Eckelberry is a CON MAN. OOIL has nothing to sell, no sales of EWS to bring in revenue and no takers to buy some foolish license for technology that does not work as advertised. So Eckelberry has to sell paper (i.e. shares) with hot air as his only asset. The interesting thing is that the present scenario in the same one that happened a few years ago. He really didn't even change much of the song and dance, although he removed most of the prior website contents so that a new batch of potential investors could be fleeced.
Convertible debt will start digging into this mess and that is why the big A/S. Not to worry, he will do it again when he needs to. He clearly cares nothing about investors other than their money and whether he can take it from them.
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