$ECOX DD / Rolling Brief - Updated January 5, 2020
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Posted On: 01/05/2020 6:15:36 PM
$ECOX DD / Rolling Brief - Updated January 5, 2020. Extracts From Official Filings & PRs + Analysis From Observations [recent updates / important items in bold].
New President - John English of Palm Beach, FL took over June 2018.
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 Report - 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.
The 2019 Q3 Report was filed on November 18, 2019.
$ECOX has 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."
First PR from the new company on October 10, 2019:
"ECO INNOVATION GROUP Announces LOI for Steel and Hemp Homes Joint Venture in Santa Barbara County"
https://www.otcmarkets.com/stock/ECOX/news/EC...?id=242864
Key points from the PR are summarized here:
https://investorshangout.com/post/view?id=5569564
New SHH website here: www.steelhemphomes.com
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 December 31, 2019:
Authorized Shares: 2,100,000,000 [no change]
Outstanding Shares: 54,830,680 [no change]
Restricted: 53,208,800 [no change]
Unrestricted: 1,621,880 [no change]
Held At DTC: 1,441,009 [no change]
Note: remember it is only the Unrestricted Outstanding Shares count that is relevant to current trading.
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) and in October 2019 presumed to be associated with the Joint Venture with Long Canyon Properties Holdings LLC (TBC in the 2019 Q3 filing).
The next update to the Verified Company Profile can be expected soon after January 31, 2020.
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.
Summary of Trading Off The Bottom:
Bought in .0050 > .0700 Range: 27,115 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000 / .0750]
Bought in .0701 > .0999 Range: 42,979 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought at .1 (and .0001 pre-r/s): 371.930 [only 61,514 made available since 12 Sep 18]
Bought in . 1010 > .1499 Range: 115,162 [only 24,436 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: 107,815 [only 18,012 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
Additional earlier acquisition after company formed:
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 now that progress can be seen and the first PR from the new company came out on October 10, 2019.
- Update to the Verified Company Profile share structure by the TA soon after January 31, 2020.
- Further updates on all aspects mentioned in the first PR dated October 10, 2019 (see detail above)
- 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 took over June 2018.
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 Report - 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.
The 2019 Q3 Report was filed on November 18, 2019.
$ECOX has 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."
First PR from the new company on October 10, 2019:
"ECO INNOVATION GROUP Announces LOI for Steel and Hemp Homes Joint Venture in Santa Barbara County"
https://www.otcmarkets.com/stock/ECOX/news/EC...?id=242864
Key points from the PR are summarized here:
https://investorshangout.com/post/view?id=5569564
New SHH website here: www.steelhemphomes.com
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 December 31, 2019:
Authorized Shares: 2,100,000,000 [no change]
Outstanding Shares: 54,830,680 [no change]
Restricted: 53,208,800 [no change]
Unrestricted: 1,621,880 [no change]
Held At DTC: 1,441,009 [no change]
Note: remember it is only the Unrestricted Outstanding Shares count that is relevant to current trading.
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) and in October 2019 presumed to be associated with the Joint Venture with Long Canyon Properties Holdings LLC (TBC in the 2019 Q3 filing).
The next update to the Verified Company Profile can be expected soon after January 31, 2020.
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.
Summary of Trading Off The Bottom:
Bought in .0050 > .0700 Range: 27,115 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000 / .0750]
Bought in .0701 > .0999 Range: 42,979 [bids filled only by small paint downs over many months - mostly below hidden bid at .1000]
Bought at .1 (and .0001 pre-r/s): 371.930 [only 61,514 made available since 12 Sep 18]
Bought in . 1010 > .1499 Range: 115,162 [only 24,436 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: 107,815 [only 18,012 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
Additional earlier acquisition after company formed:
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 now that progress can be seen and the first PR from the new company came out on October 10, 2019.
- Update to the Verified Company Profile share structure by the TA soon after January 31, 2020.
- Further updates on all aspects mentioned in the first PR dated October 10, 2019 (see detail above)
- 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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