{"id":5850,"date":"2015-06-03T13:13:13","date_gmt":"2015-06-03T13:13:13","guid":{"rendered":"\/?p=5850"},"modified":"2015-06-03T13:39:27","modified_gmt":"2015-06-03T13:39:27","slug":"ecrypt-technologies-inc-otcbbecry-tanks-hard","status":"publish","type":"post","link":"\/articles\/ecrypt-technologies-inc-otcbbecry-tanks-hard\/","title":{"rendered":"eCrypt Technologies, Inc. (OTCBB:ECRY) Tanks Hard"},"content":{"rendered":"\n

In yesterday’s session the share price of eCrypt Technologies, Inc. (OTCBB:ECRY<\/a>) got sliced by more than a half. ECRY<\/a> was trading in its usual volumes up till noon, then all hell broke loose and by the closing bell the stock had tanked 56% on a massive volume spike.<\/p>\n

By the close of the session over 9.8 million ECRY<\/a> shares had changed hands and the stock was flattened to $0.011 per share. There is no obvious immediate trigger that dragged ECRY<\/a> under. That’s not to say that things are going particularly well for the company. Its latest filing from mid-May informed that its CFO and COO, Mr. Brad Lever, quit both of those positions.<\/p>\n

For those who come across the stock just now, it’s worth repeating that ECRY<\/a> was the last 2014 pick of stock promoters Stock Tips, who disclosed a ludicrous $5.1 million supposedly paid to promote the stock back in December. Pulling up a 7-month chart of the ticker shows just where the pump kicked in, the furious volume it brought and the subsequent horrendous crash.<\/p>\n

We took a look at the company’s last available balance sheet in a previous article and things were not exactly rosy:<\/p>\n