Replies to post #64950 on EcoloCap Solutions Inc. (fka ECOS)

[tw2319]

Don’t know that answer Kart.

But, what I think, Handley has been in this parade multiple times before.

So has his CPA’s and his attorneys.

T.

[deal guy]

Yes, ECOS would need to be current with the SEC and in good standing under Nevada law for the insiders (Kwak, Siegel) to sell the company or its interest in BioArt to LRS. LRS lawyers would want a good standing certificate in a sale transaction involving the company or BioArt and both transactions would require a shareholder vote (the insiders control the vote through their preferred shares).

Of course, they could become current for about $100k (the cost of the audits for the last two years and the Nevada Secretary of State fees).