Summary - November 27 . Some slight progress t
Post# of 4930
Some slight progress today for $ECOX.
There was one small basher / manipulator paint down at the open of 150 shares from an order placed before the open at what appeared to be a shorted price of .15005. It filled part of my hidden bid remaining at .1501 and left the large 20,000 bid (equivalent to 20M at .00015 in old money) at .1500 remained intact.
Thereafter, as predicted for some time, one of the known large scale traders with an interest in $ECOX took out 5,000 of the artificially low ask at .2400 (which has been alternating between 5,000/,7,000 shares for several weeks).
The next ask was - as expected from previous observations - just 2,500 way up at .2997.
Thereafter the 150 shares that had been shorted at .15005 were covered at .2400 (possibly from 2,000 put at .2400 - from the balance of the often seen 7000 - but now not visible because less than the 2500 threshold).
The bids in depth of 20,000 at .1500 and 4,849 (mine - hidden) at .1501 remain unchanged.
Ahead, there is still almost nothing being offered under .4000 in realistic terms - perhaps 20,000 to 30,000 total.
$ECOX will remain extremely thin to .4000 then to .5000 and to .6000 per the previous analysis which is playing out exactly as expected..
At these higher price levels, minimum shares to be shown on bid / ask are at the discretion of individual MMs. The current settings are now 5K on the bid now and 2.5K on the ask.
Items below the line unchanged from the previous summary - included for new followers [updated items in bold]:
$ECOX Rolling Brief at sticky # 3495 .
https://investorshangout.com/post/view?id=5252283
Key Points from the Disclosure filed on September 12 at # 3218.
https://investorshangout.com/post/view?id=5206835
The main point to remember is that over 300,000 shares were bought on Aug 28 and Aug 31 by savvy traders who saw the opportunity to have an inventory of shares to trade in the .2 > .5 range.
We now have the added bonus that we know from the filings that the new company President and his funding partner paid .5/.6 and so have the vested interest in getting the price past there towards $1.
Developments on November 19:
2018 Q3 filed by the previously filed extension deadline of midnight on November 19, 2018.
The 2018 Q3 contained 2 surprise major developments - neither of which had been previously alluded to by any means:
- As of September 17, 2018 $ECOX now owns a 20,000,000 common share interest in Marijuana Company of America valued at $600,000 as at November 19, 2018. This can be valued as an "available for sale" security.
- As of November 12, 2018, $ECOX has commenced acquisition of Affordable Rapid Housing Inc - the first stage in its entry to the affordable / emergency housing sector which is the previously stated business plan for this new public company.
Well done everyone who held during the reverse split - particularly if you also joined in the loading at .1 equivalent on August 28.
As previously stated, $ECOX should be thin to the upside with most traders wanting to spin out their holdings of .1s > .2s to trade in the .2 > .5 range for 100% to 400% profit since most holdings above were buys at the equivalent of .4/.5/.6 (and those holdings have all been divided by 1000 now). See analysis here: https://investorshangout.com/post/view?id=5216669
The TA continues to update the Verified Company Profile in a timely manner monthly - the latest update is as at October 31, 2018.
Ahead watch out for:
- First formal PR.
- Any new website.
- Any new Twitter / Facebook account.
Daily summaries on all my closely watched alerts may be a few hours after the close from now on so I can get out and about.
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.