I think you have it backwards....after reading the PR is seemed that CompleteAuto and eAutoDrop are the ones that didn't want the merger to happen. Could this be because after all the DD, ECFL turned out to have more negatives than positives? Calling the merger off was the best thing for those 2 companies because their lawyers advised them to do so. They have to continue to raise capital because ECFL DOES NOT HAVE ANY.
After ECFL did its 10:1 split, there was no chance this company would ever recover. When you have a pps of over $1, why would a company want to dilute its O/S by 10x? Ever since then it's been going down and down and down. I should know I bought in @ $1.90.
One other point to think about is this...how much money could a company really make when they don't even own the product to begin with?
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