Summary - May 12. A satisfactory status quo day
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Posted On: 05/12/2020 4:36:02 PM
Summary - May 12.
A satisfactory status quo day for $ECOX whilst awaiting the first update from Eco-Gen Energy.
There was just one failed paint down attempt with 98 shares - ignored by MMs for "last price" purposes.
Overall, 98 shares were bought today by one of the bidders from the paint down attempt..
This follows 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.
The highest visible bid remained at the unrealistic .0600.
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.
A satisfactory status quo day for $ECOX whilst awaiting the first update from Eco-Gen Energy.
There was just one failed paint down attempt with 98 shares - ignored by MMs for "last price" purposes.
Overall, 98 shares were bought today by one of the bidders from the paint down attempt..
This follows 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.
The highest visible bid remained at the unrealistic .0600.
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.
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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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