Well Flaguy it's not bashing, it's the honest truth. What all of you fail to realize is that you are aiding and abetting. I realize that you have a stake in this company, but Hoping and
being Quiet will not help you. My stake is quite larger and
we may be in the top three as per dilution and before approx
40% of the float with me and my group. We have come to the
conclusion after losing 90-98% of our original investment which
is north of $800k that this company has done less then nothing
even with the recent PR. Just check your facts. Last June this stock was above 4 cents true or false. Since then just
take a look at the trading. Tell me in all honestly if this has not been a systematic take town down. That means anyone who invested in this company and do not mean to make money
on a few 1/10 of a cent or now 1,000 of a cent has made anything
but lost almost all of their investment. I must say that a
few individuals of the group have been in contact with Ward
in which he stated many times he would not dilute which in the
end was a LIE. Many conversations have taken place about
the Lakes, UK and the Schale's, DILUTION etc., filing their tax
returns, going back on a reporting basis. I am sure as
you have said that you have had similar conversations with
Ward and others in the company regarding the above. So you
know what I mean. None of these concerns were ever addressed
to date.
We have concluded after reading this last Vague PR in which I called Mr. Hicton and his reply was it was very clear and
had nothing to add to it to clarify. Well to me the last
PR was not clear. Questions I had asked him like is the Pilot
Program on a drilling site or why was it put on this site.
Is there a drilling company in partnership or co-operating in this Pilot Program. Does ECCI have any contract with anyone
to use this process. What can he say about the Dilution and
so on and so on. He had no answers except that the company in
his opinion has a big future but would NOT comment on anything
except he stands behind the PR statement and perhaps you can
translate it to me and tell me without all the fill that was
supplied to educate us about how good the Oil & Gas Industry
is meant anything. I didn't ask for figures like how many
gallons will it pump and at what price etc. I also like the
part in the PR that revenue will be coming out of this stated
from Royce not Adams. This is still the same old shit that
I have hearing from this comapny for more then a year now.
We have lost confidence and know that our investment is gone.
Yes we hope, but sitting on your hands is not what we intend
to do. The Dilution issue which is still not confirmed by
the PR department is beyond belief as you know was filed on
April 14th as a REGDEX by paper which we have ordred a copy
of said filing. I cannot say it was done intentionally but
all of sudden this was counter to their past filings which
were done electronically. As you may recall a lot of shares
changed hands at the end of March thru early April with no
one aware of this filing which in my opinion had a MATERIAL
effect to all the exisiting and new shareholders. Remember
one thing that shareholders have rights even if the company
ceases to report to the SEC. There is a good tutorial on
this at the SEC. In my opinion the shareholders rights have
been have been violated starting with the granting himself
new shares, series A and non dilutive shares in his March
2007 filing in exhange for renumeration etc., Nothing is
backed up by fact. That in my opinon is not the way you handle
things while operating as a public company. Usually you
notify even if you have the majority of the voting shares
to air shareholder concerns. We do not even know if in fact
he had a controlling interest and he acted as President, Treasurer and the Board member as per the SEC filing.
One good thing in all of this is there is a paper trail
to all the trading as required by the SEC as required
by them and NASD, so we can actually trace if need be.
The point being we have had good intentions investing our
money in this company as like you we believed that this
company had a process that could revolutionize the Oil
& Gas Drilling industry amoung other areas. We have not sold
any stock and if we did which is our right this stock would down to 000 at the end of our fire sale. Al we have asked for
is a honest shake with honest answers as we feel is our right
or any shareholders right. Half truths don't cut it and
especially lies, like the great job that was done in the UK.
I think we all know by now by their non reporting nothing
substantial happened in regard to obtaining any meaningful
revenue. The question one has to ask at this juncture is
why Believe when everything turned out to be a non event.
Why is this going to be different then before.
The way I see this in my opinion is that they are in the hottest area or business climate by being to deliver a
process for the drillers right now. This process according
to everyone will save the drillers a ton of money and up their
profits by using this process from ECCI. Recycyled water is
a must for the drillers for two reasons in the schale, one
not to keep creating dirty water and the drought in the Texas
area where the schale is. Why aren't the DRILLERS takng
tickets like in a bakery and lining up to get ths process
from ECCI. Money is not an issue for these companies and if
as they have stated in a prior post that orders are forthcoming
why haven't we seen at least ONE ORDER from a legimate MAJOR.
Do you think they want to pay more to extract. The bottom
line is we have all been biting on this HOPE issue you have
brought up. I personally think that they are throwing as much
shit up against the wall hoping that something will stick.
This last PR in my opinion was a way to keep everyone in
line and quiet. Not a PR announcing that they will go on
a filing basis, or that they will seek financing or that
the the machines in UK are coming back or staying, or that
the float has increased due to pay their bills which Ward has
always stated to others in that they do not need mney. If
they needed more money why didn't they come to existing shareholders to offer a bond, or preferred stock. The reason I believe is that they will not release any news because once
they open themselves up to answers to questions people will
find out that they have nothing to say.
In a real company all of these people with the exception of Adams who is new would have been fired. but these for the
most part are part timers so Royce can show the company
as a real entity.
This is my answer to you Flaguy. I would not tell anyone
to buy this stock at this time. I do not see a positive
end in sight and I really wish it would happen but to keep
your head in the ground is not going to change anything
good or bad. If you feel I have not spoke n the truth
please feel free to tell me where I was not accurate. I have
a lot more to add but i think this answer right now should suffice. I think all the shreholders should get together and have their own meeting so they can confront Royce and the board. Right now in my opinion this company is worhtless
unless major changes are made to it's reporting and other
areas that are needed for it to survive as a going concern for it's shareholders.
This stock is not a new company and it's stock at one time was $2.00 in change. But just take a look at this stock over the
last year and a half and please tell me where any progress
was made to date.
Tell me Flaguy where is the lie, where is the bash, but only
the facts and truth as we see them.
AI
