$ECOX Rolling Brief - Updated November 4, 2018. Ex
Post# of 4930
New President - John English of Palm Beach, FL.
Name change to Eco Innovation Group, Inc on July 18, 2018.
Legacy subsidiaries Haydin Group Enterprises (Split Endings), Expressions Property Limited,LP and Expressions Chiropractic and Rehab Center, PA reverted to being private entities and the respective share exchange agreements entered into previously were unwound.
The 2018 Q2 and new company disclosure was filed on September 12, 2018.
Now OTC Current.
The Company is considered to be a "Going Concern"
Ticker change to ECOX approved by FINRA effective midnight September 25/26, 2018.
Eco Innovation Group, Inc reinstated as a Florida business on October 19, 2018.
http://search.sunbiz.org/Inquiry/CorporationS...0000638430
As of June 30, 2018, the new President Mr English purchased common stock in a private transaction.
On August 29, 2018, the Company conducted a reverse split of its common stock in a ratio of 1 share for every 1,000 issued and outstanding, reducing Mr. English’s beneficial ownership of common stock to 77,500 shares.
Beneficial Ownership of Shares:
- John English:
-- Preferred: 15,000,000 (50%)
-- Common: 77,500
- Heritage Funding, Inc. of San Diego, CA:
-- Preferred: 15,000,000 (50%)
-- Common: 77,500
The share structure post-reverse split was as anticipated - with no dilution.
The Transfer Agent updated the Verified Company Profile in a timely manner as at September 28, 2018.
Authorized Shares: 2,100,000,000 as at September 28, 2018
Outstanding Shares: 1,830,680 as at September 28, 2018
Restricted: 208,800 as at September 28, 2018
Unrestricted: 1,621,880 as at September 28, 2018
Held at DTC: 1,440,912 as at September 28, 2018
There has been no dilution in 2017 or in 2018 to date.
The next update to the share structure in the Verified Company Profile is due after October 31, 2018 .
The predecessor company was the highest banked profit stock for those that traded it correctly in 2017 due to its proven history of regular repeat runs on the excellent financial results each quarter.
It continued to deliver good returns of up to 100% in the first half of 2018 on a number of mini runs.
It also offered a limited opportunity for traders to add shares to their inventory in the .1 > .3 range (previously .0001 > .0003) on August 28 to be ready for "trading-from-the-bottom-up" opportunities as they present themselves over the coming days, weeks and months.
It was obvious that some of the big traders took advantage of this both on August 28 and with additional buys in the .1 > .2 range on August 31 and thereafter.
As predicted in the Rolling Brief Update of September 12, we did indeed see "more buying in the .1 > .2 range - particularly from those that held off buying .0001s on August 28 or .1000 > .1650 since".
The only shares that have been available to buy below .1 have been a total of 18,724 accumulated from insignificant basher / manipulator attempts at paint downs prior to the solid breakout above .1 early on.
The stock has effectively remained above the .1 r/s par for the 15 days since trading recommenced until it broke out above .15 on September 21 with significant buys at .2.
On the next trading day September 24, 2018, a new higher base was established at .25 x .2887 and maintained through to the ticker change.
A higher base was established above .3000 by October 24 with significant buying in the .3000 to .3275 range through to November 2.
This equates to a 220% increase in value for those that were decisive enough to buy .1000s when they had the chance and 60% for those that bought .2000s.
As the traders holding the majority of shares bought in the .1000 to .2500 range were longs / whale repeat traders creating an inventory of shares to trade in the .3000 to .6000 gap - at which point the legacy shares start to return a profit - it is not expected that many shares will be offered up in the .3000 to .4000 range and fills below .3000 are only likely to be insignificant from bashers attempting manipulation to get cheap shares.
Summary of Trading Off The Bottom:
Bought in .0701 > .0999 Range: 18,724 (bids filled by small paint downs)
Bought at .1 (and .0001 pre-r/s): 315,417 [none since Sep 12]
Bought in .1100 > .1499 Range: 85,380 [none since Sep 20]
Bought in .1500 > .1999 Range: 48,427 [none since Oct 15]
Bought in .2000 > .2499 Range: 90,543 [only 558 since Oct 12]
Bought in .2500 > .2999 Range: 129,604 [51,616 Oct 18/19]
Bought in .3000 > .3999 Range: 58,149
Bought in .4000 > .4999 Range: 400
A more detailed breakdown by price and day of buying is maintained in the contemporaneous daily updates here.
$ECOX should be thin to the upside with most traders wanting to spin out their holdings of .1s > .3s to trade in the .3 > .6 range for 100% to 500% profit since most holdings above were buys at the equivalent of .4/.5/.6 (and those holdings have all been divided by 1000 now).
An analysis of how thin $ECOX is expected to be to the upside may be found here:
https://investorshangout.com/post/view?id=5216669
The Company’s current (new) business operates an Innovation Incubator platform devoted to globally important paradigm shifts in technology, sustainable products development, and research, to effectively address large known market potentials driven by natural necessity for practical and meaningful change worldwide.
The Company will strategically nurture private companies toward absorption by the Company, or for initial public offerings, strategic joint ventures or other merger and acquisition transactions.
The Company’s initial project is to prioritize the relaunch of a well-documented, extensively tested, broadly approved and globally celebrated proprietary Affordable Housing Technology, to address the global crisis in affordable housing and construction, whilst effectively addressing the also presently exaggerated worldwide need for secure, extreme-weather and natural catastrophe resistant structures.
Ahead watch out for:
- More buying in the .3400 > .6000 range ahead of the first PR / update from the new company.
- 2018 Q3 filings.
- Next update to the Verified Company profile due soon.
- First formal PR.
- Any new website or social media account for the new company .
- Price being allowed to rise / moved significantly above .6 at some point as it is now known that the President and Heritage Funding Inc must have bought their shares at .5 / .6 and obviously want a decent return on them.
Eco Innovation Group Inc (ECOX) Stock Research Links
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.