LOL wanted to share the email communication to ECO-TRADE with ATS, Feel free, laugh or pick it a apart. I'm unfortunately still in this but would like clarification specifically relating to the comments made about moving to grey's during halt:
The Company has been taking a proactive stance and has been in direct contact with FINRA regarding short activities and solutions to protect shareholder value.
The halt was conducted under FINRA Rule U3 - Trading Halt - Extraordinary Events - Trading is halted due to FINRA’s determination that an extraordinary event has occurred or is ongoing that has had a material effect on the market for the OTC Equity Security or has caused or has the potential to cause major disruption to the marketplace and/or significant uncertainty in the settlement and clearance process.
Since the shares are not being traded, they automatically go to the grey sheet markets. The Company is working to ensure that normal trading on the OTCQB resumes as quickly as possible.
The Company maintains that the recent market activity has been a coordinated effort to short the common stock. As such, attorneys for the Company have spoken with representatives from FINRA and are supplying them with documentation regarding the trading activity in an effort to see an immediately lift of the trading halt.
The Company is working as quickly and as diligently as possible, keeping the interests of its shareholders as a core concern.
Please note that the 10K was for the period ended December 31 2012 before any of the new transactions took place.
As soon as we have an update, we will issue a news release.
Regards,
Corporate Relations
Eco-Trade Corporation (OTCQB BOPT)
www.ecotradecorporation.com
Ph: 855-OIL-WEST / (855) 645-9378
This E-mail may contain forward-looking statements within the meaning and the provisions of the Private Securities Litigation Reform Act of 1995 and is subject to safe harbor created by these sections. This information is confidential information covered by the Communications Privacy Act, 18 U.S.C. Sections 2510-2521 and is legally privileged. If the reader of this message is not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. The contents herein are not intended to be and are not an advertisement for any securities of the company.
From: @yahoo.com]
Sent: April-21-13 12:16 PM
To: info@ecotradecorporation.com
Subject: Concerned Shareholder
To Whom it may concern:
Good afternoon, I have spent the majority of this past week deeply concerned about the status of your company given the events that took place during this time.
Will the company make a statement as to why FINRA & SEC have halted trading of your company? Does the company plan to communicate to shareholders why the security had a change of venue for trading?
Is there a reason the company would have released positive news for the entire week prior to 4/19 and then file a 10-K form showing the company has zero assets? The way this company has handled the series of events over the course of the past week is questionable at best, how can the six month avg price per share fall from .35 to .04 in just four days time?
There are many concerned investors who seek answers as to what is going on within your company. I am certainly one of those people.
Thanks,
AI
