Ecosciences Inc (OTCMKTS:ECEZ) Loses Its Footing Again

Imagine that you’re a penny stock promoter for a moment. You are given some money, you try to pump a penny stock, but you fail miserably at making any sort of impression on the market. What do you do? Well, if your name is Andy Carpenter, you try again. A couple of months ago, he didn’t quite manage to attract enough attention to Ecosciences Inc (OTCMKTS:ECEZ) and last week, he attempted to revive the pump. We’ll now see if he is having more luck this time.

Volume-wise, things do look better. The pump campaign was restarted with the help of a few relatively small newsletters who set themselves the task of spreading Mr. Carpenter’s optimism around, and immediately after they sent out their alerts, investors started paying more attention. The volumes have been significant ever since, but unfortunately, they are not bringing in the expected boost.

Indeed, five consecutive green sessions between August 10 and August 14 pushed ECEZ closer to the $0.50 mark, but yesterday, a significant portion of the gains were wiped out when the ticker lost more than 17% of its value and settled at $0.40 per share. Some people probably saw the drop coming and they were quick enough to get out on time. Others, however, are most likely still stuck and they’re wondering what’s going to happen next.

Sadly, the future is all full of unknowns. The pumpers have a budget of $350 thousand to play with and there’s no telling how much of it is still left lying around. If the touting continues, the ticker might just experience one or two green sessions. Then again, others seem to be working against the stock or, at least, against the pumpers.

Earlier today, an article appeared (the author disclosed no position in ECEZ) on a popular financial website and it’s fair to say that it’s not exactly positive. We should soon know how the stock reacts to the negative coverage.

All in all, ECEZ might go up in the next few days or it might continue falling. The pump and all the uncertainties associated with it should be considered if you are contemplating trading the stock in the hope of a quick buck in the next sessions.

When it comes to investing in the long run, however, things are a bit more clear-cut.

At the moment, ECEZ is far from being a successful business venture. According to the SEC filings, it only has one full time employee, and with just over $10 thousand in assets and less than $5 thousand in quarterly revenues, its financial situation is not exactly rosy.

To top it all off, there are some convertible notes which can be turned into stock at a fixed price of $0.01 per share and the people who got just under 57 million shares at a split-adjusted price of $0.0002 per share could still have some stock left.

The vast number of hugely discounted shares means that any sort of stable performance will be extremely hard to achieve. That is also something you should bear in mind if you’re considering putting your money on the line.