EcoloClean Industries (ECCI)

[loveismyreligion]

Facts are in the filings at www.pinksheets.com:
I learned the hard way; after buying this shadowy piece of sh*t. impulsively! Sound familiar to anyone here?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556

For factual info. showing exorbitant outrageous salaries in my opinion (IMO):

Remember these financial statements are almost 3 years old...

See page 6 expecially!!!
See Related party transactions Note 5 on page 11
See Going Concern Notice on page 10
Read pages 14, 16, 17 carefully...
Read other financial statements preceding this about Royis' reverse split clause that protects him and anyone else that he deems to get preferred shares from their shares being reduced in a reverse split.

I believe the older financials show how he is paid both as a officer and as CEO. I believe much is concealed (obscured and skewed) and by not showing annualized figures; if I am right, this could be intentional manipulation of hiding financial facts about managements salaries. I did not managements salaries made explicitly (openly) known. Transparency? Shadow?

Page 6 is SIX MONTH financial statements (ONLY);
Page 5 is 3 month statements (ONLY);
I saw no annual salary figures in these documents.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

Form 10-QSB

June 30, 2006 (almost 3 years old!!!)
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ECCI#getFilings

I bailed prematurely with a slight profit in February because my intense research indicated to me that management's hidden strategy (shadow) was to bleed common shareholders by stating large salaries and deferring those salaries to later be converted in to preferred or common shares. I still do not know if they can pay their salaries to themselves in preferred shares.

Here is factual proof of their at least $500,000 in annualized overhead from June 30, 2006:

"Financial Considerations

Currently, there are insufficient revenues and resources to offset annual operating overhead, which is now projected to be approximately $500,000. Until the Company obtains the amount of working capital required to meet its continuing operating overhead, it will be necessary to call upon the investment community and/or the Company's officers and others associated with the Company for financial assistance.
-14-"

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556

I personally believe the company is NOT operating full time and by that I mean I believe that at any given moment someone in management is off work doing non-Ecoloclean activities.