Replies to post #45626 on EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

Kind of a material omission from their filings. The preferred shares give the insiders the voting control over the company. It is how they were able to do the 14C without notice to shareholders. Not something new preferred issued to insiders in 2013. Their explanation is not entirely correct. It has zero gaap accounting value when issued but has substantial economic value as a result of voting control. Theee shares have the ability to block any corporate action and can cause an action to occur without common shareholder consent.