eCrypt Technologies, Inc. (OTC:ECRY) has been massively promoted since end-November. This month, the promotions 
continue and another campaign was held yesterday.
After ECRY lost 2.15% on Friday on a rather high traded volume, yesterday the stock got promoted by a few promoters in order to pump up its price. Today, the campaign continues and the total compensation for December promotions reached $53,000 so far.
So far, so good. However, promotions were not the only step ECRY has made towards the climb. This morning, the company reported that it has completed the beta phase of its secure platform eCrypt Me and it was launching it today.
The announcement stated that the product launch was coming up along with a new corporate website and targeted at small business and people who were looking for email privacy and security.
Apparently, the positive piece of news was released just in time to support ECRY stock price, though the result is yet to be seen.
In any case, the big problem for eCrypt remains the same as before – its financial condition.[BANNER]
As of September 30, the company had much more liabilities than assets on its balance sheet, while the stockholders’ deficit got almost doubled as compared to the previous quarter. Besides, the deficit accumulated during the development stage period kept increasing and the net loss remained uncovered.
And while operating under a going concern, ECRY anticipates that it will require approximately $5,000,000 of working capital to complete all of its desired business activity during the next twelve months.
