$ECOX Rolling Brief - Updated October 6, 2019. Ext
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Posted On: 10/06/2019 3:28:20 PM
$ECOX Rolling Brief - Updated October 6, 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 (see below) - was filed on November 19, 2018.
The 2018 Annual Report, 2019 Q1 Report and 2019 Q2 Report were all filed on September 26, 2019.
The Attorney Opinion Letter was filed on September 28, 2019.
$ECOX has now been upgraded to OTC Current.
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.
Florida SOS Annual Report filed April 18, 2019:
Executive Assistant - Shari McAuley - hired and Company Profile at otcmarkets.com updated week ending December 14, 2018 .
Consultant - Robert L Hymers III - hired and Company Profile at otcmarkets.com noted updated on April 29, 2019.
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.
Wholly owned subsidiary ""Steel Hemp Homes Inc" formed in CA on August 19, 2019 [referred to as a "Subsequent Event" in 2019 Q2].
Company Profile completely revised on / around October 4, 2019 to now read [posted here in full with major new items in bold]:
"The Company is an innovation incubator platform devoted to globally important paradigm shifts in technology, sustainable products development, and research, will initially re introduce a more affordable, fire, hurricane and earthquake resilient steel framing system. ECO Innovation Group (ECOi) is in the process of finalizing negotiations pertaining to the development of a Eco Hemp Village in Santa Barbara, California. Ecoi intends to scale to address the global affordable housing crisis. "
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 30, 2019:
Authorized Shares: 2,100,000,000 [no change]
Outstanding Shares: 4,830,680 [no change]
Restricted: 3,208,800 [no change]
Unrestricted: 1,621,880 [no change]
Held At DTC: 1,441,009 [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 October 30, 2019.
The predecessor company was the highest banked profit stock for those that traded it correctly in 2017 due to its thin share structure and being a relatively little known stock "under the radar" usually sitting on a wide bid /ask spread moving up in large bounds when the ask is hit.
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 28 Aug 18 and since 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 28 Aug 18 and with additional buys in the .1 > .2 range on 31 Aug 18 and thereafter.
As predicted in the Rolling Brief Update of 12 Sep 18, we did indeed see "more buying in the .1 > .2 range - particularly from those that held off buying .0001s on 28 Aug 18 or .1000 > .1650 after that".
The only shares that have been available to buy below .1 have been a total of 35,014 accumulated from insignificant basher / manipulator attempts at paint downs over the last 13 months.
The stock effectively remained above the .1 r/s par for the 15 days since trading recommenced until it broke out above .15 on 21 Sep 18 with significant buys at .2.
On the next trading day 24 Sep 18, 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 24 Oct 18 with significant buying in the .3000 to .3275 range through to 2 Nov 18.
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 7-11 Jan 19, we started to see buying at the higher bid levels of .1800 to .1890.
During the week 28 Jan - 1 Feb 19, 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 4-8 Feb 19, 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 9 Feb 19. 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 - broker account suspension with all assets sold as a market order through bids].
During the week 11-15 Feb 19, 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 19-22 Feb 19, 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 25 Feb - 1 Mar 19, 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 4-8 Mar 19, 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 11-15 Mar 19 and 18-22 Mar 19, 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.
During the week 25-28 Mar 19, there were more 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 - there were no paint downs.
A similar pattern of the previously reported manipulation attempts continued throughout Apr 2019 - with occasional small paint down attempts of as little as 1 share being bought at .1000 by at least 2 back stop bidders - as reported in the daily summaries when relevant.
Throughout Feb > Apr 2019, low volume manipulation attempts were evident - using an artificially low stacked ask at .1900/.2000 and small paint downs - often as little as 1 share at a time - bought by bidders at .1000.
During May > Jun 2019, manipulation paint down attempts were made by a scammer with as little as 1 share at shorted prices in the .0015 to .0055 range - despite an extant invisible bid being maintained at .1000. No significant trader was duped to sell. 3,469 shares were bought by bidders at .1000 from the almost daily small paint downs from scammers over several weeks. Thereafter, several traders were observed bidding just under .1000.
On 1 Jul 19, we saw a 2,000 share buy against the artificially low ask put up by a scammer at .1000.
On 4 Sep 19, we saw a 15,821 buy taking out the artificially low ask put up either by the iHub scammer or an impatient person selling for a loss.
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 .
Summary of Trading Off The Bottom:
Bought in .0050 > .0700 Range: 16,290 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought in .0701 > .0999 Range: 18,724 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought at .1 (and .0001 pre-r/s): 351,430 [only 41,013 made available since 12 Sep 18 - incl 15,821 buying out ask on 4 Sep 19]
Bought in . 1045 > .1499 Range: 100,487 [only 10,807 made available since 25 Nov 18]
Bought in .1500 > .1999 Range: 114,461 [only 29,518 since 25 Nov 18]
Bought in .2000 > .2499 Range: 107,747 [only 17,944 since 12 Oct 18]
Bought in .2500 > .2999 Range: 130,604 [51,616 18-19 Oct 18]
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 periodic updates on this board on any day that trading takes place.
$ECOX should be extremely 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).
Not long after the r/s, I made an analysis of how thin $ECOX is expected to be to the upside - not much has changed since - I don't intend to update it until we have had any significant change in the shares bought in the .1400 > .3000 range. It may be found here [will be thinner now due to the shares expended on paint downs but now bought by longs looking for .3 > .6]:
https://investorshangout.com/post/view?id=5216669
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 .1000 > .6000 range ahead of the first PR / update from the new company.
- Update to the Verified Company Profile by the TA soon after October 30, 2019.
- An update on the completion of the acquisition of "Affordable Rapid Housing, Inc".
- An announcement / PR on the creation of the wholly owned subsidiary "Steel Hemp Homes Inc".
- An announcement / PR on the development of a Eco Hemp Village in Santa Barbara, CA.
- 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.
- Any additional updates to the Company Profile at otcmarkets.com
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 (see below) - was filed on November 19, 2018.
The 2018 Annual Report, 2019 Q1 Report and 2019 Q2 Report were all filed on September 26, 2019.
The Attorney Opinion Letter was filed on September 28, 2019.
$ECOX has now been upgraded to OTC Current.
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.
Florida SOS Annual Report filed April 18, 2019:
Executive Assistant - Shari McAuley - hired and Company Profile at otcmarkets.com updated week ending December 14, 2018 .
Consultant - Robert L Hymers III - hired and Company Profile at otcmarkets.com noted updated on April 29, 2019.
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.
Wholly owned subsidiary ""Steel Hemp Homes Inc" formed in CA on August 19, 2019 [referred to as a "Subsequent Event" in 2019 Q2].
Company Profile completely revised on / around October 4, 2019 to now read [posted here in full with major new items in bold]:
"The Company is an innovation incubator platform devoted to globally important paradigm shifts in technology, sustainable products development, and research, will initially re introduce a more affordable, fire, hurricane and earthquake resilient steel framing system. ECO Innovation Group (ECOi) is in the process of finalizing negotiations pertaining to the development of a Eco Hemp Village in Santa Barbara, California. Ecoi intends to scale to address the global affordable housing crisis. "
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 30, 2019:
Authorized Shares: 2,100,000,000 [no change]
Outstanding Shares: 4,830,680 [no change]
Restricted: 3,208,800 [no change]
Unrestricted: 1,621,880 [no change]
Held At DTC: 1,441,009 [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 October 30, 2019.
The predecessor company was the highest banked profit stock for those that traded it correctly in 2017 due to its thin share structure and being a relatively little known stock "under the radar" usually sitting on a wide bid /ask spread moving up in large bounds when the ask is hit.
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 28 Aug 18 and since 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 28 Aug 18 and with additional buys in the .1 > .2 range on 31 Aug 18 and thereafter.
As predicted in the Rolling Brief Update of 12 Sep 18, we did indeed see "more buying in the .1 > .2 range - particularly from those that held off buying .0001s on 28 Aug 18 or .1000 > .1650 after that".
The only shares that have been available to buy below .1 have been a total of 35,014 accumulated from insignificant basher / manipulator attempts at paint downs over the last 13 months.
The stock effectively remained above the .1 r/s par for the 15 days since trading recommenced until it broke out above .15 on 21 Sep 18 with significant buys at .2.
On the next trading day 24 Sep 18, 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 24 Oct 18 with significant buying in the .3000 to .3275 range through to 2 Nov 18.
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 7-11 Jan 19, we started to see buying at the higher bid levels of .1800 to .1890.
During the week 28 Jan - 1 Feb 19, 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 4-8 Feb 19, 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 9 Feb 19. 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 - broker account suspension with all assets sold as a market order through bids].
During the week 11-15 Feb 19, 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 19-22 Feb 19, 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 25 Feb - 1 Mar 19, 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 4-8 Mar 19, 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 11-15 Mar 19 and 18-22 Mar 19, 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.
During the week 25-28 Mar 19, there were more 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 - there were no paint downs.
A similar pattern of the previously reported manipulation attempts continued throughout Apr 2019 - with occasional small paint down attempts of as little as 1 share being bought at .1000 by at least 2 back stop bidders - as reported in the daily summaries when relevant.
Throughout Feb > Apr 2019, low volume manipulation attempts were evident - using an artificially low stacked ask at .1900/.2000 and small paint downs - often as little as 1 share at a time - bought by bidders at .1000.
During May > Jun 2019, manipulation paint down attempts were made by a scammer with as little as 1 share at shorted prices in the .0015 to .0055 range - despite an extant invisible bid being maintained at .1000. No significant trader was duped to sell. 3,469 shares were bought by bidders at .1000 from the almost daily small paint downs from scammers over several weeks. Thereafter, several traders were observed bidding just under .1000.
On 1 Jul 19, we saw a 2,000 share buy against the artificially low ask put up by a scammer at .1000.
On 4 Sep 19, we saw a 15,821 buy taking out the artificially low ask put up either by the iHub scammer or an impatient person selling for a loss.
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 .
Summary of Trading Off The Bottom:
Bought in .0050 > .0700 Range: 16,290 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought in .0701 > .0999 Range: 18,724 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought at .1 (and .0001 pre-r/s): 351,430 [only 41,013 made available since 12 Sep 18 - incl 15,821 buying out ask on 4 Sep 19]
Bought in . 1045 > .1499 Range: 100,487 [only 10,807 made available since 25 Nov 18]
Bought in .1500 > .1999 Range: 114,461 [only 29,518 since 25 Nov 18]
Bought in .2000 > .2499 Range: 107,747 [only 17,944 since 12 Oct 18]
Bought in .2500 > .2999 Range: 130,604 [51,616 18-19 Oct 18]
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 periodic updates on this board on any day that trading takes place.
$ECOX should be extremely 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).
Not long after the r/s, I made an analysis of how thin $ECOX is expected to be to the upside - not much has changed since - I don't intend to update it until we have had any significant change in the shares bought in the .1400 > .3000 range. It may be found here [will be thinner now due to the shares expended on paint downs but now bought by longs looking for .3 > .6]:
https://investorshangout.com/post/view?id=5216669
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 .1000 > .6000 range ahead of the first PR / update from the new company.
- Update to the Verified Company Profile by the TA soon after October 30, 2019.
- An update on the completion of the acquisition of "Affordable Rapid Housing, Inc".
- An announcement / PR on the creation of the wholly owned subsidiary "Steel Hemp Homes Inc".
- An announcement / PR on the development of a Eco Hemp Village in Santa Barbara, CA.
- 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.
- Any additional updates to the Company Profile at otcmarkets.com
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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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