Hey, remember back on April 8th when Ecometals (EC.v) wrote this in relation to the delayed, delayed and delayed again sale of the Condor property in Ecuador?
"Ecometals Limited ("Ecometals") has agreed to a further extension to the closing of the SPA with Alca Gold Limited ("Alca") and its financial backers for their acquisition of Ecometals' shares in Condormining Corporation S.A. and Condorview S.A. for US$9,000,000 to be satisfied in cash. Both parties have agreed their intention to extend the closing with cash payment on 23rd April, failing which Ecometals will terminate the Agreement."
"The closing payment was not made on 23 April 2010. However, Alca has requested a further extension supported by a proposal to make an immediate US$1,000,000 payment into an account with an escrow agent as a sign of their commitment to closing the transaction within 60 days. A non refundable payment of US$100,000 will then be transferred from the escrow account to Ecometals Limited and a further non refundable transfer of US$100,000 after 30 days. Both payments will be offset against the final purchase price if the closing transaction is completed. If the transaction is not completed, then the balance of the US$1 million will be returned to Alca."
But oh yes, these liars are gonna make you all rich, right? The ex-CEO of EC.v Slaughter tries and fails four times to raise the cash to buy a property from the current EC.v....and then asks for yet more time....and EC.v directly contradicts previous statements and gives him more time.....and you'll still believe them, won't you? Please leave by the door marked "Suckaz".