My thoughts are, and I looked intently here during those months, March/April, compared everyone's notes, news as you stated, even with sales starting [how on earth could you go from one day or a few days... too being cash positive?]
I am told the company will be cash positive in a few weeks, that's not saying cash-positive in any other sense EXCEPT>>>> purchases being paid for with a 60% down-payment, and since A [proven product too buyers], he stated he's having no problem getting 100% down in the near future.
This is why I believe the 100 million float AT THIS TIME leading off into the companies future will STICK!.
I asked him not only once, in a certain way, but 3 times creating room for ERROR [a different approach in asking each time], and, logically with his extensive background, my asking three different ways gave the SAME answer, but the same answer from different perspectives.
No one's 100% convinced on anything any CEO states, I'm looking at this in a logical succession.... from 2009 to 'today', to include: Chart / Stock Data / iHub Data
The DD written by me, and the few statements I've made here and on my site is pretty much all I'm going to say in reference to my conversation with him.
My opinion is... investors just got in and rightfully became unhappy, but, at the wrong time.
Have I done this before in my picks? Absolutely.... and plenty of times! :/
If ECOS is getting 60% too 100% down?
It should be stated as such AT>>> the appropriate time!
I see no problem with that! I'm sure the CEO reads this forum!
Speaking of 60% to 100% down. Imagine someone not putting a down payment on building a new house; would a contractor start one? No.
But the problem has been for unique bio-companies is that UNTIL proven and proven again and again, no bank or institution, or municipal would be able to borrow let alone get board approval. I believe the shift in this thinking is taking place here in the US.
Chicago is broke as well as other cities, so that anything to save money to save jobs, teachers, etc.. if it will save millions I'm sure is being look at in a different light.
We'll see... sc
