ECAU Company info 08/13/2014 21:28:37 $ECAU
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.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
I love dilution, they usually pump the stock before the conversions to get the volume up and peeps interested. They're always good for peeps to claim "to da moon". Great scalping stocks. Weeeeee
ECAU: The Company received notice of default on August 4, 2014 in a letter from Magna Equities II, LLC
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
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.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
Huge DILUTION, Because NO REVENUE $10.2 MILLION LOSS AT q1 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10027668
Read any penny stock and that appears in all of them. But don't worry they will just issue more notes and when they max out the A/S they'll either add a shiz ton more or just R/S this turd. Wash, rinse, repeat. Still good for a few flips b4 this turd goes titz up.
Why did those some say news is coming tomorrow? Was this news confirmed with the CEO or did somebody got a response from IR department stating news was coming?
ECAU: We will need at least $2,000,000 to $4,000,000 in additional financing for us to break-even and achieve self-sufficiency on a cash flow basis. Our December 31, 2013 financial statements indicated that there was substantial doubt about the Company continuing as a going concern.
PAGE 1 UNDER OVERVIEW
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10048684
Or they really believe in the short stories lol
i thought about posting a snapshot but nvm too much kids here, im sure they will start to point fingers and call me a insider because they was too lazy to do their own DD
Teehee
Of course. I am the first one to say I'll be bidding .0025 tomorrow and If I were a betting gal I'd say that I'll get them based on the charts. I'm off to the gym to workout my buns.
Later guys and gals, happy trading tomorrow to all!
Pictures can be deceiving........haha..........
Barbie plays hardball...........stick to your guns bud........you know what's up.......until the downtrend is reversed it is a trade the channel play...........besides, penny stocks are for trading, right?...........
What do they call a long term penny stock holder?............someone who forgot to sell................just dates, not marriages...............no emotion = $money in penny land...........$$$
You sure do make great use of the edit button. My oh my. I bet some of these traders wish they could edit their ECAU buys from .004+ to much much lower in the coming days.
Prolly the peeps that are selling through BMAK and VFIN. Lolzzzz
Makes a lot of sense. Insider information + dilution from noteholders and company affiliates on the backside of a dwindling pump and dump scheme sure makes for a stock that collapses very quickly.
Right, as much as I want this to run...this dude is bullshit
I think you may be on to something here. Been watching the dilution here, may be good for a scalp here and there but the volume is gonna dry up and this turd will be in the trips in less than two weeks.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to non-public information about the company. In various countries, insider trading based on inside information is illegal. This is because it is seen as unfair to other investors who do not have access to the information. The rules around insider trading are complex and vary significantly from country to country and enforcement is mixed... lol
Crazy oversold..........the heavy volume can't be overlooked..........got to think all these shares are going somewhere.............maybe even stronger hands........$$$
massive bashing before PR as usual
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.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
I love dilution, they usually pump the stock before the conversions to get the volume up and peeps interested. They're always good for peeps to claim "to da moon". Great scalping stocks. Weeeeee
ECAU: The Company received notice of default on August 4, 2014 in a letter from Magna Equities II, LLC
Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.
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.
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10133199
Huge DILUTION, Because NO REVENUE $10.2 MILLION LOSS AT q1 http://www.otcmarkets.com/edgar/GetFilingHtml...D=10027668
Read any penny stock and that appears in all of them. But don't worry they will just issue more notes and when they max out the A/S they'll either add a shiz ton more or just R/S this turd. Wash, rinse, repeat. Still good for a few flips b4 this turd goes titz up.
Why did those some say news is coming tomorrow? Was this news confirmed with the CEO or did somebody got a response from IR department stating news was coming?
ECAU: We will need at least $2,000,000 to $4,000,000 in additional financing for us to break-even and achieve self-sufficiency on a cash flow basis. Our December 31, 2013 financial statements indicated that there was substantial doubt about the Company continuing as a going concern.
PAGE 1 UNDER OVERVIEW
http://www.otcmarkets.com/edgar/GetFilingHtml...D=10048684
Or they really believe in the short stories lol
i thought about posting a snapshot but nvm too much kids here, im sure they will start to point fingers and call me a insider because they was too lazy to do their own DD
Teehee
Of course. I am the first one to say I'll be bidding .0025 tomorrow and If I were a betting gal I'd say that I'll get them based on the charts. I'm off to the gym to workout my buns.
Later guys and gals, happy trading tomorrow to all!
Pictures can be deceiving........haha..........
Barbie plays hardball...........stick to your guns bud........you know what's up.......until the downtrend is reversed it is a trade the channel play...........besides, penny stocks are for trading, right?...........
What do they call a long term penny stock holder?............someone who forgot to sell................just dates, not marriages...............no emotion = $money in penny land...........$$$
You sure do make great use of the edit button. My oh my. I bet some of these traders wish they could edit their ECAU buys from .004+ to much much lower in the coming days.
Prolly the peeps that are selling through BMAK and VFIN. Lolzzzz
Makes a lot of sense. Insider information + dilution from noteholders and company affiliates on the backside of a dwindling pump and dump scheme sure makes for a stock that collapses very quickly.
Right, as much as I want this to run...this dude is bullshit
I think you may be on to something here. Been watching the dilution here, may be good for a scalp here and there but the volume is gonna dry up and this turd will be in the trips in less than two weeks.
Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) by individuals with access to non-public information about the company. In various countries, insider trading based on inside information is illegal. This is because it is seen as unfair to other investors who do not have access to the information. The rules around insider trading are complex and vary significantly from country to country and enforcement is mixed... lol
Crazy oversold..........the heavy volume can't be overlooked..........got to think all these shares are going somewhere.............maybe even stronger hands........$$$
massive bashing before PR as usual
