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Re: Waverider110 post# 4307

Wednesday, 05/14/2008 4:40:36 PM

Wednesday, May 14, 2008 4:40:36 PM

Post# of 22249
Waverider, I went back and read the post that Steve posted and he had said that he had not talked to the company in weeks...here is the post:

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