FROM ECOB CEO - "Thanks for your note. First let me refer you to all of our public filings and recent press releases as your primary source of information. There is no doubt that the Company has amassed a great deal of convertible debt through the years, but we are working diligently on a plan that, if successful, will allow us to work our way out from underneath it.
We are now at a point where we have intellectual property that is of quantifiable value and are in discussions with numerous, major Industry players that can help us monetize that value. It has taken longer than we expected, but we have made measurable traction toward our goals."
CEO Tom Comery is a hardworking guy with experience in "start-ups" and "turn-a-rounds." He has made great progress and makes sure profit margins are healthy. (Unlike the former CEO) However, the convertible debt problem is so huge, that it is a show stopper for investing in ECOB shares right now. Be patient...or lose your funds as dilution further erases share value. ECOB is drifting lower as I said it would. Any PR spikes are temporary opportunities to get out for now.
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