Ever since the acquisition news came out EnergyConnect Group Inc.(OTC:ECNG) has settled on a level on the stock market that remains unchanged up to now. Trading volumes decreased, going back to the levels of 2010. Something interesting happened yesterday, however. Something that this stock has not seen since the name Johnson Controls came into its announcements. 
More than 6 million shares exchanged hands this Wednesday, although there was no change in the stock price, the session closing at $0.22 per share. Such trading activity is way above the average for April and May and it was last seen in the beginning of March when the sharp jump from $0.12 to $0.21 per share took place. Does this mean that there is something coming up that the general public is not familiar with? After all, the trading volume on Tuesday was almost 100 times smaller.
There is not much activity in financial forums and blogs over the Internet as well. No news, no promotions. This May, there is only a 10-Q statement for a quarter with an end date April, 2nd this year. Given that Johnson Controls is interested in ECNG, it is only natural that the financial statements do not look bad at all. The question remains though – what would be the outcome of all the lawsuits initiated in the last few months and targeting the acquisition of EnergyConnect? [BANNER]
Several law offices have launched investigations, more or less questioning whether the terms of the acquisition are in the best interest of shareholders. In terms, this is the major break which caused this stock to stand down, settling in the range $0.21-22 ever since March. There are fears associated with a stock price “dropping like a rock”, and there are the ones who wait for the rally to commence on the stock market once again. In terms, interesting times are coming for ECNG. Whether they would really bring value to the current shareholders is yet to be seen.
