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kennypooh

02/14/19 2:37 PM

#61614 RE: Jabez Advisory #61611

"When was the last time ECOS had any revenue hit their balance sheet?

They have never reported any revenues from any project since inception!

Under the LRS agreements, equipment sales, tipping fees and fertilizer sales are to go through ECOS/Bio Art LLC (the private JV). ECOLOCAP (ECOS) only gets a percentage of any NET PROFITS after all expenses are paid by the JV. Could be years before realizing any net profits from this project IMO.

GLTY and JMO