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Anyone else see this news?
budfoxhub • Oct 22, 2013 1:27 PM
News Out! $ETEK The agreement requires Global Vu to purchase a minimum of $50,000.00 of Eco-Tek lubricant products and bypass systems during
$ETEK The agreement requires Global Vu to purchase a minimum of $50,000.00 of Eco-Tek lubricant products and bypass systems during each 12 month period of the five year agreement. "Eco-Tek is very pleased with our new relationship with Global Vu" stated Mr. Tunks, "Our International Training Team is being scheduled to install the first ByPass Systems during November. We expect Global Vu to be very successful in their marketplace." Less
Thanks need something positive for this poor thing!!
I really couldn't call this a pump and dump. This is straight up DUMPING.
That's what I've been finding digging deeper and finding more shady crap going on here!
All trading higher this is where ETEK should be with out this scam artist in the picture !!
Competitors etek - Eco-Tek Group IncMore...
Name
Price
% Chg TTM Sales
$ mil
Eco-Tek Group Inc $0.00 8.70 0
LyondellBasell Industries NV $73.93 -0.90 44,021
PPG Industries, Inc. $182.75 0.09 16,337
Ecolab, Inc. $105.69 -0.29 12,740
Praxair, Inc. $124.09 -0.50 11,714
Sherwin-Williams Company $184.67 -1.77 9,950
What’s the Catch With Eco-Tek Group Inc? According to various disclosures, transactions of $1k, $1.5k, $2k and $5.5k have or will occur to mention Eco-Tek Group in various investment newsletters. Over the past month and a half or so, Eco-Tek Group has announced exclusive distributor agreements in the Ukraine (requiring a minimum of $50,000), Chile (requiring the distributor to place an initial order for $50,000, and to purchase a minimum of Cdn. $50,000 of the bypass system products during each 12 month period following the signing of 5 year agreement) and Northern Quebec (the distributor has placed an initial order for $25,000 or about 25 systems). A quick look at Eco-Tek Group Inc’s financials reveals revenues of $74k (most recent reported quarter), $53k, $61k and $71k for the past four quarters along with net losses of $88k (most recent reported quarter), $190k, $664k and $168k. At the end of June, Eco-Tek Group Inc had $4k in cash to cover $1,197k in current liabilities. So while the recent distributor agreement should help the top line, Eco-Tek Group needs to work on improving its balance sheet.
Eco-Tek Group Inc (OTCMKTS: ETEK) Announces a Couple of Distributor Agreements
Small cap Eco-Tek Group Inc is dedicated to the development and marketing of innovative and cost effective green lubrication products for the transportation, industrial and marine industries and the development of bypass filter products for these markets. On Friday, Eco-Tek Group Inc rose 4% to $0.0052 for a market cap of $1.31 million plus ETEK is down 99.3% since last November and down 99.5% since July 2011 according to Google Finance.
Small cap green stocks Eco-Tek Group Inc (OTCMKTS: ETEK) and US Energy Initiatives Corp Inc (OTCMKTS: USEI) have both been producing some greenbacks lately for stock promoters as they have been the subject of paid promotions in various investment newsletters or investor alerts. Of course, there is nothing wrong with properly disclosed small cap stock promotions, but they tend to produce the most greenbacks for the promoters rather than for investors or traders. So will these two green small caps be putting some green into your pockets? Here is a quick reality check:
My question being how do we shake this sucker from our stock?
From pump and dump .com not good news! But could explain some things!
Quote: Other tickers with DeBo and Debondo Capital connections include ETEK, BLGW, VNDB, GSGM, POWT, IDVC, GVBP, KHGT,
PYBX, UCPA, ALTA and VNTA, each and every one of which has been the subject of a Pump & Dump scheme, and each and every one of which has since gone to zero, or is heading in that direction. Having been drained of credibility and resources once DeBo sinks his blood-sucking proboscis into it, none of these tickers has become a successful entity and what may have once been a promising enterprise, is rendered into worthlessness.
They can't be making anything more than beer money down here.
Crap
Go to their website they have a contact us page you can email from there. I have sent them several but no response!
I saw this one was out before the last one.
This just goes against the investing jmo but if the dd is done the company looks strong and has a good viable product. The stock price should be going up. Logical right??
So who has a vendetta against ETEK past managers? What is sandlewood why did they buy ecoteck. There has to be a reason for the large blocks of dilution going on. Just curious is all. My thinking is that these shares can't be endless and the dilution will end and this pps will turn around as long as the company keeps getting new contracts and putting out good news.
Go ETEK !!
When I talked to Steve he told me that if I had 25k to invest that I could go through him and it would be a lower price than market value. What are the odds of someone getting cheap shares that way and selling them for profit at market value?
That makes sense thanks for explaining!
Check this out tunks bought his 5 mil at. .0002. Could he be selling to get money to pay the bills?
http://www.otcmarkets.com/stock/ETEK/insider-transactions
What's up with all the selling going on??? Humm makes me go humm!
Their day will come.
If I had more cash I'd double down I see nothing but good things coming for this one!
My average down(not my normal strategy) the other day really put me in a better position to profit from a small move up. Waiting for .015 to break even then pure profit from there up. I see no problem with this company getting to that level and beyond. Just have to get the shorters and baggers out of the way.
GO ETEK!!
I'm in and waiting
Revolutionary Concepts, Inc deals in developing and marketing smart camera technologies that enable remote monitoring. The company intends to commercialize EyeTalk Communicator. This is the type of network camera video system. The purpose of developing this camera is to give user ability to remotely and interactively monitor and communicate with visitors It was established in 2004 and is based in Charlotte, North Carolina.
People we are at a 52 week low here this company has new deals coming every week. ETEK is getting there feet back under them and taking a stronghold here!
This is a no brainier jump in with both feet and grab some cheap ones.
Nice to see it come up off the low for the day!
Why does it not show on the ihub news?
That rocks turning up the heat here at ETEK !!! Steve coming through as promised!!
I still don't understand the concept of shorting and how to make money betting a stock loses value.
Got my 7500 on the dip! Go ETEK
Im jumping on more in a couple days lets this pump settle and grab more on the dip.
Good stuff glad to hear it Steve was way down to earth when I talked to him. Didn't sound like a scam artist. So I took him at his word. I need to see .07 before I'm back a square. Let's go for .25 or higher!
GO ETEK!
It was when I first got in to the market I was green and didn't have the appropriate questions. Sorry.
Something has to turn in the right direction here. I spoke to Steve several months ago but I have not got any response from them from email or phone in my latest attempts.
I was was trying 5 mil most have coffee finger !
I saw in the financials tunks bought 55mil shares mabey he has it pumped to get revenue. Humm? Mysterys unsolved.
I am interested when I will be able to buy there products at the local auto supply store? That would make me and others more likely to use them!
I know it's in the works but need more info from the company as to when this will happen !
Good stuff here older dd but some good reading if you are interested.
http://www.aimhighprofits.com/etek-eco-tek-group-misses-endorsement-but-still-trades-23615
Your profile pic doesn't fit you name? But glad to have you along for the ETEK saga!
News would make this stock rock! This is a great opportunity to load up.