mike