Replies to post #57926 on EcoloCap Solutions Inc. (fka ECOS)

[deal guy]

Kenny

I have to disagree with you here.

The JV is an affiliate of ECOS under accounting and SEC rules. They will need to report the JV financials and underlying JV information (like sales revenue, costs, material agreements, etc.) in their SEC filings (either by full consolidation with minority interest or proportionate consolidation). So ECOS will need to tell their shareholders all about the JV with LRS. Whether they actually comply with the disclosure rules is a different question.

[DONT SQUEAL]

"he original contracts called for all LRS machine orders and payments to go through the ECOS/BIOart LLC (private JV)"

again WRONG! Only the system purchased for LRS go through the venture... the rest go through ECOS.


Try again.