Eco2 Forests Inc. (PINK:ECOF) has not enjoyed much of attention recently, but today the situation might take a dramatic turn. The stock got promoted yesterday evening as a possible breakout for today’s session, which is likely to attract buyers.
ECOF closed yesterday at $0.004 and not even a single share got traded during the entire session. There were two more such sessions this month only, and in general the stock got an average daily volume of about 207,000 shares in the past 30 days. Technically, yesterday’s close was right in the middle of the recent trading, which combined with an MACD lines cross and reversal could be reliable background for a promotion.
A third party has engaged one of the strongest stock promoting groups to make ECOF stock more attractive for trading. ECOF has been included as a short trade alert in the promoters’ newsletter yesterday evening. The third party paid $15,000 for that one time alert, though this is not the first time that ECOF gets paid promotions. The disclaimer reveals that the promoters have previously received $17,500 for the same service from another third party.
The short “breakout” alert is not a surprise, as there was probably not much more to say about Eco2 Forests. The company is a proud owner of the red “STOP” No Information shield on the OTC Markets and issued news for the last time more than five months ago. Since then, it is not known what happened with the announced in December plans for joint ventures in Europe and the promised $120 million returns even seven year cycle.
Any financials worth mentioning are also not available, maybe only that before going completely underground ECOF claimed in its latest quarter report to have $61 million in land, property and equipment.