ECGI Holdings Inc (ECGI)

[Potse]

600K share issuance....interesting.....

According to the 10-Q filed on Friday, there was a total 600K share issuance to the CEO and the CFO on January 5, 2011, which brings management's direct holdings up to about 1.13M shares and the total outstanding up to about 6.9M shares.

What I find rather interesting is that the shares were issued at the beginning of SUIP's 2Q (January-March 2011) and it specifically states that the shares are for services to be rendered during this quarter.......

On January 5, 2011, Sunrise issued 600,000 shares of its restricted common stock to its Chief Executive Officer and Chief Financial Officer for their services during the three month period ended March 31, 2011. These shares were valued at $0.0258 per share based on the market close price for the Company's Common Stock on January 4, 2011 which will be recorded as a contribution of capital for the value of the shares and an equivalent amount to stock based compensation.

Given the language used and the "unusual" nature of the share issuance, it makes me somewhat more inclined to believe that some sort of reverse merger or joint venture will take place in calendar 2011-2012. I continue to believe the potential risk/reward here looks extremely interesting, especially when compared to what kinds of valuations other shells/RMs have been achieving.