{"id":721,"date":"2013-02-01T10:59:00","date_gmt":"2013-02-01T10:59:00","guid":{"rendered":"\/?p=721"},"modified":"2013-03-25T20:14:28","modified_gmt":"2013-03-25T20:14:28","slug":"echo-automotive-inc-otcecau-f-k-a-canterbury-res-inc-trying-to-recover","status":"publish","type":"post","link":"\/articles\/echo-automotive-inc-otcecau-f-k-a-canterbury-res-inc-trying-to-recover\/","title":{"rendered":"Echo Automotive, Inc. (OTC:ECAU) f.k.a. Canterbury Res Inc Trying to Recover"},"content":{"rendered":"

\"1ECAU_chart.png\"Echo Automotive, Inc. (OTC:ECAU<\/a>) f.k.a. Canterbury Res Inc is trying to recover losses from the previous two sessions in early trading today. <\/p>\n

The previous two days ECAU<\/a> lost 40% and then another 29.38%. At the time of this writing the price is up 19% at $1.63 per share.<\/p>\n

\"STVF.png\"To get back to the highs from Jan. 29 ECAU<\/a> would have to gain more than 100%. That’s unlikely, mostly because ECAU<\/a> is a pump job. It seems the people behind this pump are the same who pumped Stevia First Corp (PINK:STVF<\/a>) back in March 2012.<\/p>\n

There are some other reasons too. ECAU<\/a> claims it’s the developer of technologies that allow the conversion of vehicles to fuel efficient hybrids. The problem is the company hasn’t proven it can make any money.<\/p>\n

ECAU<\/a> became a publicly traded company after a reverse merger with a shell company, which had recently done a forward stock split. ECAU<\/a> has extremely limited current assets and more than a million in liabilities. It also hasn’t generated any revenue. All tell-tale signs of a pump scheme.<\/p>\n

The company hasn’t filed anything since Dec. 18, 2012. It has, however, made a couple of announcements. ECAU<\/a> is supposed to be an exhibitor at an NTEA trade show in March.<\/p>\n

Until ECAU<\/a> can prove otherwise, there’s little reason to believe it would do any better in the long run than the previous companies touted by the same promoters.<\/p>\n

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

Echo Automotive, Inc. (OTC:ECAU) f.k.a. Canterbury Res Inc is trying to recover losses from the previous two sessions in early trading today. The previous two days ECAU lost 40% and then another 29.38%. At...<\/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":[58,269],"class_list":["post-721","post","type-post","status-publish","format-standard","hentry","category-news","tag-ecau","tag-stvf"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/721","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=721"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/721\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}