Lambchops: thank you for (IMO) a decent, earnest and thoughtful post. Hard to find on this Board these days, among 99% garbage from others here.
You and I, and a handful of others here can tell a poster's intent from their content. We obviously have a lot of flippers on the board, bashing and looking to fill their 0.0001's, or cash out quickly at some higher number.
As another poster pointed out, we can apply logic to 99% of negative posts. If a poster is long on this stock and holding, what sense does it make to bash the CEO as a scammer? If a poster has sold and lost money here, shouldn't they have better things to do with their time and attention of posting here.
What we all know, is that 99%+ penny and sub-penny stocks never make the big time, and that most go belly up in a short period of time. Most of the folks here know that penny's are loaded with scams, so to call any stock a scam makes you right most of the time.
99%+ penny stocks make promises, and most aren't able to keep those promises. If anyone here knows of a penny stock that isn't promising to deliver a product, service, or deliver revenue, I'd love to know the ticker.
Yes, ECOS clearly has not delivered, but that doesn't make it a scam. IMO, any pennies of sub-pennies that are delivering profitable revenue, on time and as promised ... are no longer pennies. If any readers of this post know of any sub-penny stock that has profitable revenue, please share.
I can' say from a profile if ECOS leadership is honorable. I mean, Bernie Madoff's investors knew him, and thought he was honorable. However, among all of the other negative comments about this CEO, IMO, MS is smart enough to not succumb to the pressures of shorts and penny stock flippers. (Sorry flippers! But I know most of you don't read long posts anyway.) IMO, MS ignores them,as he probably should, as they are not true investors. I also know that he could raise a lot more working capital needed to get off the ground if the stock price was not at rock bottom. He seems to understand that the only legitimate way to raise the SP, is to deliver revenue, and he isn't going to say much until ECOS can make that happen. IMO, ECOS leadership seems smart enough to know how not to violate SEC regulations. There are a million reasons why start-ups don't deliver, as promised. If not delivering as promised landed CEO's in jail, the prisons would be overflowing wITH CEO's of micro-cap stocks.
I bought ECOS, knowing I and it had maybe a 1% chance of great success. All pennies are a gamble. If any of us here bought long thinking there'd be a really big chance ECOS make it, exactly as promised, we probably bought foolishly as most pennies just don't succeed, and they all promise something.
IMO, keep the faith. If we don't go belly up and hear some good news, the flippers will cash out and we might get back to some value add posts here from some of the old timers. Then again, the flippers will be back, in-between news and events, driving the price down so they can buy low, and sell high. As one posted, "buy at 2, sell at 3" works well for them. I am not knocking their methods, as I am sure a lot of the flippers make good money, and I support that sentiment. But, unfortunately, their methods have made this and many boards, as toxic as the ECOS financing that MS has described as essentially a necessary evil, at this point.
HB
