Echo Automotive, Inc. fka Canterbury Res Inc (OTC:ECAU) Dashing Shareholders` Hopes

Yesterday Echo Automotive, Inc. f.k.a. Canterbury Res Inc (OTC:ECAU) lost another 25.83% closing at $1.12 per share, down about 65% from the pump high of $3.25.

There were shareholders hoping for a bounce, but it wasn’t their day, and there is a distinct possibility that day may never come.

The company has been silent after the announcement from Feb. 7. It’s not clear what advice Dale Jensen, the new Advisory Board member, may have for ECAU, but the stock is tanking fast, and if Mr. Jensen has any bright ideas this may be a good time to share them.

It may be a decent move on ECAU‘s part to provide the public with some official filing rather than fluff press releases, but it doesn’t seem likely, as the due date for their annual report isn’t any time soon.

While some believers may have lost thousands on ECAU, it was actually a good pump job for the pumpers and traders who played the pump for what it was.

With Stevia First Corp. (PIKN:STVF) and Stevia Corp (PINK:STEV) the outfit has a track record of three pump jobs that ran above $2 and when they decide to crawl up with another “pick,” it will probably generate a lot of hype again.

Hopefully, those who got burned on any of these have learned their lesson. For those still in ECAU, it may be a good idea to minimize losses. It tends to get harder to get out as time passes and interest fades.