Summary - May 8. More excellent progress today
Post# of 4930
More excellent progress today for $ECOX whilst awaiting the first update from Eco-Gen Energy.
All events were reported in contemporaneous earlier posts - in summary these were in order:
- 14,382 buy set at .0975.
- New unrealistic bids at .0261 / .0262 / .0300.
- Further new unrealistic bid at .0600.
- 500 bought at .0999.
- 1,200 bought at .1000.
- Several asks seen to be cancelled in the .1400 > .2000 range.
- Further 500 bought at .1000.
- 300 bought by more realistic invisible bid at .0800 from a failed paint down attempt that didn't dupe anyone to fill the unrealistic .0600 bid.
Overall, 16,833 shares were bought today - the majority at .0975 > .1000.
This follow on from the action on May 6 where - after months of ineffective small paint downs set at .026 - or shorted below - and at least 2 invisible bidders a little below the .045 artificially low ask - with nobody getting any significant fills - the artificially low ask at .045 that had attempted a loading wall was taken out after the warnings here to remove it were ignored for 5 weeks after the new company became evident.
The first offered price is .1000 - artificially low - with only 5,000 shares.
Unrealistic bids below .0800 are likely to be ignored now.
There was only the one 300 share paint down attempt today.
Buys on the ask would easily get $ECOX into the .2000 > .5000 range - and perhaps most of the way up to $1 - depending how many legacy pre-r/s holders with small amounts at a cost basis .5 / .6 did not sell for a loss over the last 20 months.
A relatively few number of shareholders - less than 5 - are known - by process of elimination - to control a significant proportion of the shares with a cost basis .0500 > .2000.
Within that, very little is held with a cost basis in the .1000 > .2000 range.
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.