Replies to post #11972 on Global Ecology Corporation (GLEC)

[cleaningup]

Also, from most recent 8k - there is a tentative timetable of April for the sale of CAR CCs. We're just wrapping up April so it's a bit early.

"We have been in discussions with several Carbon Credit brokers domestically and internationally who have expressed a strong interest in acquiring our Carbon Offset production as soon as the certificates are issued and become available for purchase through the exchange. The anticipated date for this revenue generation could be as soon as April of this year."

I'm guessing again but this does not sound like pre-sale marketing but actual selling of full price CCs from CAR. Pre-sales could have been made already, but GECO didn't need to because they have money from Gold Standard sale credit line. The good news here is they used the r-word - REVENUE!

If Facebook post is right, marketing begins during third quarter, which is later than expected, but IMO, this is all moving forward fairly well.

[Majobuki]

I don't think you are reading that right. They got a line of credit to initiate the process to sell it's entire year allotment. Not that the credit line is secured by the entire sale of the years allotment. Big difference.

This required the Company to obtain a line of credit to initiate the process that would lead to the sale of its entire annual ‘Gold Standard’ Carbon Credit allotment.

There is a quote from the Oct 6th 8K that eludes to this as well but it only uses the contracts as collateral. I'm sure the value of the VCU purchase contracts far exceeds the line of credit received. Just a guess of course.

GECO has recently entered into negotiations with parties very interested in supporting the company with funds to purchase raw materials for the production of its products using VCU purchase contracts as collateral.

[nomoneyleft]

"First year allotment of CC's has already been sold". Huh? They obtained a line of credit meaning they have a certain amount of pre-approved money to borrow from on an as needed basis. We haven't sold a single CC yet.