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On top of that....the CEO wants to increase the authorized up to 2 billion shares...hahahhaha....that would feed his kids, grandkids and great grandkids for a decade....I hope he sends you all a nice shiny bright pamphlet on the Home Depot roll out!!!!!!!!!!!!!!
Further analysis....with the market cap heading for about 3 million dollars and a 1 for 20 reverse split on the current share count...it puts the post split share price at around .15 cents a share...meaning a person who owns 1000 shares of ECOB right now has 12 dollars of equity in his account...post split he owns 50 shares at .15 pps and has 7.50 worth of equity.....amazing and this is a GOOD thing??
Well....over the past week I have been able to unload nearly all my shares.....right now I am just on the edge of losing a minimal amount....but the freedom I now feel is worth it....every once in awhile I play around here in pennyland, I guess it is just a reminder to stay out of this corrupt exchange....so I have just 250,000 shares left on my books and I might hold just in case I have opportunity to make a grand or two ....then again I might not....my suspicions on ECOB have all been proven right and I am so thankful for the spike up in june after the depression I felt in may.....those shares you see on the level 2 are not any sort of dilution, they are honest, optimistic shareholders that now see the end of the road for ECOB...it is such a shame, if it was anyone but CONBOY, ECOB would have had a nice run.....to those of you who hold millions of shares, the best advice I can give you is 60, 70 and 80 thousand shares "all or none" late in the day seems to be the best way to unload...it took me about a month to divest....and I hope we all learn something from this experience....lastly, for those of you happy about the R/S remember this, if you are using a "DISCOUNT BROKER" like SCOTTRADE or ETRADE, when the REVERSE SPLIT hits, you will have extended 'settlement" time....meaning the stock can trade for up to 2 days before you have access to your post split shares....I have been through REVERSE SPLITS before and it is pure torture when the stock is trading and you cant get out.....I don't believe in luck, I believe in Jesus!
The numbers do not lie, Market Cap has been cut in half since the Reverse Merger was "tabled" ......if Management cannot see the damage it did with just the mention of the R/S, then they just don't care about the investors....again ECOB MARKET CAP HAS BEEN REDUCED BY 50% SINCE THE REVERSE MERGER WAS PROPOSED!.....everything else is just TALK!
What we are seeing is the INVESTOR's response to the ignorant idea of a Reverse Split....only hope is the Company come out and "SCRAP" the R/S immediately.....remembers all the millions of shares accumulated down at the .008 area....well, they will be lining up from now until the "MEETING" on the Proxy...Call IR today and protest the R/S or you will be wiped out!
I pitched hard because the chart doesn't lie....since the R/S has been announced the stock is down almost 50 percent....they should have let it steady up a bit above .02 before getting greedy....as far as other start up companies having success with an R/S....if you have been around so long I would have guessed you realize ECOB has NO...I repeat...NO tangible book value..they don't even own a building my friend....the only advise I can give you is to organize and get on the phone with management and Batson, who in my opinion pulls a lot of the strings as far as the stock is concerned....they alone can get the price back up to a fair level....as far as this REDWOOD thing everyone is always beating up.....that is a bunch of crap....follow the money, and those who get paid by common shares...as for me...it is getting close to JETISON time...just hope I can get out with minimal losses...I sold a bunch back at .027 area..but still got a bunch to go!
For the record...a little history for the new eyes on the board...I am long a substantial amount of shares for about 4 months now...this board in my opinion has people on it that are let us say, not just retail investors....anyone who is advocating or supporting the Reverse Split is in my opinion not a retail investor so be careful of their posts...while I am postitive overall, the company is run by poorly and I don't believe a word the CEO says...when I first invested in ECOB I was told by Investor Relations that a reverse split would not take place until the price was near .20 and that has now been taken off the table...a reverse split and increase is only beneficial to those who get paid via COMMON SHARES like ConBoy and IR, after I post this I will get attacked by certain entities on the board, these people say the R/S is necessary to get on the AMEX or some other more reputable exchange....but we are all smart enough to know what a R/S does to stocks hovering at .01....it wipes out the investors and reloads the Management.....vote NO on the reverse and pay NO attention to the cheerleaders that could care less about your money!...all my opinion....ask UNLIMITED if he likes the R/S...at least he seems to be honest in his approach to make money!
look....I have got nothing against anyone on the board...but I just have a problem with all the different speculation on what the problem is, when we all know what the problem is!.....this FOOL CONBOY is an IDIOT....announcing a R/S just when we get this thing out of sub penny.....dribbling out Home Depot news via the website rather than a press release...and virtually NO news on other sales or company events for a month....BEVERLY HILLS???..really....the product is a good one and for now the share count is not a problem with avg volume at 5MIL.....the only thing that these morons at ECOB understand is "PRESSURE"......trust me, they are under suspicion and hate it when they are called out.....and NEWS FLASH....MOST HOME BUILDERS DO NOT BUY THEIR LUMBER FROM HOME DEPOT....when was the last time you even saw a TRUSS at HOME DEPOT?????????????????
oh...wait..unlimited said it was ARCA that was holding down the stock....hahahahaha....but ARCA is nowhere to be found today..sooooo what is the problem.....this board is loaded with insiders...beware!
the Brain unlimited posted the announcement....what more do you want...stock should be running like a freight train now right???...CALL MANAGEMENT AND TELL THEM TO GET OFF THE BID!
Be very careful of people who predict a bounce a week ago at .015 which never happens and then sees opportunity to buy under .014...it is called "FORKED TONGUE" and they are not to be trusted!
so now you are a mind reader??...less talk more action....go buy some shares and stop deleting posts that are totally within rules....you are starting to be the lead cheerleader!
you predicted a bounce off .015 that never happened and now you say "sideline" ???....mind expanding on your 'sideline' comment?
True to form...the biggest "cheerleaders" on the board never step up and buy shares to hold the price on a day like today..you should all be ashamed of yourselves..if you are gonna pump you should at least buy a some shares ..but NO...you watch ECOB dangle in the wind with under a 500k shares traded...you are what we call "PAPER TIGERS" in the real world!
actually you are correct about NEW JERSEY....might you be the infamous Irv from Jersey??... hmmmmmmm....like I said....insiders delight here!
2 sets of Books on this ticker....retail book is straight....insider book gets everything on the bid...that simple even a child can watch this tape.....NO REGULATION will protect investors...only those brave enough to challenge the insiders will have justice...as I proved about 2 months ago....facts are facts
you have had some nice calls on ECOB....but it is obvious you never worked a "DEALING DESK" in an unregulated exchange before....but I still think your a good dude!...at least you have manners....NYSE rules do not apply here...a lot of times these shares move no more than 2 foot from the brokers desk...but now is not the time for a lesson...lol
you have not brought anything to the board that is informative nor new...we all know about the warrants, and the worst part of those went out back in may....now it is only couple of Market Makers and the "Boy King" Conman that is holding this down....some on here do not understand the concept of "Shirt Pocket" trading done by MM's....but being a FOREX trader, I have some expertise in this area.....the good ol boys are loading up on cheapies for the next run to .03....so go somewhere else to sell you "RE TREAD" tires
Not sure who is more pathetic....the cheerleaders on IHUB or Conman dropping financials on a Saturday......shareholders must apply pressure to the CONMAN to get the price up
BOOM...there you go....NITE COMES RIGHT IN AND HOLDS DOWN THE ASK....pathetic!
ALSO...there are just 1 hundred thousand shares listed under .02 right now....lets see how long that lasts.....once it gets to .02 you will see all kinds of shares come back up under .02....that is MARKET MAKERS holding it down...but you know this already Unlimited....you are much smarter than you let on bro
how do you explain the transactions under the spread and the hundreds of thousands of shares traded at 4:03 the last two days...not to mention the phantom sells as soon as ECOB gets a little traction.....
Classic "FAKE WALL" on the ask this morning....nearly a million shares at .021 for sale giving the impression someone was going to dump and to entice others to dump...also, watching how shares are being 'horse traded' under the spread.....like I said, MARKET MAKERS own this one and it wont leave the station until they are good and ready.....
and this has WHAT? to do with my .013 average in ECOB??..you are beginning to be tiresome bro!
Hello Jaypequa, not sure i would call my post crying, but you are at liberty to assume what you will. If you would digest what i wrote, you would have had a more reasonable response. We are in "pennyland"...nothing is as it seems here, even with all the sophisticated indicators the savvy investors have at their disposal, the man behind the curtain is always 2 steps ahead of us. This stock made a very bullish move some days ago, and these IDIOTS that run the company could have supported the largely "RETAIL INVESTORS" that made the run up possible. According to my calculations, if these "NUMBSKULLS" ...Batson, Irv and Conboy...could have mustered up a measley 300,000 dollars from all of these "BIG CAT" investors they are always bragging about, they could have strategically placed stock purchases that would have supported share price and install confidence in other perspective investors...but no, they are not smart enough to understand or they dont care...ignorant or apathy???...take your choice...NOW i have a question for the board: How many shares do you think ROB CONBOY owns?...i know, do you? ....check that, another question: How many shares do you think the BATSON BOYS own?...i know, do you?....oops, a third question: HOW MANY SHARES DOES IRV MINNAKER OWN?.....i know, do you?....and these are the guys in charge...and when you talk to them, they say they have nothing to do with the share price, they are focused on building the buisness...hahahhahah.....and then they start whistling!...all this is my opinion, just ask me and i will tell you