Well sure they are now that Conboy has unlimited stock to give away to Redwood or whomever else to dump! They pledged their shares for the increase in authorized, R/S is approved and blanket shares..so looks good that they may recoup some money so a new schedule is nothing to them...they are shocked to get anything IMO. Maybe Conboy is doing this so he can show new funding that he does pay some of the bills...not at 100% but something lol
The conversation probably went something like this:
RW said we could sell shares down here to help with the payments that are due or the 3 of us could lighten up on what's due now and then we could sell shares later after ECO has made some progress.
MRL said that will cost you a one time payment of $350K and we'll agree.
ECO share price doesn't get killed while they are working on funding and an agreement.
That's no bigger a spin than to believe that Redwood was eager to part with another $350k just to move a few dollars out on their payments. I'd say it makes a lot more sense. And they wanted to do this because they'll be selling at a much higher price per share.
News 
Market Data 
Discover 
AI
