Friday session for Ecoland International, Inc. (OTC:ECIT) was among the very few in the past weeks with very little trading volume and almost no movement in the share price, probably due to the fact that there has been neither news nor promotions since the end of October. That could change again today, however. 
After the “quiet” Friday with a closing price of $0.29, a 3,33% decline from the previous close, and merely 2,300 traded shares, today certain stock promoters claim ECIT could start another week of high trading profits. Three new promotional e-mails came into our database yesterday evening. Judging from their art of compensation, they have been sent under the old campaign – the promoters got 1,000,000 restricted shares of ECIT for the alerts.
Otherwise, ECIT itself has not issued any news since it confirmed the closing of the share exchange agreement with D&R Technology Inc. at the end of last month. There seems to be also no fundamental base for ECIT to hold such share price level currently. Apart from the fact that the acquisition is still not confirmed with an SEC filing, at the end of August 2011 the company had only $10,000 in total assets, most of which in cash, and $617,000 in current obligations.
Sales have also been very minor in the last several quarters and ECIT currently trades at a P/S ratio of over 1,600 compared to an industry average of below 1. Traders are also not rely so much on the promotions for a trading profit because the longer they last the worse their effect on the performance of the promoted stocks.
