Summary - November 28 . A satisfactory status
Post# of 4930
A satisfactory status quo day for $ECOX in what was a busy day elsewhere for all the known whales that have an interest in it - they are happy to wait for the PR campaign in due course..
After the artificially low ask of .2400 was taken out yesterday, the first ask was at the long-standing set level of just 2,500 at .2997.
After the open, a small holder looking to lock in some profit set what is probably a day trade order for 5,000 at .2994. I will watch for this tomorrow.
The bids in depth of 20,000 at .1500 and 4,849 (mine - hidden) at .1501 remain unchanged.
There was no basher / manipulator paint down at the open from orders placed before the open or thereafter.
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.