Replies to post #50229 on DD Support Board and Research Team

[samsamsamiam]

EGCT:
http://investorshub.advfn.com/Ecologic-Transportation-Inc-EGCT-15842/


SANTA MONICA, Calif., Sept. 19, 2012 /PRNewswire/ -- Ecologic Transportation, Inc., (OTC:QB--EGCT) announced today it has signed two investment banking agreements with a leading New York-based investment banking firm to assist in sourcing capital. The investment banking firm was founded in 1925, is one of the oldest in the United States, a member of the New York Stock Exchange and a full-service broker-dealer employing over 500 people. The firm manages two Morningstar- rated funds with over $2.8 Billion of retail accounts, nearly 100 registered representatives and 20 investment advisors in six offices.




http://www.sec.gov/Archives/edgar/data/1379245/000137924513000011/R14.htm

On September 12, 2012, the Company retained the services of Wellington Shields & Co., LLC (“Wellington”) for the acquisition financing related to the purchase of ACE Rent A Car. The proposed financing was to be used primarily to complete the proposed acquisition of ACE. The Engagement Letter dated September 12, 2012, provided for an initial fee of $25,000 fee for Wellington to represent the Company to lenders to secure financing for the purchase of ACE. In addition, the Company engaged Wellington to represent the Company in a $30,000,000 equity financing, which was contingent upon the completion of the ACE acquisition. Wellington has been unable to secure satisfactory financing for the acquisition of ACE, and the contingent equity financing, and the Company’s agreement with Wellington has been terminated. There are no further obligations between the Company and Wellington.



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Is there a common dot connecting all those companies putting out the same type of press release? Is it related to the IR?

this name popped up a few times:
Capital Group Communications, Inc. (“CGC”), a California corporation


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did I read you had a NDA with the EGCT?

[janice shell]

Bingo! Good work!

On September 12, 2012, the Company retained the services of Wellington Shields & Co., LLC (“Wellington”) for the acquisition financing related to the purchase of ACE Rent A Car. The proposed financing was to be used primarily to complete the proposed acquisition of ACE. The Engagement Letter dated September 12, 2012, provided for an initial fee of $25,000 fee for Wellington to represent the Company to lenders to secure financing for the purchase of ACE. In addition, the Company engaged Wellington to represent the Company in a $30,000,000 equity financing, which was contingent upon the completion of the ACE acquisition. Wellington has been unable to secure satisfactory financing for the acquisition of ACE, and the contingent equity financing, and the Company’s agreement with Wellington has been terminated. There are no further obligations between the Company and Wellington.

http://www.sec.gov/Archives/edgar/data/1379245/000137924513000011/egct2013063010qfinal.htm

So did Wellington make $25K a pop on each of these? Not exactly the bigtime, but...