Encorium Group Inc (fka ENCO)

[thesmalls]

there is no company behind this ticker. it is simply a shell. the company went bankrupt about 18-24 months ago. prior to that they had completed a reverse split that brought the total share count down to around 5MM shares. now - hard to say if there are more than that now but there have been no filings.

someone/entity bought 3.5MM beginning of OCT. someone is taking over the shell for another entity. whether or not that will be a legitimate company looking to raise capital in the equity markets and short circuiting the normal IPO process - who knows. it is certainly cheaper buying a shell when you can acquire controlling interest for $0.003 * 3.5MM shares instead of the normal route.

my guess is now that it is obvious someone wants this company, there is a rush for the few remaining outstanding shares which is where the run up is occurring. right now - this company does NOTHING. it is simply a shell.

my guess is there will probably be a registration statement with the SEC within 30 days along witha name change signifying the change in control and what the new entity is. only then will it be known if there is any value here.