I bought all of the 40K shares on Friday. I wanted to have a position in this shell in case it becomes more difficult to accumulate shares following the 1:10 reverse split. Valuation and structure of the ECMT shell looks attractive down around the ten-cent price area.
The new CEO (Yu Yam Anthony Chau) has an interesting financial background/experience, and his appointment here is a bit interesting/intriguing. He left his previous job in January, and based on his employment agreement with ECMT it appears he will be devoting his full attention to this shell. He worked during 2014/2015 for one of the investment companies owned by the new control person of ECMT.
I don't know whether the new owner (Kai Shing Fong) purchased the ECMT shell to act as a middleman to a completely third-party reverse merger, or if he is planning to bring in a closely-connected company. But in any event, I feel reasonably good about the chances of making money on this shell in this price area.
Recent EMAX News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/09/2024 03:27:01 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/13/2023 11:32:02 AM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 11/01/2023 03:51:10 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 01:30:20 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 10:02:49 AM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM