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ECRY Creates Instant eTears For Investors

Current Pump & Dump subject eCrypt Technologies (ECRY) is a classic example of insider dumping at all costs. Bids have been whacked ever since the campaign began on December 1 and continue to do so even as criminal tout, PennyStockAlerts.com takes the reigns of the pump this morning.

ECRY's share price climbed slowly but surely, on increasing but light volume in the days leading up to the campaign. However, once StockGuru.com issued the first promotional email, the whacking began in earnest and some investors are already enjoying 35% losses in just a few days. We're wondering when people will learn to access the readily available information prior to buying stock in such overhyped crap.

ECRY carries an unconscionable $130 million market cap while listing only $53K in assets, $29K of that in cash. Liabilities are listed at over half a million dollars, mostly in loans that we'd expect will eventually be turned into even more shares. We also take no comfort in the $480 listed as revenues for the latest quarter, especially when considering that those robust revenues created $88K in losses. It's no wonder that insiders wish to dump shares. This stock has nowhere to go but down, down, down.

Be careful out there!

www.pumpsanddumps.com