ECC Capital Corporation (ECRO)

[price_and_volume]

I like dividends. Provable, payable dividends.

Does ECRO have any, or will it ever? How can we know?

Financials are so old and out-of-date, and the company has essentially been dark for 10 years. This appears to have gotten somebody's attention, for unknown reasons.

As mentioned, it's NOT a "RE-instatement", it's a company RESTATEMENT which in this case reads like a poison-pill to prevent an outsider takeover or something.

Kinda like the OPPOSITE of a reinstatement.

"The Amendment and Restatement adds new ownership and transfer restrictions ... if it is no longer in the best interests of the Corporation to qualify as a REIT but... determines subsidiary or affiliates STILL qualify as a REIT."

Confusing legal-speak, but still sounds like a poison pill. Correct me if I'm wrong.

And explain if able, WHY DID THEY DO THIS?

[$ECRO has a website but difficult to perform any real DD via the usual sources.]