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Re: Slojab post# 102322

Monday, 11/14/2022 2:12:52 PM

Monday, November 14, 2022 2:12:52 PM

Post# of 116972
Impressive action in ECSL isn't it ?? What with the stock about to rocket any day now on the closing of the Lorton deal eh ? $20 after the closing right ? But no mention of which year after the closing though .... LOL .....

A whole 10K shares traded today and more or less flat since August with selling occurring in the high .70s from the locked up float. ECSL been selling stock at .55.

Lorton already owns 4 million shares issued earlier this year.

Lender bonus is straight dilution of the company for no value received for another 4.285 million shares which almost makes the lender a 5% owner of the company.

So that's at least 8.285 million shares issued for this deal plus $30 million in debt that we don't know the structure or rate on or what specifically it get's ECSL to in the form of doing business. In return for the land and 2 businesses that we don't know what they do and generate. It's been almost 3 years in the making for this deal. Remember CEO met up with Lawrence the December prior to the deal originally being announced. =) And shareholders of the company are still in the dark. Classic ECSL.

Still don't see reason to sell, but communication remains shady and poor. Best thing I've see lately is new subsidiary has Lawrence's name on it instead of Mills. Hopefully that is a positive sign of things to come.

Need to see this Lorton deal closed with details .... and then need to see all the deals that will form the basis of the fuel terminal business and how it's going to get built and paid for. I'm sure the price to build it has gotten cheaper the last 2 years eh ?? LOL.

Amigo Mike