Replies to post #11364 on ABCO Energy Inc. (ABCE)

[Z732Z]

Shares offered by us

50,000,000 shares at $0.0168 per share(1)









Shares to be outstanding

76,871,876 shares after offering if all shares sold (2)



Use of Proceeds

We estimate that the net proceeds to the Company from this offering, after deducting the $100,000 estimated offering expenses, will be approximately $532,500.(3)





We intend to use the net proceeds of this offering as follows: (i) expansion and (ii) the balance for general corporate purposes, which may include working capital, capital expenditures and the acquisition of assets, technologies or companies complementary to our business. We will not receive any of the proceeds from the sale of shares by the selling shareholders nor do we know how many of these shares will be sold.

[SOG]

The S-1 will NOT be approved in 2 weeks. 30 days minimum. More likely 60 days or longer. If you hold 5 mil then you need to file ownership as that is more than 5% of the o/s.