Echo Automotive, Inc. (fka ECAU)

[hondaboost]

AhHa, those who did financing at $0.5 lost $200k instantly today.

The Company had authorized the sale and issuance of up to 1,000,000 units of Company securities to qualified investors in a private placement for the purpose of raising working capital for the Company. This offering consisted of shares of Company's common stock at $0.50 per share and warrants exercisable to purchase one share of common stock at an exercise price per share of $0.75 for each common stock purchased. The offering was completed and fully subscribed.