Tuesday, December 24, 2013 2:09:45 PM
The China trip was solely in play because they had Mr. Nixon on board and John Gong has contacts in China. Mr. Nixon's name alone helped gain favor with the Chinese government and local businesses which then made a trip of this nature feasible. However, behind the scenes at Eco, Mr. Nixon was fighting illness and Mr. Gong was unable to make good on a promise to deliver interested parties in China. In addition, with Michael getting healthy and taking over again (he and Paul Doucette), the company was, once again, in management upheaval. Basically, Paulo, Gong, and Stanley McKiernan were on their way out and the idea of a trip to China became impossible.
There is still a great market for Eco-Safe products - worldwide. However, only time will tell if Paul and Michael can land anything more than the occasional sale to an existing customer or a one off to some small company now and then. I do know that Michael is back in charge - he returned a phone call of mine last week - and I also know that Mr. Doucette recently returned the call of at least one other investor in which he addressed the current status of Eco and what to look for going forward. According to Michael, ESFS is still very much alive. However, his expectations were tempered (if you've ever spoken to Michael, that's saying something) by the fact that without more capital it's going to be a challenge to get Eco-Safe to the next level.
Lastly, as we all know - well, most of us anyway - ESFS is a real company with a real product line. It is not, nor has ever been, a charade or a scam. Does management know what they're doing? Well, they think they do, but the proof will be in the future sales... and, of course, stock price.
Happy Holidays to all,
Plee
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