Replies to post #63364 on EcoloCap Solutions Inc. (fka ECOS)

[donslots]

I was told by LSR that the Aerobic Digester was operating all through the winter months at their California Street location. We are coming up on 2 years of processing food waste in Q3 of 2019.

[deal guy]

JA

My suspicion is that ECOS might not have the cash to file financials.

Remember they need to pay their auditors to audit 2017 and 2018 before they file 2019. Their auditors cost about $25k per year. They stopped auditing after q3 2017.

Also in order to file they need to pay up their Nevada license fees for 2019 so they are in good standing. They owe about $24k to Nevada. If they don't pay up the license fees their auditor would have to qualify their opinion which nobody wants. They also likely can't do a corporate transaction while not in good standing.

Here is the snapshot from Nevada Secretary of State..

ECOLOCAP SOLUTIONS INC.
Business Entity Information
Status: Revoked File Date: 3/18/2004
Type: Domestic Corporation Entity Number: C6912-2004