Wednesday, November 12, 2025 9:56:38 AM
On the plus side they diluted into the run.
But on the minus side this means they may have to dilute more into more news later.
But hey if they get rid if the debts and become a clean debt free company they could end up in a much better position.
The Company's efforts are focused exclusively on negotiating favorable settlements with remaining legacy creditors to eliminate these obligations
Company's convertible notes payable totaled less than $600,000 as of September 30, 2025, as detailed in Section 3B of the filing. In response to shareholder inquiries regarding recent stock issuances, management notes that this debt balance has continued to decline since quarter end as the Company works through legacy creditor obligations. Management views this as a relatively manageable debt level compared to other OTC issuers and intends to fully settle these balances upon completion of the proposed merger with WRA Holdings, Inc, if not sooner.
Management remains committed to resolving these legacy creditor relationships on terms that protect and enhance shareholder value. The Company has not incurred any new debt financing in over three years and does not intend to pursue dilutive financing arrangements going forward. The Company is currently in negotiations with the Preferred C holder to settle their remaining balance of ~$32,500 as of today. The conversion of this class of security has resulted in high levels of dilution after Friday's merger announcement. The company remains committed to resolving this balance and has committed funding in place to settle this. The Company's efforts are focused exclusively on negotiating favorable settlements with remaining legacy creditors to eliminate these obligations and strengthen the Company's capital structure in preparation for the proposed merger.
This work in Costa Rica could take some time and it will give opportunities in ECOX to fluctuate in both directions.
But on the minus side this means they may have to dilute more into more news later.
But hey if they get rid if the debts and become a clean debt free company they could end up in a much better position.
The Company's efforts are focused exclusively on negotiating favorable settlements with remaining legacy creditors to eliminate these obligations
Company's convertible notes payable totaled less than $600,000 as of September 30, 2025, as detailed in Section 3B of the filing. In response to shareholder inquiries regarding recent stock issuances, management notes that this debt balance has continued to decline since quarter end as the Company works through legacy creditor obligations. Management views this as a relatively manageable debt level compared to other OTC issuers and intends to fully settle these balances upon completion of the proposed merger with WRA Holdings, Inc, if not sooner.
Management remains committed to resolving these legacy creditor relationships on terms that protect and enhance shareholder value. The Company has not incurred any new debt financing in over three years and does not intend to pursue dilutive financing arrangements going forward. The Company is currently in negotiations with the Preferred C holder to settle their remaining balance of ~$32,500 as of today. The conversion of this class of security has resulted in high levels of dilution after Friday's merger announcement. The company remains committed to resolving this balance and has committed funding in place to settle this. The Company's efforts are focused exclusively on negotiating favorable settlements with remaining legacy creditors to eliminate these obligations and strengthen the Company's capital structure in preparation for the proposed merger.
This work in Costa Rica could take some time and it will give opportunities in ECOX to fluctuate in both directions.
Recent ECOX News
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