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Echo Automotive, Pump Continues as the Dump Begins

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February 07, 2013 – Comments (9)

Echo Autmotive drops 26% this morning as the company continues to put out PR. Possibly the beginning of the end for this promotion, and I'm doing everything I can to make sure the truth gets out about this company that:

1) has no revenues

2) has no product

3) has no net cash on the balance sheet to produce its concept and make an actual product

4) is being mercilessly pumped by promoters who have spent millions of dollars

5) doesn't answer its phones (at least when I call)

6) is run by a couple of guys who appear to have experience that looks like "used to run a car repair/hot rod parts shop" Oh, a striking number of businesses appear to have failed, or at least no longer appear as active businesses in Arizona.

7) Promises an, off-the-shelf "technology" that costs little, can be installed in hours, and save's thousands of dollars a year. Yet hey, no one else has thought of it, and best of all, instead of taking this great idea to real venture capitalists or car companies, and making money right off the bat, they're selling shares to us!

I've contacted the Mayor of Indianapolis through multiple channels to let him know that he's become involved in a stock promotion. I doubt he'll be so gullible next time Echo comes calling for a PR blitz.

I've also contacted the news department at the Indianapolis Star, so they can keep an eye on this promotion and the Mayor, to make sure it all stays on the straight and narrow. Finally, I've dug up a few more breadcrumbs in the twisting trail between the company and its network of promoters. This I've sent to the SEC, which has a decent record of shutting down these promotions -- and sometimes jailing the people behind them -- once they get into the range of millions spent and hundreds of millions in worthless market cap.

In my opinion (and my record on these schemes speaks for itself) you buy shares of Echo Automotive and you guarantee yourself a loss of near 100%.

If Echo Automotive actually has a product and a future, there will be plenty of time to make money after they've proven it. Until then, ask yourself why the only thing the company produces is PR.

9 Comments – Post Your Own

#1) On February 07, 2013 at 2:23 PM, Tagit (42.80) wrote:

ECAU.OB

 

http://seekingalpha.com/article/1163721-echo-automotive-the-155-million-company-driven-by-promotional-steam?source=google_news

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#2) On February 07, 2013 at 2:50 PM, Tagit (42.80) wrote:

Yep, Tis not a Hidden Gem?

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#3) On February 07, 2013 at 8:24 PM, HarryCaraysGhost (99.62) wrote:

Ha,Ha, Ha. This too funny-

I got a 15 page report in the mail today.

Lo and behold it was The Chuck Hughes Microcap Report.

The pick ECAU.

Busted out the red thumb in two seconds flat :)

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#4) On February 08, 2013 at 7:05 PM, HarryCaraysGhost (99.62) wrote:

hmmm, my pick didn't register even though the stock trades at $1.51 and had a volume of over two million.

It wouldn't be very fair if only TMFstockscam were able to harvest the points on this one.

I'm calling shenanagins!

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#5) On February 11, 2013 at 10:50 AM, TMFBent (99.81) wrote:

It wouldn't be very fair if only TMFstockscam were able to harvest points on this one.

TMFStockSpam is a teaching account with special priv's in order to prove a point. Very few of the stocks it rates are available to the rest of the CAPS community. And it's a good thing, otherwise, as TMFStockSpam shows, the easiest way to get to number 1 would be simply to red thumb promoted stocks. CAPS has other, greater aims, which is why only TMFStockSpam gets market cap / volume dispensation.

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#6) On February 11, 2013 at 6:26 PM, HarryCaraysGhost (99.62) wrote:

Ok, I get that.

Thanks for the reply.

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#7) On February 11, 2013 at 7:52 PM, HarryCaraysGhost (99.62) wrote:

Just out of my curiousity, not that I'm trying to be a pest.

Why was I able to place the red thumb, if it were NA the next day?

Also like I mentioned the stock met price and volume requirements.(at least that's what Yahoo told me, and my understanding of Cap's rules)

Cheers.

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#8) On February 12, 2013 at 9:01 AM, TMFBent (99.81) wrote:

On any given stock, I don't know why or why not a red thumb might not work. In general, TMFStockSpam is allowed to rate stuff that's tiny and illiquid in order to give us tracking on piles of lousy, promoted stocks so that we have a nice record of just how terrible this stuff is. A lot of these stocks have such lousy trading patterns and the data feeds are, I would guess, lumpy or bad.

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#9) On February 12, 2013 at 3:03 PM, MKArch (99.70) wrote:

There was a glitch in the CAPS system, you can rate it now. Thanks for the easy points and accuracy Seth!

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