I think it's certainly Asher who's dumping the shares. Not sure I understand the "buy back" idea. If they were buying back the shares, wouldn't they do so without having them hit the market? I don't think that the revenues generated from the sale of M-Fuel could translate into buy back in such a short amount of time.
The key is that the current share price isn't at all reflecting the value of Ecolocap. I for one am hoping that I didn't miss the cheap shares. As soon as I saw the drop (along with my jaw dropping), I deposited more cash into my broker account and unfortunately have to wait 3 days for it to clear. Fingers crossed that I can still get in under .005 on Friday! GLTA!
I thought that a company can't buy back shares unless they are effectively retiring them and taking them off the market. Google seems to support that. Comments by those knowledgeable are welcome??
That said the trades this afternoon looked much better - with the exception of the ~6 million sell that I agree looked like covering...
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