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Wednesday, May 14, 2008 4:40:36 PM
Bagfull...
Actually, I have not spoken to the ECCI CEO in weeks. I have no idea what any issuing of shares were used for if such had actually transpired.
I was simply guessing because of the amount of negative volume is usually the company throwing some shares out there too in the pink sheets world. I was only trying to figure out the only reason why they would sell shares to raise capital at these levels.
It was only a guess because it made me think about a company that sold shares in the pennies then a few weeks later it hit $18.00 per share. Sometimes you have to take 2 steps back to go 100 steps forward.
Still, from the last time I spoke with Royis, it was mentioned that they would not need to sell shares to raise capital. So I'm guessing that if any were issued, then I would trust that they would have been for good reason.
v/r
Sterling
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