In Oct 2015 they announce payment realized and first revenue. In Jan 2016 they announce first revenue expected end of current quarter. Was Oct revenue unrealized by nano-goblins or was the statement that payment was made and revenue realized in Oct 2015 an utter and complete falsehood?
October 06, 2015 07:15 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--El Capitan Precious Metals, Inc. (OTCQB: ECPN) announced today that it has realized the first payment on a large purchase order for the sale of high-quality iron ore. This revenue represents the beginning of what Company officials believe will be an on-going revenue stream—and this operating cash flow, in effect, transitions the Company from an exploration company to a mining operations company.
2016-01-22 07:15 ET - News Release
The Company expects to begin to realize initial revenues from the iron ore sales in this quarter ending March
Aug 28, 2013
5. We expect to have a very positive report on the processing of our concentrates, including dore bar sales before the middle of September
Sept 13, 2013
The long adventure of the ecpn concentrates have come to a very successful end.
The effective concentration has been improved to 250-to-1. The entire inventory is currently being processed and the PMs being collected into dore bars for sale
Sept 27, 2013
The date for the delivery of the bars will be October 31st and we will publish the transaction.
Lying by omission
Also known as a continuing misrepresentation, a lie by omission occurs when an important fact is left out in order to foster a misconception. Lying by omission includes failures to correct pre-existing misconceptions. When the seller of a car declares it has been serviced regularly but does not tell that a fault was reported at the last service, the seller lies by omission.
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