{"id":685,"date":"2013-02-06T08:41:00","date_gmt":"2013-02-06T08:41:00","guid":{"rendered":"\/?p=685"},"modified":"2013-03-25T19:56:00","modified_gmt":"2013-03-25T19:56:00","slug":"echo-automotive-inc-f-k-a-canterbury-res-inc-otcecau-tries-to-gain-credibility","status":"publish","type":"post","link":"\/articles\/echo-automotive-inc-f-k-a-canterbury-res-inc-otcecau-tries-to-gain-credibility\/","title":{"rendered":"Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) Tries to Gain Credibility"},"content":{"rendered":"

\"12ECAU_chart.png\"Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU<\/a>) gained another 11.63% yesterday. The price reached as high as $2.25 per share, but at the end of the session ECAU<\/a> closed at $1.92 on 3.6 million shares. <\/p>\n

\"8STEV.png\"One possible catalyst for the positive performance was a press release which said that Indianapolis Mayor, Greg Ballard, had taken a test drive of a Ford E-250 equipped with ECAU<\/a>‘s EchoDrive.<\/p>\n

The press release goes on to say that Indianapolis is replacing its fleet with electric or plug-in hybrid vehicles. However, it’s not clear whether ECAU<\/a> will actually get any business from the City of Indianapolis.<\/p>\n

Unfortunately, that’s the really important question for ECAU<\/a> shareholders. It’s no secret that there are attempts to minimize oil dependency, but unless ECAU<\/a> proves it can make money out of it, shareholders won’t really get anything.<\/p>\n

\"4STVF.png\"This test drive does give ECAU<\/a> some credibility, but it can’t erase the fact that the company was pumped by paid promoters. Additionally, ECAU<\/a> hasn’t filed anything with the SEC since December 18, which leaves the public with very little official information on the company and its dealings.<\/p>\n

As mentioned in previous articles, the long-term performance of the previous companies touted by the same promoters and newsletters has been disappointing, to say the least.<\/p>\n

A year after its pump job Stevia Corp. (PINK:STEV<\/a>) is down about 80% from the pump high. The same goes for Stevia First Corp (PINK:STVF<\/a>) about 10 months after its pump. Both companies are reporting huge losses, and there’s no guarantee ECAU<\/a> will do any better.<\/p>\n

\"\" <\/p>\n","protected":false},"excerpt":{"rendered":"

Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) gained another 11.63% yesterday. The price reached as high as $2.25 per share, but at the end of the session ECAU closed at $1.92 on 3.6...<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[58,270,269],"class_list":["post-685","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecau","tag-stev","tag-stvf"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=685"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/685\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}