Happy new year Mick and ECGA is not a shell . Makes the most money out of any sub. For three months ended september 2009 net sales of $22 million 974k . with a profit of $6 mil-454k from that revenue. With CASH AND CASH EQUIVALENTS AT END OF PERIOD of $4 million 849 thousand. Only problem is 13 billion outstanding with about a six billion float. But they did have a buyback within the last year or so of about 3 billion . This stock can move as chart indicates in the past. Just needs the volume over 250 million to start tipping the scale. Maybe like before there has been accumulation for a company buyback. Weather or not this is the case , the chart imo, is ready for a bigger move than before. 13 billion os at .01 cents is 130 million street value. .001 gives it a value of a measly 13 million. Company has about 90 million a year in revenue and 4-5 million cash and is and has been reducing its debt. I "feel" that a targeted goal of value for ECGA should be .005 which would be slightly under correct market value. .005 equates to 65 million MK .
imo, street should give this a bigger value.......... 6.5 million value at .0005 ?? WOW still too low for me and have a feeling i will hold this until .0015 at least. Maybe more if money flow and momentuem indicates otherwise.
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