Seeking to get people in touch with their human feelings and real needs and desires. www.cnvc.org www.rc.org www.thework.com www.mkp.org
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Shark infested waters? Look at Amelot Holdings (AMHD) as an example of a .0001 stock and compare to ECCI. AMHD has had a bid of 0.0000 for 9 months!!! I could have easily been sucked into AMHD, but thank Love (universal wisdom) I was not...I do not think I am messing with people who hide, do not put out financial statements, and accurate shares outstanding, and are not reachable by phone anymore. I have messed with PSUD, VSUNQ, and ECCI. I think I lost $600 in VSUNQ overall, but in all three I could have lost SIGNIFICANTLY more if I didn't get out when I did. I believe these are shark infested waters.
I was in ECCI from last August (2008) through February (2009) after being sucked in thinking it was a hurricane play...I found it Googling for hurricane stocks. I was mad at myself when I had initially invested $420 and then really mad at myself when I allowed myself to be sucked in last December (2008) on two press releases and increased my position to $4200; 10 x my original investment. My average cost basis after those purchases was 0.00019 including my commissions.
I was pretty pissed off when many of you that were for this company started bashing it (see past posts from December through January); the the stock declined to zero for two months.
Crusader, I am sure you are a great guy and you probably deserve to make a killing on this stock.
I just wish everyone would use their energy much more productively (align and synergize) and have everyone win in our society instead of us all playing these silly games trying to make a buck...isn't that what we are all trying to do...make "mad" money?
If you guys take this to court, please let me know; I will likely make a statement to back your claim.
I urge many of you that post often here and have done your due diligence like I have to chat with me offline...
"if nothing else, it will be difficult to impossible to lose money with a basis of .0001! LOL"
Crusader, those could be "your" famous last words regarding Ecoloclean.
Even though I managed to get out with a very small profit in February overall on all of my shares, I am even happier not to be sitting in this stock feeling helpless and trapped.
The stock market and especially this type of stock is a GAME and the game is both real and psychological.
The only reason this stock went up is because new blood came into the stock...how that occurred, I do not know.
I am convinced trading companies like this are speculation; as close as one can get to gambling without the stigma of being a gambling addict.
The psychology is those who want to make a "killing" are often "killed" financially and consequently emotionally.
IMJ, as a human being, we are each trying to survive and ideally thrive... how effectively we utilize money to build our interpersonal relationships, our home, and making a real difference with others is what really matters. Many here have money to burn and many do not IMJ; I do not. Thus, why I got out. www.mkp.org and www.cnvc.org and www.thework.com if you want to open your eyes to new ways of being and connecting
Ecoloclean stock and those manipulating its value intentionally and unintentionally (up and down) taught me the true value of $4200; I allowed myself to be sucked in from $420 initially to a total of $4200; I judge that I allowed myself to be manipulated into this with very vague promising press releases.
Crusader, how have you not lost money if there are no future buyers for this stock to have a bid price?
A bid price of zero means the company is valued as worthless IMJ.
Crusadre, 1flaguy, mustangny, co-pilot, others, you may all talk to me offline at Yahoo IM: catalystoftransformation
Facts are in the filings at www.pinksheets.com:
I learned the hard way; after buying this shadowy piece of sh*t. impulsively! Sound familiar to anyone here?
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556
For factual info. showing exorbitant outrageous salaries in my opinion (IMO):
Remember these financial statements are almost 3 years old...
See page 6 expecially!!!
See Related party transactions Note 5 on page 11
See Going Concern Notice on page 10
Read pages 14, 16, 17 carefully...
Read other financial statements preceding this about Royis' reverse split clause that protects him and anyone else that he deems to get preferred shares from their shares being reduced in a reverse split.
I believe the older financials show how he is paid both as a officer and as CEO. I believe much is concealed (obscured and skewed) and by not showing annualized figures; if I am right, this could be intentional manipulation of hiding financial facts about managements salaries. I did not managements salaries made explicitly (openly) known. Transparency? Shadow?
Page 6 is SIX MONTH financial statements (ONLY);
Page 5 is 3 month statements (ONLY);
I saw no annual salary figures in these documents.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 10-QSB
June 30, 2006 (almost 3 years old!!!)
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=ECCI#getFilings
I bailed prematurely with a slight profit in February because my intense research indicated to me that management's hidden strategy (shadow) was to bleed common shareholders by stating large salaries and deferring those salaries to later be converted in to preferred or common shares. I still do not know if they can pay their salaries to themselves in preferred shares.
Here is factual proof of their at least $500,000 in annualized overhead from June 30, 2006:
"Financial Considerations
Currently, there are insufficient revenues and resources to offset annual operating overhead, which is now projected to be approximately $500,000. Until the Company obtains the amount of working capital required to meet its continuing operating overhead, it will be necessary to call upon the investment community and/or the Company's officers and others associated with the Company for financial assistance.
-14-"
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556
I personally believe the company is NOT operating full time and by that I mean I believe that at any given moment someone in management is off work doing non-Ecoloclean activities.
"This action was for preparation of necessary financial statements."
See the...Monday 03/30/2009 11:51 AM ET - GlobeNewswire
The Regular Meeting of the Crystal City City Council meeting of March 24, 2009 has been rescheduled for April 21, 2009. This action was for preparation of necessary financial statements.
This means they do need financial statements in order to apply...you always have to read between the lines with these tricksters...Jungian magician dark shadow (bi-polar perpetrators/ innocent denying one's (victims) dark shadows)...see King, Warrior, Magician, Lover by Moore and Gillette. Educate yourself BEFORE you spew your condemning judgments (hate) toward me...that behavior is immature and the perpetrator shadow within you. Their books shows how to spot shadow and are used heavily within The ManKind Project.
How are they coming up with adequate fin. statements by April 20th for their April 21st meeting...that is in 21 days from this last press release, less than 3 weeks!!! How are they paying for those fin. statements? More dilution of shares?
Even if they do magically produce financial statements they are likely to be unaudited and they will likely look atrocious...at least everyone will see how much they have listed in deferred salaries; I am willing to bet they will still keep shares outstanding a mystery unless forced otherwise.
Who here believes they will get these financial statements prepared by April 20th, in time for their meeting? Who here thinks these financial statements will allow them to qualify for any economic green-zone funding? Who here thinks a decision will be made on Ecoloclean on April 21st whether they get funding? I believe nothing will happen and this will be shelved indefinitely at best.
My intent is to shine truth (facts) know matter how hard it is to look at. Search for the truth and you will find it...just stay with the facts...not maybe's, not promises...look at the hard data...www.pinksheets.com and observe carefully...look at everything...
tkcomputer9999, thank you for your honesty. "Speculators" in ECCI, I know the truth hurts; I allowed myself to be suckered in on several "positive" (skewed) press releases in the past and bailed when the stock spiked over a month ago.
tkcomputer9999, from the link you provided I estimate they probably have an estimated 3.30 billion shares outstanding before any remaining deferred employee and officer salaries existing on their balance sheet...see past balance sheets at www.pinksheets.com
The 3,000,000,000 are outstanding common shares and the 10,000,000 are preferred shares each convertible into 30 common shares...30 x 10,000,000 = 300,000,000 common shares, thus I get 3.30 billion shares outstanding, not incl. undisclosed deferred employee and officer salaries. Personally, I believe the real number of shares outstanding can easily double to 6,000,000,000 (6 billion) shares by year end 2009. If they do a reverse split, I believe matters will be far worse assuming they can legally protect their shares from non-dilution and who is to stop them at this point; no one is policing them.
Remember, they are hiding their true shares outstanding on purpose IMO...not to mention they cannot afford to get even unaudited financial statements made.
This is purely a hot-potato all hype and no show stock...I would pass it on before you get first-degree burns. I almost did...and boy was that potato sizzling...this stock will be trading with no bid within days IMO. The technicals alone are negative from what I can see.
My judgment is that they are "depending" on these economic zone green funds to save them from ceasing operations as a going concern...how can they possibly get them without audited financial statements? They don't even have unaudited financial statements. How could they possibly get these funds?
HIDDEN SEVERE DILUTION of the common shareholder is HIGHLY LIKELY and coming...it is simply hidden in deferred salaries (a huge liability)...someone, anyone, please prove to me how this stock will not be issuing BILLIONS of shares to compensate management and employees for their time and effort! If they have been running at at least $500,000 a year in employee and officer salaries annually and you divide that by a generous .0002 per share that equals a dilution of 2,500,000,000 (2.5 billion) shares annually! At only .0001 per share this doubles to 5,000,000,000 (5 billion) shares annually. Far worse yet, if they are given preferred shares, those preferred shares are not subject to a reverse split, thus giving insiders much more of the pie (I don't even know how that can be legal?).
How are salaries being paid? In the past deferred salaries have been paid in stock...I would not be surprised at all if the real shares outstanding increase to at least 5 billion shares as of 12/31/2008...but this is likely being hidden in deferred salaries...and they have no financials to reveal this...see www.pinksheets.com and see the old financials...if I am right, and this means they are printing stock, then shareholder dilution at this scale is an enormous inflationary pressure that automatically reduces the value of the common shareholder. In essence, the common shares become almost worthless because of their printing of new shares at their sole control. Google Zimbabwe, Africa inflation rate and you will see rates of 231 MILLION% inflation...really!!!
231 million per cent inflation: Zimbabwe dumps currency
http://www.smh.com.au/news/world/231000000-inflation-zim-dollar-dumped/2009/01/30/1232818687057.html
http://www.google.com/search?q=zimbabwe+inflation&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a
The Zimbabwe government simply printed money like monopoly money...really!!! They know this and thus, why they will be issuing preferred shares to themselves, and then at a later time they will do a reverse split that assures them no dilution of their existing shares while common shareholders are very likely financially raped.
CaliFla, insults are emotionally immature, petty, heartless, and lack any meaning for serious members here.
www.mkp.org
"Own your shadow or it will own you." (Your ego is about attack...fear...shadow warrior (sadist) and magician archetype (trickster/manipulator).
Those who lashout at others lash out at themselves...perpetrator/victim shadow of the magician quadrant
Attacks on this board are unacceptable.
www.cnvc.org
Califla, I am guessing you are feeling angry and afraid because you have a desire to make a profit on your shares and that you feel afraid when posts could persuade naive speculators to avoid buying shares. Is this true?
You are bigger than egoic insults...look in the mirror and say "Are you off your meds?" there...that would be more accurate.
Michael Biddick can be officially ruled out...he said that he found out from Adams that WET is still owned by Ecoloclean...when I called World Environmental Technologies (WET) about a month or two ago within the Chicago metro area they had never heard of Ecoloclean. That scared me...I tried to force myself to believe that WET (W.E.T. in Chicago) still exists based on Michael's words...I have no solid evidence of anything Ecoloclean actually owns. I have no idea what Ecoloclean actually still owns.
Michael, although very nice, only told me over several months that Ecoloclean was definitely still in business and that they still owned WET.
I do not see him as well-informed...and I do not believe that he is being paid by the company...I am not sure what value he gets out of being IR for Ecoloclean...you may want to ask him why he even takes calls.
Fool me once, shame on you; fool me twice, shame on me.
What proof and what details are provided about this hi-temp plasma system? Or is this the latest dangling carrot to chase after like a fake rabbit moving around a dog track. Is management putting their money where their mouth is?
What problems does it resolve?
The CEO's and/or the COO's lack of providing those specific details is irresponsible to investors (speculators) in my judgment (IMJ).
Is management covering their ass against committing fraud? Remember while they "may" have no money that can be easily be taken from them, they still don't want to be taken to a court of law and sent to jail for intentionally misleading "investors" (speculators).
The behavior of many of these sub-penny and penny stock CEO's and upper management are filled with ego (shadow)...the part of our unconscious that we hide, repress, and deny...dark magician shadow is trickster energy...this means being a con-artist...being seductive...being manipulative...being slippery...being unaccountable for their promises in that they are NEVER ever held accountable for their words not being congruent with their lack of action. Trust is founded on a person's words and actions being congruent...meaning they match.
Those that manipulate will be manipulated and vice-versa...own your own shadow or your own shadow and those of others will own (control) you. Do you like being their puppet that reacts the way they want you to react?
Come hear puppet boy? For fun google and watch Jeff Dunham on You Tube and see if you like being a puppet...you will likely thank me...watch peanut, ichbad, walter, bubba jay...then come back here and tell me if you feel stupid or not?
Facts vs. Shadow...shadow is what I hide, repress, and deny that I do not want other people to see...the shadow magician archetype is about toxic shame and perpetration...a trickster...a con-artist...seductive manipulation
If it sounds too good to be true, it probably is.
Do you smell b.s??? Exaggeration?
I used to own 21,000,000 shares.
I started out owning 600,000 shares at .0007 per share buying impulsively on a high volume day thinking this was a hurricane play...it wasn't even close to a hurricane play...all past hype b.s.
In December 2008, I increased my holdings at .0003 to 9,000,000 shares based on a positive press release talking about positive test results on their E-C machines; this was after telling a guy a few months earlier what a piece of sh$t company this was financially (in dark shadow - shadow is what I hide, repress, and deny that I do not want other people to see...the shadow magician archetype is about toxic shame and perpetration...a trickster...a con-artist...seductive manipulation)...then the stock went to .0001 per share and had a news release about the chemist they hired and I bought 12,000,000 more shares at .0001 per share for a total of 21,000,000 and I had effectively reduced my cost per share to about .00019 per share...then hell occurred...the stock flat lined for two whole months...this means there was no bid and it was asking .0001 per share.
I felt like a moron after initially investing $420 and by the time I was done I had invested $4,190 in this shadowy - manipulative - company...I felt completely ashamed (dumb/stupid) being sucked/ manipulated into this by press releases.
For TWO WHOLE MONTHS I thought I had lost everything. I came to learn the value of $4,190 and that is why I bailed when I had a small profit at .0002 a SHARE...AND 850,000 of my shares sold at .0003 per share which was unexpected at a limit of .0002 per share...I almost panicked not knowing when I dumped 15,000,000 shares that I caused the bid to fall to .0001 and that is what caused me to dump my remaining 6,000,000 shares...I thought it was going back to a .0000 bid; I had no idea new people were jumping into this.
The reason I am so negative is how much management is paying themselves in shares and Royis preferred share clause that guarantees his shares are never diluted at the expense of common shareholders. Any smart manager there will want the preferred shares because they can not be diluted if they do a reverse split...
I believe that will do a reverse split because that gives them more control of the company WHEN they have positive news and suck new investors in...they won't likely do the split until they have positive news first.
I challenge each of you to be as honest as I have been here...be real...speak your truth...speak facts.
Yahoo IM: catalystoftransformation
Technically played...how many shares do you own?
What is at risk to share how many shares you own?
I own zero shares. I am happy to be out of this nightmare that I initially bought into as a hurricane "play". "Play" means gambling and I was in denial that I was gambling and allowing myself to get sucked in on "positive" press releases...I had no idea traders would run this up as much as it recently ran after many negative comments for two months on this board...then, I researched much more and found more negatives such as the share count likely hitting 3 billion because of deferred salaries and board of director compensations...sounds like a legal loophole they have exploited...I don't see management as playing "fair" here...I believe there are many things they "could" do to show they care about shareholders...I think they have animosity toward shareholders like many penny stock CEO's do who blame their shareholders vs. blaming their own irresponsible behavior.
I now believe that most penny stocks, stocks under a $1.00 per share, far too often have CEO's that have narcissistic (me, me, me, me, me) personality traits where they have little to no ability to empathize with their shareholders. Google narcissism and especially, Narcissistic personality disorder...it is an eye opener! When one has their emotional needs neglected for too long or too much in childhood, many times they turn to being self-focused and overly self-involved...meaning they only care about their own interests and no one else...people are used instead of acknowledged.
I would like to get to know several of you offline...
catalysoftransformation@yahoo.com
Yahoo IM: catalystoftransformation
What percentage of your entire investment portfolio do you have in this stock?
I have 0% in this stock...although I am over 100% invested in stocks on some margin, right now...I have been trying to catch falling knives...they almost always go lower if I don't give them several days to settle or wait, at least, for some guidance from management.
ECCI was manipulated as a technical play in my firm opinion...I see pack and herd mentality from this message board...sounds like many of you know each other.
catalystoftransformation@yahoo.com
Yes, I think it has bottomed back out again and is now headed up.
Here we go...
The stimulus plan will likely fuel this as funds are coming for their wind structures for years and years to come...it is kind of like getting in line to get good tickets to a show...
People will be jumping to get in line first very soon IMO.
Occam's razor...the simplest explanation tends to be right one.
I feel sorry for the new investors here that are being sucked into this quick riches scheme...vicious trap...yikes...
Apocalypse, restore my post..I am sure you can un-bold things if that is what is so upsetting for you...you had no right to delete my post(s) that warn of the real dangers of this company and the obvious manipulation going on here...
Wow...you have deleted my posts because they don't fit with your manipulation of this stock...I was burnt by those of you that bashed this to .0001 in December...
Fat cats are manipulating this stock... I believe this is a house of cards...watch out for the cheater...watch out for the fool harty clown...they are going to build you up just to let you down.
Where did all these new traders/ investors come from?
Fat cats on this board must be pumping this stock up IMJ.
There is a person or people on this board who is/ are supporting this stock so they can milk this stock for everything they can get out of it...I am not so sure they know anything more than the rest of us, unless they are insiders manipulating the stock price intentionally, which is possible...there is a lot of fraud in penny stocks...this momentum is manipulative technical trading and manipulation IMJ, nothing more. There are new people on here...where did they come from and why?
Why when I was saying this could go to .01 per share a 100 bagger did people say i was dreaming and now people actually think this could go into the pennies...the only way this stock goes up is if newbies are sucked in without doing their due diligence (DD)...
Two months ago everyone said the company itself was raising cash at a mere .0001 per share...how on earth if this company has close to 3 BILLION shares outstanding is this company worth a market cap of .0007 x 3 BILLION shares or $2,100,000...that is ridiculous...even if they only have only 1 billion outstanding you guys are valuing this company at $700,000; that is even ridiculous...irrational exuberance...wow!!!
The math is pretty simple. And, those earnings estimates are ridiculous because they do not take into account the exorbitant salaries of management, director salaries, and operating expenses among other deferred compensation liabilities in the hundreds of thousands.
Are you kidding me? How does a stock trade with no bid for two months magically come back to life...this is a manipulation so management can bail ship before a negative press release comes or leaks out. I don't trust any of this nonsense. I hope the nicer people on this board bail and get their money out before its too late. If it looks like a duck and quacks like a duck, its a duck...don't be a sucker.
ECCI is a hot microwaved potato - I couldn't wait to get out after doing my due diligence over the past two months...I felt like a sucker and never thought I would get an opportunity to get out of this stock...whoever bought initially in volume is manipulating this stock upward IMO and the lemmings are following him to jump off a cliff...I don't trust that that person will not bail very soon.
I am not religious...I am spiritual...real love is higher consciousness...wisdom...
My wisdom told me that a lack of transparency means shadow and shadow is ego (fear) and ego lies, do you remember Golam in Lord of the Rings; I see management as completely uninterested and wreckless with past shareholders over the past several years...this tells me that I can not trust them.
I became willing to listen to many of you on here that were bashing this stock in droves over the past two months...and then I dug deeper into the financials (SEC) documents on pinksheets.com and then into the equipment itself. At first, I was excited because I learned that they bought their patent, however, I learned at the same time that all kinds of SALT in the shale is likely a key problem with their machines working effectively and obtaining a income-producing contract.
Moreover, I never found out any info. on how their machine handle salt...if these machines cannot handle salt, how can they work effectively and the water be recycled enough to be used again in the shale...
I am astounded by whoever is driving and holding the price steady...I think collectively all of you or "someone" is creating an illusion of support to this stock (might be as simple as new blood in the stock...a transfusion of new energy pumping it back up until "the next reality check")...I think this is a buy the rumor, sell the fumes set up for MORE heartache...I don't get it...there is not enough buying to convince me of anything substantial here.
Massive share dilution and a reverse split are definite possibilities coming very soon (within six months) IMO...they are going to go VERY close to three billion shares issued and in order to pay Royis, Adams, the new guy, and anyone else past deferred salaries over the past few years. I predict Royis has already set up a "legally justified advantage" a.k.a. a scam as he is going to do a reverse split and keep and his preferred shares that will be convertible into 30,000,000 shares AFTER they do a massive reverse split first, then he will justify it legally, and/or based on unpaid compensation or loans due him, if he needs to IMO. They may even start issuing all officers and employees this new preferred stock Royis owns to protect all of management from dilution while the common shareholder gets severely burned.
The scam in my opinion (IMO)is to bleed shareholders through exorbitant officer salaries and SGA expenses (their salaries)...I think they will issue more preferred shares with the same clause to protect at least Royis, if not all of management.
ITEM 10. Executive Compensation
The following sets forth the compensation of the officers of the Company in the year ended December 31, 2005.
Summary Compensation.
The following table sets forth the compensation paid by the Company during fiscal year 2005 to its officers. This information includes the dollar value of base salaries, bonus awards and number of stock options granted, and certain other compensation, if any.
Table 1.
Securities
Underlying
Name and Position Year Salary Bonus Options/SARs
Royis Ward 2005 $120,000(1) -0- 1,000,000
Director, President
Michael Ward 2005 -0- -0- 1,000,000
Sec/Treas., Director
Notes:
(1) As of December 31, 2005, the cumulative amount of unpaid officer salary was $437,500 and is included in accounts payable and accrued expenses of our financial statements.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4417838
Nine Months Ended
September 30, 2005 September 30, 2004
Officer's Salary 90,000 90,000
Selling, General and Administrative 904,772 1,389,016
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4035039
CERTIFICATE OF DESIGNATION
(Pursuant to NRS 78.1955)
Certificate of Designation Form Nevada Profit Corporations (Pursuant to NRS 78.1955
1. Name of Corporation: Ecoloclean Industries, Inc.
2. By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.
RESOLVED: That the Company is authorized issue One Million (1,000,000) Shares of 2007 Series A Preferred Shares with each preferred share having One Hundred
(100) votes per share at any meeting of the shareholders where votes are submitted and will be convertible into common shares
Thirty (30) shares of Common Stock for each (1) share of Preferred stock at the election of the holder. The common shares, into which the Series "A" Preferred shares are convertible, will not be subject to any future reduction in the number underlying common shares into which these preferred shares are convertible by virtue of any reverse stock splits or recapitalizations.
3. Effective date of filing: March 1, 2007
4. Officer Signature:
/s/ Royis Ward
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5006053
Outrageous management salaries in the hundreds of thousands... There are now possibly millions of dollars in past due salaries and potentially enormous future share dilution as a result to pay those "deferred" salaries is the perimary reason why I sold all of my shares, despite not knowing the actual shares outstanding and the awful 30 million share clause that Royis gets to keep all 30 million shares (the actual conversion of his preferred holdings) even if they do a massive reverse split.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5006053
"Each 2007 Series "A" Preferred Share will have One Hundred (100) votes per share at any meeting of the shareholders where votes are submitted and will be convertible into a total of common shares Thirty (30) shares of Common Stock for each (1) share of Preferred stock at the election of the holder. The common shares, into which the Series "A" Preferred shares are convertible, will not be subject to any future reduction in the number underlying common shares into which these preferred shares are convertible by virtue of any reverse stock splits or recapitalizations."
2006 and 2005 - Officer's Salary -
What officer? Royis? Who???
in 2006 -52,500 in 2005 - 30,000
3 month Selling, general, and adminsitrative costs for ONLY 3 months in 2006 and 2005 were:
Selling, General and Administrative
in 2006 - $363,393 in 2005 - $326,340
I am beyond dumbfounded...two press releases couldn't keep this stock up above .0001 per share and now out of nowhere two months later after the stock sold for ZERO (0.0000) a share and many days no one would buy the stock it is selling at .0004 and as high as .0006 in the past few days...WOW!!!
What happens when you call the company directly? My experience is that the phone just rings and rings. I have never been given any useful info. from Michael Biddick other than they still own WET and that they are definitely still in business. the website is basically useless IMO.
No transparency = shadow = ego = distortion of facts = distrust
Massive share dilution and a reverse split is coming IMO...
WOW...Where did all of you come from?
All of you "new" people...
How did you hear about Ecoloclean (ECCI)? Who told you about it? Anyone from this web page? Did most of you learn of this company once you saw the volume and/ or price gain on Investor Hub (IH) or another website? If so, which website?
How does anyone know any news is coming out? Do we have an insider among us?
Does anyone have anything verifiable to report with a link?
This is one of the most absurb stocks I have ever witnessed or traded beyond VSUNQ, PSUN, and UPCO.
Who is supporting this stock?
I am amazed!
Why was the bid .0003 and the ask .0004 and no volume minutes after the open then about 1,000,000 shares traded at .0003 before the bid went back down to .0002? Was the opening bid manipulation of some type? I believe someone did buy 1,000,000 shares at .0003
and I know others did yesterday...who is buying at that level and at .0002?
Who is buying up these shares?
Who started all that volume yesterday?
1flaguy, people, the website is not down; it is back up...I see no changes to it though. http://www.ecoloclean.com/
I haven't called the main phone number in about three weeks...I could never get through...it just rang and rang...no answering machine...I am almost positive it was just left ringing and that something was hooked up to their main office number. Who really knows? UGH!
.0004 was the high today, the ibox chart is not reflecting it
My brokers screen shows for a fact that the stock traded as high as .0004 per share. I know shares traded at .0003 per share.
Who do you think the buyers are?
What news, if any, do you think is coming out?
Pretty incredible day...
I feel happy...
: )
World Environmental Technologies (WET)??? Trust???
What is happening with World Environmental Technologies (WET) that Ecoloclean fully owns? Why does the Ecoloclean website (that is now back up) not reflect their ownership of WET? Why does management still have very outdated info. on the website?
Is management so narcissistic (selfish, self-absorbed, disregarding, oblivious, arrogant, uncaring, or unempathetic to honoring and hearing (validating and acknowledging) our feelings and needs as shareholders) that they refuse to honor shareholders and ultimately their own shareholder value since management "is" the largest shareholder(s)?
What "is" management willing to confirm and state as fact (hard reliable data) and what prevents them from disclosing these facts besides the emotional and financial neglect of shareholders?
Since there is no shortage of polluted water, why not license out the technology they have "that does work" to others...it doesn't have to eliminate all contaminants...just enough for whatever the use of that water is and cost-effectively.
Are they thinking in infinite possibilities for recycling water or are they thinking in all or none, black and white thinking, "stinking thinking"? What "is" the problem and are they being honest with themselves about those issues and tackling those issues head-on? For me, instilling trust is everything.
Please tell Michael Biddick that we want management to instill trust in shareholders and especially their potential customers.
Michael Biddick
Contact for Investor Relations
Phone: 858-245-5848
michael.biddick@gmail.com
Michael did tell me we still own WET.
Has anyone gotten through to Ward or Adams?
Let's share meaningful info. here please...let's work together...
I believe they must merge with a larger company and also license the technology/patents they do have.
Products of Tower Tech, a subsidary of Broadwind Energy (BWEN):
http://www.towertechsystems.com/products.asp
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http://www.broadwindenergy.com/index.asp
http://www.broadwindenergy.com/investors.asp
You can collectively upgrade this Broadwind site with useful facts with their links for verification. Yes we can!
http://www.broadwindenergy.com/press.asp
http://www.towertechsystems.com/about.asp
http://www.towertechsystems.com/facilities.asp
Vision
To become the premier source of comprehensive supply-chain solutions for energy- and infrastructure-related industries in North America.
Values
Passion
We are energized about and devoted to our business.
Honesty
We are truthful and sincere with our investors, our customers and each other.
Teamwork
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Stewardship
Our decision-making will be protection and conservation conscientious.
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We are aggressive and unwavering in our dedication to delivering excellent services, products and returns.
© 2008 Broadwind Energy
47 East Chicago Avenue
Suite 332
Naperville, IL 60540
Ph: (630) 637-0315
Merge with a competitor, especially one that synergizes and compliments your existing resources and technology.
Ecoloclean could:
Obtain water purification contracts
Collect royalties from companies that contract to use their patent
Borrow from management and insiders
Sell non-essential assets
Sell additional shares for capital
Explore niche markets
Merge with a competitor, especially one that compliments and synergizes your resources.
Focus on other profitable water treatment niches
Gain permits from regulatory bodies
Own its organizational and management shadows, the parts of itself that it hides, represses, and denies (a.k.a. ego) that sabotaged its progress up until now.
The good news is:
1. 2006 financial documents show that Ecoloclean bought its E-C patent, thus, it owns its E-C Waterpure technology in full.
2. Ecoloclean owns World Environmental Technologies (WET) in full.
3. There is polluted water everywhere, so there is no shortage of potential business, especially in Texas and Louisana, close to its home base. There are major industrial cities, small and large, all over needing to recycle water.
4. The Southeast experienced a huge drought last year or the year before, thus, water resources are limited and "clean" water is needed. I believe the entire Southwest is in bad shape as well for water resources.
ECCI acquired the "patent" relating to the disinfection and purification of water and related technology.
ECOLOCLEAN INDUSTRIES, INC.
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
JUNE 30, 2006
NOTE 3 - ACQUISITION OF PATENT
On March 23, 2006, the Company acquired all rights, title and interest to a certain "patent" relating to the disinfection and purification of water and related technology. This "patent" had been recorded in the United States Patent and Trademark office on March 12, 2001. The cost of this "patent" is $15,000 on the execution of the agreement (March 23, 2006) and nine monthly payments of $15,000 per month commencing on May 1, 2006 and ending on January 1, 2007. In addition, the Company shall transfer 3,000,000 shares of restricted common stock of Ecoloclean Industries, Inc., to the holder of the patent. As of March 31, 2006, 1,000,000 shares had been issued to the original patent owner and another 2,000,000 shares had been issued and were being held for later release (March 23, 2007) pursuant to the terms and conditions of the "Agreement for Assignment of Patent" dated March 23, 2006. A further condition of this "patent" acquisition requires the Company to pay a royalty to the original patent owner based on the gross sales of products utilizing the patented technology or any component thereof. (I believe that this means any past royalties, not future ones.)
See Page 11 of these June 30, 2006, and December 31, 2005 financial statements below:
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4600556
The good news is that this 2006 purchase of this patent should have released them from any future royalty payments. This is a very substantial positive that has not been highlighted. Doesn't that make sense? Since they own the patent they don't have to pay any future royalties on the use of these machines.
Michael Biddick answered today, "Yes, we still own WET."
"Any questions, Please let me know."
Best Regards,
Michael G. Biddick
6255 Lusk Blvd., Suite 140
San Diego, California 92121
phone: (858) 245-5848
fax: (858) 638-7568
www.modernbrandingsolutions.com
..............................................................
Thank God Ecoloclean still owns World Environmental Technologies (WET)...whew!!! This is good news! See my last post...
http://www.wet-usa.com/
http://www.wet-usa.com/div-WET/wet.htm
http://www.wet-international.com/
http://www.wet-usa.com/div-AIR/AIR.htm
What ever happened to World Environmental Technologies (WET) that Ecoloclean claimed that they owned?
Past Louisiana contract and World Environmental Technologies (WET) What happened with and to World Environmental Technologies, Inc. (WET)?
http://www.wateronline.com/article.mvc/Ecoloclean-Industries-Subsidiary-World-Enviro-0001?VNETCOOKIE=NO
Articles
Ecoloclean Industries' Subsidiary, World Environmental Technologies, Inc., Receives Wastewater Treatment Contract From Delta D'Lo, L.L.C.
November 19, 2004
Crystal City, TX -- World Environmental Technologies, Inc., a subsidiary of Ecoloclean Industries, Inc., announced today that it has entered into a contract with Delta D'Lo, L.L.C. ("Delta") to provide wastewater treatment services to work in conjunction with Delta's patent-pending membrane technology while utilizing WET's patented electrocoagulation process. Delta, a wastewater treatment operator based in Broussard, Louisiana, has non- hazardous wastewater generated from its processing of oily wastewater that it receives from industrial sources. The Louisiana Department of Environmental Quality ("LDEQ"), in conjunction with the Environmental Protection Agency, enforces regulations regarding discharged contaminates in waters in the State of Louisiana. Delta, not having a wastewater discharge permit, instigated a contract with WET in an effort to remain compliant with those regulations.
Ecoloclean Industries, Inc. is one of only three wastewater treatment companies to receive a Mobile Pollutant Discharge Elimination System Permit from the State of Louisiana. This permit affords Ecoloclean the opportunity, via its patented electrocoagulation system, to treat and remove pollutants and minerals from contaminated waters. After Ecoloclean's electrocoagulation units treat the contaminants, the water can be safely released back into the state waters.
According to the terms of the contract, WET will treat the wastewater generated from Delta's oil processing facility to meet discharge specifications of its mobile permit. WET will process the wastewater with its electrocoagulation system and biological treatment and filtration system to remove metals, dissolved organics, residual oil and grease, COD and other regulated parameters to levels that meet the discharge specifications and other regulated parameters to levels that meet the discharge specifications of the LDEQ. WET's Mobile Pollutant Discharge Elimination System Permit, along with their mobile electrocoagualtion units, allows WET to discharge the waste at Delta's Broussard facility. The contract also allows for additional waste streams, including waste streams with high solids, to be added at a later date, and as the need arises.
Royis Ward, President and CEO of Ecoloclean Industries, Inc. stated, "Delta and their Management Team has placed the utmost confidence in Ecoloclean's services over our competitors that have the same permit to operate in the State of Louisiana. The Louisiana Pollutant Discharge Elimination System Permit gives our clients the assurance that their discharged wastewater is compliant with state regulations, and our electrocoagulation units combine state of the art technology with cost- effective measures. This makes our services extremely appealing to our current and potential clients. We expect this contract with Delta to last at least one year, which will bring in a revenue stream and help bolster WET's reputation as a pioneering leader in the wastewater treatment industry."
Ecoloclean will continue to update the investment community as WET attains more contracts with companies seeking superior wastewater treatment.
About Ecoloclean Industries, Inc.
Ecoloclean Industries, Inc. is the parent company of four wholly owned subsidiaries: Ecoloclean, Inc., Ecoloclean of Texas, Inc., World Environmental Technologies, Inc., and Reliant Drilling Systems, Inc. Utilizing various remediation techniques and technologies, Ecoloclean Industries provides environmental waste remediation to treat and remove impurities in contaminated and/or polluted liquids and solids for a variety of industries including, but not limited to, refineries, paper mills, petroleum and petrochemical industries. Ecoloclean Industries has merged equipment and personnel in its subsidiaries to maximize the utilization of company resources. ECCI continues to seek technologies and procedures that will offer its clients the safest and most cost effective technologies available in the market place.
Source: Ecoloclean Industries, Inc.
Ecoloclean Affiliate, World Environmental Technologies Obtains Exclusive License For The Coale Separator
November 1, 2004
Crystal City, TX -- Ecoloclean Industries, Inc. announced today that it has obtained the Worldwide Exclusive Rights for the patented Coale Separator through an agreement with Coale's Environmental Systems, Inc. ("Coale"). As previously announced on June 2, 2004, Ecoloclean Industries entered into a General Revenue Sharing Agreement with Coale.
Source: Ecoloclean Industries, Inc.
http://www.pollutiononline.com/article.mvc/Ecoloclean-Affiliate-World-Environmental-Tech-0001
Verified Nevada 1/5/2009 "ACTIVE" status...link provided!
Status: Active on 1/5/2009
I spoke last week to Michael B. at Investor Relations and was told he speaks regularly to John Adams. Michael said "Absolutely" when I asked if the company was still in business (considered a going concern). I told him to tell Royis to update the website with current valid info. and to instill trust in shareholders by being held accountable for information they can provide; my judgment is that they are covering their ass until they have something material come out and ironically not covering their ass by leaving old info. on their website.
Please provide a source (link) in your future posts.
Here are two links to show their active status with the Nevada Secretary of State (NSOS):
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/CorpDetails.aspx?lx8nvq=qXm7oMqEoRPlgG5f%252f8HO%252bg%253d%253d
https://esos.state.nv.us/SOSServices/AnonymousAccess/CorpSearch/corpActions.aspx?lx8nvq=qXm7oMqEoRPlgG5f%252f8HO%252bg%253d%253d&CorpName=ECOLOCLEAN+INDUSTRIES%2c+INC.
Environmental polluters will pay under Obama...tightening environmental regulations under an Obama administration will create thousands of new jobs...he will clean up our toxic environments at increased costs to oil, chemical, and mining related-companies, especially regarding the critical life-preserving need to clean and purify fresh water resources so they do not contaminate ground water...the very substance we are each PRIMARILY made of.
Please Google: Erin Brockovich...
Pacific Gas litigation
The case alleged contamination of drinking water with hexavalent chromium, also known as chromium(VI), in the southern California town of Hinkley. At the center of the case is a facility called the Hinkley Compressor Station, part of a natural gas pipeline connecting to the San Francisco Bay Area constructed in 1952. Between 1952 and 1966, PG&E used hexavalent chromium to fight corrosion in the cooling tower. The wastewater dissolved the hexavalent chromium from the cooling towers and was discharged to unlined ponds at the site. Some of the wastewater percolated into the groundwater, affecting an area near the plant approximately two miles long and nearly a mile wide.[4] The case was settled in 1996 for $333 million, the largest settlement ever paid in a direct action lawsuit in U.S. history.
Working with Thousand Oaks, California-based lawyer Edward L. Masry, Brockovich went on to participate in other anti-pollution lawsuits. One accuses Whitman Corporation of chromium contamination in Willits, California. Another lawsuit, which lists 1,200 plaintiffs, alleges contamination near PG&E's Kettleman Hills Compressor Station in Kings County, California, along the same pipeline as the Hinkley site. The Kettleman suit settled for $335 million in 2006.
http://en.wikipedia.org/wiki/Erin_Brockovich
Oil, paint, mining, all use or are chemicals and pollute existing fresh water (ground water) resources. The liability factor will increase under an Obama administration and Democratic majority of the House and Senate. Have you ever hear of Al Gore - he is a prominent Nobel-Peace prize-winning Democrat with influence? http://www.msnbc.msn.com/id/21262661/
I bet we will see an enormous amount of shares purchased at .0001 before they release a contract and an enormous amount purchased at .0001 - .0004 after they release an initial contract depending on how many people hold their shares and sit on the bid (this means they refuse to sell there shares cheap).
All I can say for sure is this isn't over yet and it is about to get VERY interesting, tax loss selling is over tomorrow for this 2008 tax year. I think we are in for a significant January surprise. Like I said, April showers bring May flowers...things usually are best when they seem the worst...look at Winter...everything looks dead, but it isn't...it is alive and well beneath the surface. Things look pretty bad during a storm, but that storm removes all the impurities that clogged future growth and vitality.
Please contact and add me catalystoftransformation on Yahoo IM...let's join together as friends on this...there is power in numbers...hell collectively we could buy this company. : )
I don't understand why others are so negative except about loosing significantly since last year or longer; relatively new investors like me are excited...I bought over half of my shares at .0001 per share.
Patience will pay off...give it time...I would not sell your shares when you are able to after they obtain a contract
tmcc, your post meets my need for balance, truth, and empathetic understanding of this frustrating situation.
The fact is that these EC-Water Pure machines reduce 10 contaminants at a sufficient rate/level. That means that this is a matching issue as it must find customers that have water that needs to be recycled within the parameters that these machines can treat. It is an issue of compatibility much like dating is...a good match can do wonders for the human spirit as a win-win situation occurs where two can get many of their needs met. The good news is they are open to a wide variety of customers in their regional vicinity and that Texas and Lousiana have many highly toxic industries that affect millions of gallons of fresh water...this means they do not have to ship their machines very far. Give them time...
Patience pays off.
Remember, Erin Brockovich and PG and E. Working with Thousand Oaks, California-based lawyer Edward L. Masry, Brockovich went on to participate in other anti-pollution lawsuits. One accuses Whitman Corporation of chromium contamination in Willits, California. Another lawsuit, which lists 1,200 plaintiffs, alleges contamination near PG&E's Kettleman Hills Compressor Station in Kings County, California, along the same pipeline as the Hinkley site. The Kettleman suit settled for $335 million in 2006.
Patience payed off then and it will this company as the enormous liability it prevents is reason alone to buy the stock for the companies it will serve; the recent hire of the highly experienced chemical employee is a really good sign of future contracts.
shinebox, write me offline at Yahoo IM: catalystoftransformation
I judge that your last 2 posts are counterproductive...
What are you trying to accomplish here?
400,000,000 is a very raw estimate of mine based on the qualified new employee they hired and based on projections on this message board...I believe as few as 101,000,000 total shares could be outstanding or as many as 500,000,000 total shares could be outstanding.
Ecoloclean Announces Increase in Authorized Shares
Wednesday August 6, 9:00 am ET
FORT WORTH, Texas, Aug. 6, 2008 (PRIME NEWSWIRE) -- Ecoloclean Industries, Inc. (Other OTC:ECCI.PK - News) announced today that it has increased its authorized shares of common stock to three billion in order to enact incentive plans and to make possible the issuance of equity in the event of a financing. The company continues to explore business opportunities within the oil industry in Texas.
http://biz.yahoo.com/pz/080806/148047.html
Shinebox, no offense...your assumption is not helpful.
If they issued that many shares they would be shooting themselves in the heart (masochistic)...they have an invested interest NOT to dilute shareholders equity. They could issue loans payable to themselves for now until they show results and the stock price recovers and stabilizes at a much higher level; then they can use that cashflow to repay their loans to their self. They are fools if they do not do this.
You might want to delete your post because it doesn't help to scare people.
Why I believe ECCI is a tremendous value and cashflow play...
Assuming they have the 3 - 100 gallons per minute (gpm) machines available and ready to move as they have previously stated in past press releases...
And assuming very conservatively that these machines operate only Monday through Friday close to 24/7 and average of only 22 days of every month or at least 264 days per year on average...and assuming an average day's net revenue of $1000 (net of royalty payments, shipping the unit, set up, maintenance/adjustments, etc.)
that = $264,000 ($1,000 net revenue per day x 264 days per year)...
$264,000 per year x 3 units = $792,000 net revenue per year before selling and administrative and depreciation expenses
Assuming they pay $392,000 in management salaries, accounting, sales associate, depreciation, misc. etc. expenses.
$792,000 - $392,000 = $400,000 per year in net income and with tax loss forwards is completely tax free income.
$400,000 / 400,000,000 estimated shares outstanding = .001 per share annual earnings
.001 per share earnings estimate x a very conservative 10 price to earnings multiple = a very conservative price of $.01 (1 cent) per share stock price
.01 per share is 100x the present market price of .0001
(a 100 bagger)
.01/.0001 = 100x your investment
For every $1,000 invested x 100 = $100,000
$1,000/ .0001 = 10,000,000 shares
10,000,000 shares x $.01 = $100,000
If the P/E expands to 20 or 20x potential earnings then double this to $.02 per share stock price and it becomes a 200 bagger or $200,000 for every $1,000 invested at .0001 per share
Where this gets very interesting is: what if they can contract out more Water-Pure machines, increase the number days these machines operate per year, and/ or increase their day rates per machine...my estimate of $1,000 per day is based on a more conservative 120,000 gallons recycled per day per machine / .008333 per gallon = $1,000 day rate
They could easily double or triple their cashflow...the economies of scale in this business model are enormous and exponential IMJ. If they re-invest all earnings as expected in more EC-Water Pure machines earnings could easily double and triple, and that isn't even considering increased day rates as these machines prevent massive legal liabilities to very large companies...what it cost them to contract these EC machines compared to their liability exposure in the millions of dollars is negligible.
I own ECCI stock. These are my judgments. You assume full responsible for your own investment decisions; I believe my estimates are quite conservative and very possible.
Successful lawsuit against a utility polluting water -
Erin Brockovich. DVD(2000)
This great movie is based on a real life story...I am sharing this because if you do any searches on Erin Brockovich you will see that people that pollute run huge liability risks...Ecoloclean has huge potential because of huge liability risks (lawsuits) of not cleaning up polluted water.
Erin Brockovich-Ellis (born June 28, 1960) is an American legal clerk and environmental activist who, despite the lack of a formal law school education, was instrumental in constructing a case against the Pacific Gas and Electric Company (PG&E), of California in 1993 .
http://en.wikipedia.org/wiki/Erin_Brockovich
Julia Roberts earned a Best Actress Oscar playing the feisty, trashily clothed single mother of three who takes a job as her lawyer's secretary and finds herself "investigating a utility company polluting the water" of a small California town. Albert Finney, Aaron Eckhart and Marg Helgenberger also star in this acclaimed effort by Steven Soderbergh ("Out of Sight").
132 min.
Widescreen (Enhanced); Soundtracks: English Dolby Digital 5.1
http://www.moviesunlimited.com/musite/product.asp?sku=D17807&loc=actor
"All processed samples lowered the mineral content of the contaminated water to levels sufficient to meet the British discharge criteria." Ecoloclean Industries, Inc. Announces Successful Results of Visit to United Kingdom
By: Marketwire .
Mar. 30, 2007 12:00 PM
http://eclipse.sys-con.com/node/355927
All Royis Ward has to do is approach Devon Energy, or any other large natural gas outfit, and say he will do a contract with them for a year or two at minimal profit to earn there confidence and recommendation/ reference and gain industrial awareness, respect, confidence, and trust in the water recycling community. It is all about co-creating a win-win scenario. UGH! Hell, I am about to come down there or make some calls and get them rolling myself. Obviously, these machines work and improve water quality substantially...if management would simply come clean everyone would win and a solution would be easily obtainable. UGH!
Please tell Royis Ward through Michael Biddick at Investor Relations (IR) the above by phone, fax, and e-mail. michael.biddick@gmail.com
Ecoloclean Industries Inc.
2242 South Highway
Suite 83
Crystal City, TX 78839
United States
Phone: 830-374-9100
Royis Ward
Chairman & CEO
Ecoloclean Industries Inc.
Michael Biddick
Contact for Investor Relations
Phone: 858-245-5848
michael.biddick@gmail.com
Ecoloclean Industries, Inc.
Royis Ward
President and CEO
830-374-9100 - OFF
830-374-0202 - FAX
I am wanting your serious questions and comments to send to management. I want to get through to Royis Ward and his team about the primary issue of restoring trust and confidence in management for us shareholders.
Please send your questions to me to ask and comments to share to: compassionatecheetah@hotmail.com
Management must understand the spiritual concept of surrendering one's ego (pride) and asking for the support it needs through regulatory agencies and with potential clients to create a win-win dynamic.
I am interested in posters who are seeking to create solutions instead of being part of the problem. We can hold Ecoloclean management accountable without tearing them and ourselves down.
When anyone is down, they are always needing empowering support...real love is always the answer...this means what can I do to help...give support...help create a win-win solution.
What can "I" do to be of support? What can "I" say or do?
This is not over yet...this may be a phoenix that rises from the ashes...a fire that builds from a spark...the groundwork has been laid.
They can do a 1 for 100, or 1 for 1,000, or a 1 for 10,000, or even a 1 for 100,000 reverse stock split.
They can obtain significant contracts through marketing themselves effectively and seizing a win-win contract.
New buyers of the stock can buy significant portions and hold for substantially higher prices making the supply of existing shares dry up.
There is power in numbers...lets band together than ride this alone...wouldn't it be awesome if we simply took over and bought out the ECCI collectively...it is possible...and I as far as the guard against a reverse split with Royis Ward; well, we don't even know if his preferred share protection is legal regarding reverse splits.
I think the shareholder would win at management's loss in a lawsuit against management...if all else fails...I believe they have a fiduciary duty (legal responsibility) to be honest with their shareholders.
The silver lining is new stock holders are entering while the others leave.
They have shaken the loose branches and leaves from the tree; this means new shareholders whom have patience and still see that this management can come through with contracts for their water purifying machines.
Yes, it is a scary situation, but no guts, no glory.
The best one can do now is share this company with others and wait for management to report a contract or joint venture.
All is not lost. It usually looks damn ugly before a major upswing.
I am planning to call the company and investor relations to ask that they seriously address shareholders with the respect and dignity we deserve regardless how cheap these shares are and how much management has invested in this company.
If we intend a win-win situation here, magic will happen...the concept is called "ideal support". Put yourself in their shoes, and if you can, you will see they are doing the best they know how to. The best we can do now is ask how we can help this situation. I bet someone knows someone to get them a contract and get them rolling.
Negativity at this point is a lose-lose proposition and I understand why anyone, incl. me would be negative. Many of us are feeling foolish for trusting management and feel helpless.
It is not a fun feeling and this story is not over...these machines do work...the question is who do they work for where it creates a win-win scenario?
I wish I knew for a fact who was selling shares at .0001 per share
ECCI's stock price and trading behavior/ pattern has to be reflecting a complete lack of trust and confidence in the CEO.
How many other posters on here have scene this behavior in a stock and which ones?
Also, if I put a limit order in for a stock at say $10 and take it out and put it back in a day later at the same $10 price revised with a different share count, do I loose my place in line/order assuming the stock hasn't traded at that price yet? My question is about who is first if we have duplicate limit orders at the same market price. Also, does it matter if I simply modify the order vs. cancel and replace the order...I assume to "modify" would be a much better way to go.
This the most "interesting" stock I have ever traded...wow!!!