Replies to post #12728 on Global Ecology Corporation (GLEC)

[nomoneyleft]

Interesting info in how they had this deal setup...

It is our intention that at some point in the future that we will dividend the 25% stake in GEC Energy Corporation to our existing shareholders in accordance with the percentage of common stock they each have in Global Ecology Corporation at the time the dividend is declared. Pursuant to the terms of the transaction, the Chairman of Esoft has agreed to pay $500,000 for the right to purchase 5,000,000 shares of Global Ecology Corporation common stock at $0.50 per share.

We believe the successful completion of all aspects of the Esoft transaction will result in added value for our stockholders and working capital for Global Ecology Corporation. We will keep you updated as we move forward and the transaction materializes. Thank you for your continued support. Sincerely, Peter D. Ubaldi, President & Chief Executive Officer"