Monday, November 14, 2022 2:12:52 PM
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
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM