Summary - May 29. More significant progress tod
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Posted On: 05/29/2020 5:53:39 PM
Summary - May 29.
More significant progress today for $ECOX as reported contemporaneously in earlier posts.
The main points were:
- New, more realistic bidders came in at .0800 and .0900 and had some success in buying the amount they wanted.
- In addition, all paint down attempts were thwarted - being bought by invisible bids higher.
- There were also buys on the ask - including taking out the walked down ask at .1200 - which retreated to .1400 again after only filling 5K shares.
- Multiple new bidders came in at unrealistic levels .0720 > .0770.
Overall, 118,000 shares were bought today - in the .0800 > .1200 range - the majority .0900 up.
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.
More significant progress today for $ECOX as reported contemporaneously in earlier posts.
The main points were:
- New, more realistic bidders came in at .0800 and .0900 and had some success in buying the amount they wanted.
- In addition, all paint down attempts were thwarted - being bought by invisible bids higher.
- There were also buys on the ask - including taking out the walked down ask at .1200 - which retreated to .1400 again after only filling 5K shares.
- Multiple new bidders came in at unrealistic levels .0720 > .0770.
Overall, 118,000 shares were bought today - in the .0800 > .1200 range - the majority .0900 up.
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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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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