Summary - May 26. A satisfactory status quo day
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Posted On: 05/26/2020 4:29:18 PM
Summary - May 26.
A satisfactory status quo day for $ECOX.
The next visible ask remained - as expected - at .1400.
The top visible bid was still at .0710 - which of course unrealistic.
There were no paint down attempts today.
The first PR from the new company is here:
News - May 13. Eco Innovation Group, Inc. Announces Changes in Executive Leadership, Business Plan.
https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=261885
The new website is also up already too: https://www.ecoig.com/
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.
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.
The next visible ask remained - as expected - at .1400.
The top visible bid was still at .0710 - which of course unrealistic.
There were no paint down attempts today.
The first PR from the new company is here:
News - May 13. Eco Innovation Group, Inc. Announces Changes in Executive Leadership, Business Plan.
https://www.otcmarkets.com/stock/ECOX/news/Ec...?id=261885
The new website is also up already too: https://www.ecoig.com/
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.
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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