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Microcap & Penny Stocks : ECOI On the Move
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To: Maria_B who wrote (657)4/19/1999 1:35:00 AM
From: Loren S.  Read Replies (1) of 692
 
You may not be thanking me 24 hours from now. What I was able to do was dig deep enough to find out that ECOI was getting into a new business. I was not able to find out the nature of the business or the finances that would entail from the deal. At first I thought ECOI was buying a new business. Now we find out it is a reverse merger and a reverse split. The stock may turn out well depending on how the new business pans out. We need a lot more details about outstanding share numbers, finances and the business itself before we can determine what is a reasonable value for the stock. Hopefully if they are bringing the stock to $1.00 value, they hope to develop the business, report financials and take it to NASDAQ sooner rather than later. Theoretically at least if they own this Magnesium patent, there is potential for some major deals in production of all kinds of products. Who knows?
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