Hi Tag : Any sales booked helps unfortunately , Gross profit margin from revenues insufficient to service opex costs let alone pay off debts! Authorised shares now 950,000,000!
Kind of indicates more dilution on the way as new toxic loans will be required to keep the operation going as well as supporting those existing loans still not paid.
But everyone knows that ! ( actual facts taboo here - do you not listen ! ) – but what can Eco do next?
•Carry on issuing shares –eventually SP value will be worthless !
•Reverse split & start dilution again (Toxic lenders might not agree to that?)
•File for bankruptcy & start again as a new company (Management don’t appear to have any scruples based on past history !Product patent filing in private name !!!!)
•Or try & come up with a business & funding plan; dependent on that big supplier chain & benevolent lender & reduce debt burden over time - manana !manana!
Some seem to be pinning their hopes on whoever is buying up these shares - will they hold for the long term (being in friendly hands whatever that means ?) & how do they know that ?
Anyway If you can make money trading ECOB well done - suspect any SP spikes will be short lived !
Lastly ECOB posters comments are just opinions , views & some made up nonsense, be difficult to find one poster that has been correct all the time - guess we should all be embarrassed ! Sad fact is some actually believe what they post & even sadder others seem to believe what they say!
Not life & death - only a stock message board ! GLA!
AI
