EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

Vince every time the volume spikes my prognosis is that one of the toxic debt enders (Asher, Chicago Ventures, etc.) is converting their debt into equity and flipping out.

The toxic debt loans are structured to permit the loan to be converted into shares anywhere 30-90 days after the loan is issued. At current prices each $100k in loan principal takes 500m in shares at conversion. The interest is also likely paid in shares (at least that is the way we fund).

I understand that the Chicago Ventures transaction was a loan of between $100k, with the ability to lend up to $250k more. The first $100k may already be ripe for conversion. To clear that number of shares you need to push it through over a few days.