Cward,
Sad that ECSL can't put together a certified controlled study on it's additive isn't it ? Instead they trot out 8 year old unsubstantiated test results from a trucking company that doesn't exist via the new promoter. Thought the additive was reformulated .... LOL ... and is much better now. Would have rather seen the Olsen labs results used.
Wonder why it is so hard for ECSL to do things the right way eh ?
I've been saying the same thing for 2 1/2 years. Complexity added because ECSL brings nothing to the table beyond the idea and stock.
And even the idea of the fuel terminal isn't Cyberfuels idea as I've stated before. Even though I brought the information to the board, ya don't need to take my word for it.
Remember FFC ? Even Lawrence mentioned the FFC story on the podcast. And then he ran into Ron Mills and he had to be here to do it all again.
Didn't ya hear ? Lender getting 10% spiff off the top .... and I'm certain .... a not wildly favorable interest rate on top ..... combined ... akin to credit card rate on a land and business purchase. Haven't even gotten to building the terminal yet.
Quite frankly, at the point that ECSL owns the land, they'll need to move quickly to secure contracts with major petroleum companies (something I also said from the beginning i.e this doesn't get off the ground without the big boyz), build out a couple storage tanks and terminal grounds to start generating revenue as fast as possible. The contracts signed with quality companies for services should be sufficient to at least get a decent VC/business bank on board to do some financing of a more normal nature. Of course if they could find a way to get the stock price up to roughly $5 and do an above board raise of the normal kind .... a couple million shares at $5 would go a long way toward strengthening position and phase 1 buildout.
Ultimately .... time will tell. Still think a deal happens but as you state not going to be on the best of terms for investors at the outset .... until maybe later after Phase 1 happens and ECSL proves itself.
Amigo Mike
