Eco-Tek Group Inc (ETEK)

[varok]

Good Morning

Here is what to expect with ETEK in the coming weeks or turn of the New Year.

This is a shell with No business model. The company has continued to file and is current. This is a good thing, meaning they are in the hunt for a R/M into a viable business entity.

Solid balance sheet no debt or anything of substance to be concerned about. However! The company does have a A/S in the amount of 6B and O/S of 5.5B. This simply means the company is maxed out. My experience in R/M that in most likely scenario the company will do a R/S at the time of the incoming of a LOI or right after the R/M, but from my perch will be before the actual announcement. This is generally the course of action so as to remove any baggage and start a positive new company going forward.

This is to insure a clean slate and setup a new equity distribution package of warrants and preferred stock.

They will probably keep the A/S the same and R/S the O/S 20/25:1 with amount of 250M-300M in post-split then announce share structure with respect to preferred warrants etc.; with new office holders/directors. The latter will come after LOI.

Have a good day
varok