ENGY - Enviro-Energy Corporation (ENGY)

[growacet]

With No News or Promotion....Who's Buying?
On July 18 some rather startling news came out via an 8K announcing the resignation of Enviro-Energy Corporation's CEO/CFO/Director Bowers.

From July 21 to present inclusive I calculate that over 100,000,000 shares are reported as having been traded in ENGY. The price per share has been in a range of .005 to .015 or thereabouts during this time frame.

I haven't come across anything that suggests to me that ENGY is trying to gain the attention of investors...about the closest thing to promotion I've come across is some CRG PRs that mention ENGY, but they only came out after Oct. 20th when volume spiked up to over 19 million on that one day.

Is ENGY undergoing accumulation? If one wants to buy low there must also be others willing to sell low. I can see how the lack of news and that July 18K may have convinced some to sell, not to mention the dip to below 1/2 a cent per share just before that big volume spike.

But it seems to me that there has been more than enough buy side interest to off set any selling going on. Hopefully the buying that has been going on the past few months portends something positive that will give investors reason to be bullish here.

If it doesn't happen...well that's the risk reward game in my opinion. Take note that I am a shareholder so my opinions should be viewed in that light. I do consider there to be a very real possibility that I may lose some or all of my investment. Do your own DD and best of luck regardless of what conclusions you reach.