Effective Control Transport Inc. (fka EFFC)

[CassiusClayNoCashIsKing]

Did the IR guy say the following exactly:

"He said that the $4.5 million financing by selling 27 million shares has already been closed."

Or did he say that the financing has already closed and you assumed it was the terms above? Big difference. I'm calling the IR Wed to get more details. This is critical. Did somebody finance this deal for 17 cents a share and accept restricted shares in return? I'm one of the biggest supporters of this stock but this deal defies logic when we are at .035.

The next question we need to ask him is whether he saw this deal in print before his eyes or was he just told this by rh/manny?