EcoloClean Industries (ECCI)

[loveismyreligion]

tkcomputer9999, thank you for your honesty. "Speculators" in ECCI, I know the truth hurts; I allowed myself to be suckered in on several "positive" (skewed) press releases in the past and bailed when the stock spiked over a month ago.

tkcomputer9999, from the link you provided I estimate they probably have an estimated 3.30 billion shares outstanding before any remaining deferred employee and officer salaries existing on their balance sheet...see past balance sheets at www.pinksheets.com

The 3,000,000,000 are outstanding common shares and the 10,000,000 are preferred shares each convertible into 30 common shares...30 x 10,000,000 = 300,000,000 common shares, thus I get 3.30 billion shares outstanding, not incl. undisclosed deferred employee and officer salaries. Personally, I believe the real number of shares outstanding can easily double to 6,000,000,000 (6 billion) shares by year end 2009. If they do a reverse split, I believe matters will be far worse assuming they can legally protect their shares from non-dilution and who is to stop them at this point; no one is policing them.

Remember, they are hiding their true shares outstanding on purpose IMO...not to mention they cannot afford to get even unaudited financial statements made.

This is purely a hot-potato all hype and no show stock...I would pass it on before you get first-degree burns. I almost did...and boy was that potato sizzling...this stock will be trading with no bid within days IMO. The technicals alone are negative from what I can see.

My judgment is that they are "depending" on these economic zone green funds to save them from ceasing operations as a going concern...how can they possibly get them without audited financial statements? They don't even have unaudited financial statements. How could they possibly get these funds?