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Wednesday, April 08, 2009 9:39:08 AM
He's definately dilluting shares to pocketing thousands of dollars along the way. However I think they still have a chance to succeed if they can get some government money to build out their Crystal City facility. 1flaguy, mustangsny, etc. are correct in their slamming of Royis and ECCI. Where I think they are off base is when they say he has no intention of making this company succeed. I believe he wants this to succeed. He may not be smart enough to pull it off but that a different conversation.
I think Lee Barnes is a legimate ace in the hole for ECCI. He has industry experience and a lot of contacts in the oil & gas industry. He has made some good contacts and is trying hard to sell this technology. Since he is probably working on a commission based compensation package I would imagine he is also getting a little fed up also with whats going on.
This meeting on the 21st will probably be the make or break for this company. They seem to be putting all of their eggs in this basket in Crystal City.
You might as well hang in there and see what happens, what are your other options anyway?
And as I speak 73 Millions shares already traded at .0001 at the bell!!!!
IMO
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