lowtrade

[lowtrade]

Putting ENCR on strong watch on the OTC.
http://stockcharts.com/h-sc/ui?s=ENCR&p=D&yr=0&mn=3&dy=0&id=p74579064848

Note in chart; debit reduction talks & prep work starts May/June. July & Aug the price dove to funding level. So once again a good company getting in bed with the devils to close funding deal. But this one was to clean debit, now raise cash. Deal did free up $400k reserve cash thou.

13.5 mil dilution @ .164 or 18% discount from 20 cent price. Add my estimate of 8.5 mil accumulated the past 3 days; below .164 and it potentially has 22 mil for sale above .164. With an OS of 72 mil. Expect some will be held as investment, some dumped for profits.

My research proved to me. It is a well managed company, with good business plan, that has first product installation under it's belt. Like the company. Which just cleaned up their books for growth, but got in bed with some VCs to do it.

Short term OTC game play. Longer term has growth potential of a solid start up. IMO Making it worth contestant watching for business pipeline announcement and swing trades.

Think it might be a climber, down the road.

Ps; break of .164 where VCs hold, good 1st entry point. I'd 3 step into this one. .27 and .35 next. As under the radar, may become top of the radar. Found it and researched it because 24 board follower 70 posts and 85% bottom pop, got it on the IHUB breakout list.