El Capitan Precious Metals Inc (ECPN)

[Pan4Au]

Gerogei, the fact that ECPN has not dropped sub-penny like tons of penny stocks do, or that the company has not had to declared BK like lots of small mining companies do, says something. It says that millions of dollars of equipment have been purchasable by the company (someone needed to believe enough in it in order to finance the machinery) and that many purchasers of the stock think there's something commercially viable at the mine.

If this were a total criminal enterprise as you suggest, by now there would be no ECPN. And too many people with good reputations would have to be "in on it", in on something that could put them at risk of criminal prosecution, and as such - I just don't buy this "scam" stuff. Nowadays ignorance is not a defense. Company officials are held responsible for making sure they know what's going on. Fiduciary duty. The real bereaved people here? Those who bought in at over a buck. They must feel like total crap by now. I understand. But they were poor investors. That said, they have had ample opportunity to average down or get out.

And please Georgei, let good people express their opinion freely on a closed company forum. That in no way influences the public at large.