ECAU Discussion Topics 08/12/2014 15:44:56 $ECAU
Post# of 64200
Posted On: 08/12/2014 4:44:55 PM
ECAU Discussion Topics 08/12/2014 15:44:56 $ECAU
I saw that to.
so fkn true words bro!!!!!
Why is TDA showing the close at .0053?
Yep...probably from earlier in the day.
Agreed. Did the same thing yesterday. ECAU chart >>
"BE PATIENT BE A MILLOINARE" WARREN BUFFET QUOTE
lol. no brainer of the day!
THIS IS THE ECAU STORY, MUST READ!!: The Company received notice of default on August 4, 2014 in a letter from Magna Equities II, LLC (Formerly known as Hanover Holdings I, LLC) after failing to repay the remaining principal amount and accrued interest of $350,766.67 in accordance with the terms of the Senior Convertible Note dated January 3, 2014. The default due to non-payment resulted in a default penalty of 25% of the outstanding balance at the time of default.
The Company had previously disclosed that the Company was notified by UFF that the Company was in default on five promissory notes, with an initial aggregate value of $710,000. The maturity date for such promissory notes was extended to June 16, 2014. On August 5,2014 UFF sent a letter demanding repayment.
The Company’s default and inability to pay obligations as they become due constitutes an event of default under certain of the Company’s other outstanding indebtedness resulting in default penalties and in certain of the agreements an automatic and immediate acceleration of the debt obligation.
At this time, the Company does not have adequate liquidity to repay any outstanding obligations and does not expect to be in a position to timely file its periodic reports and 10-Q due August 15, 2014. The Company is exploring options to restructure the business.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ECHO AUTOMOTIVE, INC.
a Nevada corporation
Dated: August 5, 2014 By: /s/ William D. Kennedy
William D. Kennedy
Chief Executive Officer
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
Flipped half my shares at .0053 and bought back in for the extra shares at .0046, I wish I saw ahead and figured out the EOD pattern ugh. Time to make some more $$ tomorrow!!
ECAU$$$
LoL
There's more than 7 mil there and I had 2 mil drop out . Should open with a real bang !!!
I could care less about the daily for now, as long as volume comes in and the weekly is green.
Going to run!!! to day moon !!!!! news soon !!!! .50 coming just hold on. The check is in the mail. ECAU did not disappoint me at all today.
Blue hows BEEEECRAPP DOING LMFAO
Are you seeing a 2 mill buy at .0053 EOD??
a sale for .0053 for 2,000,000 at 16:03:28 just came across my time and sales??
Anyone else see that?
AMPLE TIME TO MAKE FREEMONEY GREAT JOB TRADERS
Before closing to put 7 million bid and get screen shot OLD TRICK
Great day.
I saw that to.
so fkn true words bro!!!!!
Why is TDA showing the close at .0053?
Yep...probably from earlier in the day.
Agreed. Did the same thing yesterday. ECAU chart >>
"BE PATIENT BE A MILLOINARE" WARREN BUFFET QUOTE
lol. no brainer of the day!
THIS IS THE ECAU STORY, MUST READ!!: The Company received notice of default on August 4, 2014 in a letter from Magna Equities II, LLC (Formerly known as Hanover Holdings I, LLC) after failing to repay the remaining principal amount and accrued interest of $350,766.67 in accordance with the terms of the Senior Convertible Note dated January 3, 2014. The default due to non-payment resulted in a default penalty of 25% of the outstanding balance at the time of default.
The Company had previously disclosed that the Company was notified by UFF that the Company was in default on five promissory notes, with an initial aggregate value of $710,000. The maturity date for such promissory notes was extended to June 16, 2014. On August 5,2014 UFF sent a letter demanding repayment.
The Company’s default and inability to pay obligations as they become due constitutes an event of default under certain of the Company’s other outstanding indebtedness resulting in default penalties and in certain of the agreements an automatic and immediate acceleration of the debt obligation.
At this time, the Company does not have adequate liquidity to repay any outstanding obligations and does not expect to be in a position to timely file its periodic reports and 10-Q due August 15, 2014. The Company is exploring options to restructure the business.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
ECHO AUTOMOTIVE, INC.
a Nevada corporation
Dated: August 5, 2014 By: /s/ William D. Kennedy
William D. Kennedy
Chief Executive Officer
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
Flipped half my shares at .0053 and bought back in for the extra shares at .0046, I wish I saw ahead and figured out the EOD pattern ugh. Time to make some more $$ tomorrow!!
ECAU$$$
LoL
There's more than 7 mil there and I had 2 mil drop out . Should open with a real bang !!!
I could care less about the daily for now, as long as volume comes in and the weekly is green.
Going to run!!! to day moon !!!!! news soon !!!! .50 coming just hold on. The check is in the mail. ECAU did not disappoint me at all today.
Blue hows BEEEECRAPP DOING LMFAO
Are you seeing a 2 mill buy at .0053 EOD??
a sale for .0053 for 2,000,000 at 16:03:28 just came across my time and sales??
Anyone else see that?
AMPLE TIME TO MAKE FREEMONEY GREAT JOB TRADERS
Before closing to put 7 million bid and get screen shot OLD TRICK
Great day.
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