ECGR story : Read it very important.
ECGR was trading between 7-10c this January. When some guy identified that the company is non reporting and without checking on the background shorted 15-25 mil shares in Feb and March. Now I dont know if this was a group of peeps that shorted or one person.It could have been shorted by MM's. but whoever did it they only verified that company has not reported in more than 2 years. Not sure they were aware of the developments in Yonkers and groups strength. But anyways bottom line it was shorted and brought down from 7c to triple zeros.
That is when Chapter 11 ( brilliant guy ) who noticed it and alerted folks. New traders came in and bought for 3 days. Some sold it thinking it is over. Not sure if Chapter 11 holds it or not.But none of the shorts were able to cover entirely.Some amount of covering was done, but not sure what extent. But during this entire period there was no dilution.I was a little late to identify the stock, but still bought a whole bunch in wholesale From 0.0008-0.002. Also did buying at higher range upto 0.008 to provide support.
Now what's gonna happen :
Money made with all his research and updates in various boards along with M02 in Ihub brought the stock into the attention of several investors. Bcuz of some bashing and 1000 % gain , stock took some time to stabilize. Now with the new investor interest and short pressute this could easily go back to 10c.With no news it should go back to 10c and with news it could go upto 27c. At 27 c, si when we need to be watchful of the company bcus the principals can convert at thsi price if they choose to with their preferred shares.
They may decide not to dilute if the Yonkers project get started and they plan on moving to bigger exchange. Also this is a good tool to take HFAH to Dow since ECGR has more than 3 years trading history. In order to buy a OTCBB or nasdaq traded shell company has to spend millions of dollars. But R/M to HFAH is pure speculation on my part and the companys has stated that that may not be in their plans.
But it is huge , I say massive with nothing but Yonkers project which is an ECGR baby and not an HFAH baby.
I am really thankful to Moneymade for all his research and also staying with me in the board during the difficult time. We should be ready to make the next leg next week.
Please feel free to post my message to your close friends and important boards.GL all.
Disclaimer: Do not buy or sell based on my recommendation. I am not your financial advisor .My recommendations are based on my intuition, research or both and may be right or wrong.
