eCare Solutions Inc (ECSL)

[Amigo Mike]

Wow,

It is amazing that no one discussing the fins.

What with the little nuggets of info from the Laconia connection that provided almost all the cash for closing the Lorton deal to the $18 million due on the Lorton financing by June 29, 2024, to the dilution (no surprise really and at discounted prices) and now 102 million shares out. Not surprising that ECSL isn't going up with no definitive deals since closing.

I think it was TKS that asked what the owner financing looks like and I noted it could be just about anything given the private nature of the financing. And sure enough .... big balloon payment due 6 months after agreement date. See below. All of it due in 2 years.

Presumably Lorton owns ~8.275 million shares of ECSL .... 4.275 million new shares to close deal.

Additive sales finally broken out ..... LOL .... revenues down QoQ. Thought additive revenues were supposed to be going up. Trucking Tower been on board for over a year and additive sales (AND SERVICE) are $82K for a qtr. Like I said ... that ain't gonna move the needle.

Land appraisal at $43 million .... and assumed some Lorton debt. Flipped shareholder equity to $5.8 million from a negative. No vision into the future offered. But obvious investors looking for definitive deals.

Note 2. Acquisition
Effective December 29, 2023, the Company, through its indirect wholly-owned subsidiaries, purchased 72 acres of land, waterways
and existing businesses. The transaction was treated as an asset acquisition, and accordingly, assets were measured using the cost
accumulation model with costs allocated to acquired assets on a relative fair value basis. In connection with the transaction, the
Seller agreed to provide a mortgage, secured by the properties and the businesses, in the amount of $26,552,600. The mortgage
has a final maturity of December 29, 2025 with a required partial payment of $17,901,000 due on or before June 29, 2024. In
addition to the Company incurring the mortgage, it also raised $3.69 million in new capital from investors and issued 4,275,809
shares with a fair value of $2,775,000 as of the effective date to the Seller. The Company has the ability within 180 days of the
effective date, but not the obligation, to repurchase $775,000 of the issued equity to the Seller based on the same price it was
initially issued to the Seller. In total, the Company acquired assets totaling $35.83 million, including land and waterways with a
cost of $34.83 million, while also assuming $2.5 million in liabilities of the Seller. While not reflected in the accompanying
financial statements, the Company, as part of its due diligence process, received appraisals valuing the land and waterways at
approximately $43 million.

Amigo Mike