ECGI Holdings Inc (ECGI)

[Potse]

ECGI...CEO resignation, increased my position.....

I picked up some more shares last week at .0147 following CEO John Bentivoglio's resignation. Not sure if I am throwing good money at a bad situation at this point, but decided to increase my position just in case his resignation marks a bottoming out of the stock somewhere around this 1-2 cent area.

The company has not yet provided investors with any explanation/update as to what is going on. Implications for investors could range anywhere from extremely negative to extremely positive.

I can envision some scenarios here where this change in management of ECGI could turn out to be a favorable move for the shareholders. Gary Blom (from Main Street Capital, an Australian financial services firm) has been appointed Director (and interim CEO?). Blom has a lot of connections in the Australian/Asian markets, and I think his firm has represented the Australian investors/people that have been involved with ECGI (including MedPac Asia Pacific, Julie Singleton, etc.)

Assuming the resignation was not health-related, maybe the change in management is something that the Australian parties have been seeking/requesting.

http://mainstreetcapital.com.au/