Barely traded over the past year, the stock of Ecoland International, Inc. (OTC:ECIT) got some extraordinary activity in the last two sessions of last week which resulted in a close at the 52-bottom. Promoters expect a huge run for ECIT today since they have sent e-mails on the stock, distributing an announcement from Saturday. 
ECIT closed on Friday at $0.20 for a share without any change from the previous close and on a trading volume of 21,000 shares. For today’s session, there could be much more volatility and trading volume than normally due to promotional e-mails for ECIT sent over the weekend and a new press release from the company.
The promotions are sent by two websites and the disclaimers say that the promoter expects to receive one million restricted shares of ECIT over the next month. That compensation should be for six months of coverage and the disclaimer states also that shares received as compensation are to be sold at the open market immediately upon receipt, or during the dissemination of the adverting mails on ECIT.
Given the low liquidity of ECIT, one million shares of the stock could have a devastating effect on the share price, leading to a much deeper bottom than the current one. Yet, since the shares would be restricted, it is up to see if or when they would become freely tradable.
The news from Saturday is that ECIT has signed a Letter of Intent to acquire another company, yet no 8-k has been file yet. Ecoland was incorporated in 2005 and since then it is engaged in extracting and selling Dry-bar cave bat guano from deposits in Angola/Mozambique. The company’s product is used as organic fertilizer and is currently distributed in the United Kingdom and in South Africa.
ECIT business has not seen any success so far, according to the management, because the company never had sufficient working capital for marketing purposes and for establishing distribution channels. There is not guarantee whatsoever that ECIT would now suddenly become attractive for investors, who would provide the $500,000 that ECIT needs over the next year to achieve its objectives.
Another thing is that the company had lastly over $600,000 in current liabilities, which cannot be met with the current assets of $5,706.
