El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Git, I think that the dumping is in part ecpn equity share sales to raise money to continue financing the scam. Buyers are the day traders like upstuck candlestick counting on the normal chart pattern with fake news causing newbies to pile in and taking the share price back up above $0.07 in a few weeks or months. The charts scream buy at less than $0.05. Heck of a return. But how much longer can ecpn continue the charade?

Even the fanatic management supporters can't continue to accept or ignore managements continual dilution by selling shares at less than $0.05. These share sales and having 7 tons of concentrates worth $3 million in storage are completely incompatible and provide irrefutable evidence that ol ista's been right all along. Those longnuts hate that worse than losing their money.

It would take selling 60 million $0.05 shares to raise $3 million.