$ECOX Rolling Brief - Updated March 24, 2019. Extr
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Posted On: 03/24/2019 3:31:15 PM
$ECOX Rolling Brief - Updated March 24, 2019. Extracts From Official Filings & PRs + Analysis From Observations [recent updates / important items in bold].
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.
The 2018 Q3 - including new acquisition and asset disclosures (see below) - was filed on November 19, 2018.
The company has been upgraded again from "Pink Limited Information" to "OTC Pink 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
Executive Assistant - Shari McAuley - hired and Company Profile at otcmarkets.com updated week ending December 14, 2018 .
Company Profile updated by February 1, 2019 to show SIC - Industry Classification - as "3549 - Metalworking machinery, misc" consistent with entry into the affordable rapid housing sector.
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 February 28, 2019 .
Authorized Shares: 2,100,000,000 as at February 28, 2019 [no change]
Outstanding Shares: 4,830,680 as at February 28, 2019 [no change]
Restricted: 3,208,800 as at February 28, 2019 [no change]
Unrestricted: 1,621,880 as at February 28, 2019 [no change]
Held At DTC: 1,441,009 as at February 28, 2019 [no change]
There has been no dilution of Common Unrestricted shares in 2017, 2018 or in 2019 to date.
There has only been an increase in Restricted shares in 2018 to pay for acquisitions known to be in the course of progress as stated in the 2018 Q3 filing (see below).
The next update to the Verified Company Profile can be expected soon after March 31, 2019.
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.
Increased visible bidding in depth was noted in the .1300 to .1500 range and in the .2100 to .2300 range in December 2018 to buy any cheap shares that might be made available by tax loss sellers. Almost none were able to be bought at these low levels.
During the week January 7-11, 2019, we started to see buying at the higher bid levels of .1800 to .1890.
During the week January 28 - February 1, 2019, there were no nonsense paint downs and a 1,500 buy at .1500. In addition, the fake undercut ask at .2000 was cancelled.
During the week February 4-8, 2019, the first ask remained at .2500. In addition, there was one nonsense paint down of 400 shares and basher posts started again on an amateur forum on February 9. Following complaints by several top, high volume traders to brokers regarding the "small trade" manipulation attempts (often accompanied by iHub basher posts in the same timeframe) on a continuing basis across multiple stocks - and the commission charges incurred for buyers on the bid - the FINRA Compliance Departments of brokers will now be on the lookout for this with dire consequences for offenders - more details in a separate post.
During the week February 11-15, 2019, the first ask remained at .2500. In addition, the hidden undercut ask was being tested in the .2000 to .2350 range and there were no basher paint down attempts.
During the short week February 19-22, the first ask remained at .2500 - occasionally and temporarily undercut at the artificially low price of .2000 after recent buys at .2350 whilst accompanied by nonsense shorted 1 share paint downs at .10505 (total 12). Nobody was duped to sell and the MMs ignored the manipulation attempts in terms of "last trade" records.
During the week February 25 to March 1, almost daily manipulation attempts were made to dupe the impatient to sell - an obviously fake 125K undercut ask at .2000 (sometimes cancelled when the hit for 500 shares - accompanied by the usual nonsense paint downs - as small a 1 share - at .1000. These illegal activities are likely to attract the attention of FINRA regulation compliance departments at brokers.
During the week March 4-8, there was the odd manipulation attempt again with a large fake ask of 125K at .2000 on occasion along with paint downs either bought by hidden bids at .1500 or the visible bid at .1000.
During the weeks March 11-15 and March 18-22, there were intermittent attempts to dupe the impatient to sell in the .1000 to .2000 range with the use of a fake stacked ask of 125K at .2000. It was removed after some buys at .1995 and .2000.
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): 320,744 [only 5,327 since Sep 12]
Bought in . 10505 > .1499 Range: 87,706 [only 2,291 since Nov 25]
Bought in .1500 > .1999 Range: 114,461 [only 29,518 since Nov 25]
Bought in .2000 > .2499 Range: 107,747 [only 17,944 since Oct 12]
Bought in .2500 > .2999 Range: 130,604 [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.
As disclosed in the 2018 Q3 filing, the Company's main asset is an "Available for Sale Security".
On September 17, 2018, a contribution of 20,000,000 common shares of Marijuana Company of America, Inc. was made to the Company.
The shares were valued at $600,000 on this date and resulted in an increase in Additional Paid in Capital.
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.
On November 12, 2018, the Company entered into an Asset Purchase Agreement with Affordable Rapid Housing, Inc., a Florida corporation (“ARH”). The Company acquired all right, title and interest to certain intellectual properties including possible trademarks, works for hire, trade secrets and related information generally associated with the building, construction and manufacturing trades, methodologies and processes.
The conveyance, assignment, sale, transfer, delivery and grant of the purchased assets by ARH to the Company included all technologies, methods, formulations, databases, trade secrets, knowhow, inventions, complete and incomplete research and development, work in progress, and other intellectual property in any manner related to the purchased assets.
The Company also acquired all records, manuals and other documents relating to or used in connection with the purchased assets, including all information, files, records, data, plans, and contracts and recorded knowledge in whatever form.
Ahead watch out for:
- More buying in the .2000 > .6000 range ahead of the first PR / update from the new company.
- Update to the Verified Company Profile by the TA soon after March 31, 2019.
- 2018 Annual Report.
- First formal PR - particularly an update on the completion of the acquisition of Affordable Rapid Housing, Inc.
- 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.
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.
The 2018 Q3 - including new acquisition and asset disclosures (see below) - was filed on November 19, 2018.
The company has been upgraded again from "Pink Limited Information" to "OTC Pink 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
Executive Assistant - Shari McAuley - hired and Company Profile at otcmarkets.com updated week ending December 14, 2018 .
Company Profile updated by February 1, 2019 to show SIC - Industry Classification - as "3549 - Metalworking machinery, misc" consistent with entry into the affordable rapid housing sector.
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 February 28, 2019 .
Authorized Shares: 2,100,000,000 as at February 28, 2019 [no change]
Outstanding Shares: 4,830,680 as at February 28, 2019 [no change]
Restricted: 3,208,800 as at February 28, 2019 [no change]
Unrestricted: 1,621,880 as at February 28, 2019 [no change]
Held At DTC: 1,441,009 as at February 28, 2019 [no change]
There has been no dilution of Common Unrestricted shares in 2017, 2018 or in 2019 to date.
There has only been an increase in Restricted shares in 2018 to pay for acquisitions known to be in the course of progress as stated in the 2018 Q3 filing (see below).
The next update to the Verified Company Profile can be expected soon after March 31, 2019.
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.
Increased visible bidding in depth was noted in the .1300 to .1500 range and in the .2100 to .2300 range in December 2018 to buy any cheap shares that might be made available by tax loss sellers. Almost none were able to be bought at these low levels.
During the week January 7-11, 2019, we started to see buying at the higher bid levels of .1800 to .1890.
During the week January 28 - February 1, 2019, there were no nonsense paint downs and a 1,500 buy at .1500. In addition, the fake undercut ask at .2000 was cancelled.
During the week February 4-8, 2019, the first ask remained at .2500. In addition, there was one nonsense paint down of 400 shares and basher posts started again on an amateur forum on February 9. Following complaints by several top, high volume traders to brokers regarding the "small trade" manipulation attempts (often accompanied by iHub basher posts in the same timeframe) on a continuing basis across multiple stocks - and the commission charges incurred for buyers on the bid - the FINRA Compliance Departments of brokers will now be on the lookout for this with dire consequences for offenders - more details in a separate post.
During the week February 11-15, 2019, the first ask remained at .2500. In addition, the hidden undercut ask was being tested in the .2000 to .2350 range and there were no basher paint down attempts.
During the short week February 19-22, the first ask remained at .2500 - occasionally and temporarily undercut at the artificially low price of .2000 after recent buys at .2350 whilst accompanied by nonsense shorted 1 share paint downs at .10505 (total 12). Nobody was duped to sell and the MMs ignored the manipulation attempts in terms of "last trade" records.
During the week February 25 to March 1, almost daily manipulation attempts were made to dupe the impatient to sell - an obviously fake 125K undercut ask at .2000 (sometimes cancelled when the hit for 500 shares - accompanied by the usual nonsense paint downs - as small a 1 share - at .1000. These illegal activities are likely to attract the attention of FINRA regulation compliance departments at brokers.
During the week March 4-8, there was the odd manipulation attempt again with a large fake ask of 125K at .2000 on occasion along with paint downs either bought by hidden bids at .1500 or the visible bid at .1000.
During the weeks March 11-15 and March 18-22, there were intermittent attempts to dupe the impatient to sell in the .1000 to .2000 range with the use of a fake stacked ask of 125K at .2000. It was removed after some buys at .1995 and .2000.
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): 320,744 [only 5,327 since Sep 12]
Bought in . 10505 > .1499 Range: 87,706 [only 2,291 since Nov 25]
Bought in .1500 > .1999 Range: 114,461 [only 29,518 since Nov 25]
Bought in .2000 > .2499 Range: 107,747 [only 17,944 since Oct 12]
Bought in .2500 > .2999 Range: 130,604 [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.
As disclosed in the 2018 Q3 filing, the Company's main asset is an "Available for Sale Security".
On September 17, 2018, a contribution of 20,000,000 common shares of Marijuana Company of America, Inc. was made to the Company.
The shares were valued at $600,000 on this date and resulted in an increase in Additional Paid in Capital.
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.
On November 12, 2018, the Company entered into an Asset Purchase Agreement with Affordable Rapid Housing, Inc., a Florida corporation (“ARH”). The Company acquired all right, title and interest to certain intellectual properties including possible trademarks, works for hire, trade secrets and related information generally associated with the building, construction and manufacturing trades, methodologies and processes.
The conveyance, assignment, sale, transfer, delivery and grant of the purchased assets by ARH to the Company included all technologies, methods, formulations, databases, trade secrets, knowhow, inventions, complete and incomplete research and development, work in progress, and other intellectual property in any manner related to the purchased assets.
The Company also acquired all records, manuals and other documents relating to or used in connection with the purchased assets, including all information, files, records, data, plans, and contracts and recorded knowledge in whatever form.
Ahead watch out for:
- More buying in the .2000 > .6000 range ahead of the first PR / update from the new company.
- Update to the Verified Company Profile by the TA soon after March 31, 2019.
- 2018 Annual Report.
- First formal PR - particularly an update on the completion of the acquisition of Affordable Rapid Housing, Inc.
- 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.
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"Per Ardua Ad Astra" - "Through Adversity To The Stars"
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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