ECGI Holdings Inc (ECGI)

[Potse]

ECGI...increased my position.....

I increased my ECGI position last week. The risk/reward around this 3-cent area, and the timing for entry/accumulation, looks reasonably interesting right now. I would assume the first of the marketing approvals (Health Canada) is probably getting fairly close. Depending on how much lasting damage was done to the stock during the Fall/Winter, my guess is there will be some potential for pretty nice tradeable moves/spikes in the share price over the next 6-months or so.

Last week, the company (and/or the investors relations firm the company had hired last year) started making some updates to the website. For a better part of the last 6 months or so, the website had basically been neglected. Interesting to note that additions/changes have been made to the management team and the advisory board.......

http://www.eventcardiogroup.com/

The $1.08M financing package (6.4 cents per share, and 15-cent warrants) in February was an important and very encouraging development, especially since the Life Medical dispute has not been resolved yet. It is pretty clear that those investors believe the company will remain a viable business/investment, and it is also an extremely high vote of confidence that ECGI will successfully obtain marketing approvals for NowCardio in markets outside Canada. The way the licensing agreement for NowCardio is currently set up, ECGI only receives significant fundamental benefits from its activity in the non-Canada markets.

Also worth noting (according to the financing agreement 8-K): The company consolidated the bulk of its related party debt into a promissory note convertible at CAN$.0873 (which is usually around 6-7 US cents, depending on currency rates).