EcoloClean Industries (ECCI)

[loveismyreligion]

Please post source and link for any data stated, especially for the following that was stated:

ECCI Share Structure Per TA/Nev SOS:

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28473567

Authorized Shares (AS) = 3,000,000,000 Shares
Outstanding Shares (OS) = 301,998,532 Shares
Restricted Shares = 50,104,747 Shares
Float Shares = 251,893,785 Shares

Where is the link for this data above?

..............................................................

My source for ECCI is www.pinksheets.com under the filing tab.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ecci#getFilings

The good news is that they converted a lot of their outstanding debt to common stock in the 1st half of 2006 at $0.05 (5 cents per share).

I did the math off of their June 30, 2006 financial statements and converted Royis Ward's 1,000,000 preferred shares to 30,000,000 common shares (he has the option to convert them to 30 shares of common for every preferred share owned). Actually it is stated in this link below that he owns 36,521,780 shares with the conversion or 40.7% of all outstanding shares.
36,521,780 / .407 = 89,734,103 shares in total.

Proving the math: 89,734,103 x 40.75 = 36,521,780 shares Royis Ward owns, thus there are 89,734,103 shares outstanding as of June 30, 2006 in my calculations.

http://www.pinksheets.com/edgar/GetFilin...

I am assuming these shares below have been included because of the data at the end of this post as of June 30, 2006.

On February 26, 2007, the board of directors authorized the issuance of capital stock to discharge outstanding corporate debt as follows:
Common Stock:
1. Issue Michael Ward 6,157,302 shares discharging $307,865.09 debt, plus accrued interest at the date of issue, approximately valued at $0.05
Cents per share;
2. Issue Sam Simon 2,435,883 shares discharging $121,794.16 debt, plus accrued interest at the date of issue, approximately valued at $0.05
Cents per share;
3. Issue Stanley Merdinger 3,000,000 shares discharging $150,000 debt, approximately valued at $0.05 Cents per share.
The closing price of the Company's common stock on February 26, 2007 was $0.045 Cents per share.

These shares issued above for these parties = 11,593,185 shares; I do not know if they are included in total shares outstanding on their June 30, 2006 balance sheet; they should be, but if they are not the total shares outstanding then would be 101,330,000 total common shares as of June 30, 2006.
I took 89,734,103 shares from above and added
11,593,185 shares that was issued releasing the company from most of their former debt load which is really positive.

Other supporting data is below from their financial statements under the filing tab on www.PinkSheets.com

Preferred Stock:
Issue Royis Ward One Million (1,000,000) 2007 Series "A" Preferred shares in consideration of discharging the corporate debt obligation owed
to Mr. Ward in the approximate amount of $1,420,963.64 Dollars, or approximately valued at $0.047 Cents per share, including accrued
interest through the date of issuance. The issuance of the Preferred Shares will occur after the Company files a Certificate of Designation with the Secretary of State,
State of Nevada.

Preferred Stock, $0.01 par value
1,000,000 shares authorized, none issued
Common Stock, $.0001 par value per share,
100,000,000 shares authorized; 51,600,085
shares issued and outstanding December
31, 2005; 58,090,085 shares issued and
outstanding June 30, 2006