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Thread: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression issu)

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    Default ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression issu)

    Quote:
    Dear Shareholders,

    Gold and silver prices have surged since the beginning of 2011, despite a sharp correction this past week. However, most of the stocks in the mining sector, including both producers and explorers, have significantly underperformed the precious metal price escalation. Many analysts attribute this incongruity to an over-riding investment strategy implemented by many hedge funds in which they "hedge" the sector investment by collectively going long the metal and short the mining stocks.

    Beyond this general sector underperformance, ECU's stock also appears to have received excessive pressure from trading patterns which appear designed to suppress the stock price. Management considers this to be a serious concern and is in discussions with legal counsel regarding the nature of this activity and potential recourse.

    (...)

    http://finance.yahoo.com/news/ECU-Si....html?x=0&.v=1

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Finally, a CEO of a mining company ready to take action. I am going to send a copy to all of my mining stock's CEO's, urging them to take similar action, up to and including writing complaints to the regulatory agencies. Treading softly does no one any good unless you are willing to follow up with a big stick. (sounds familiar. Where did I hear that line?)
    THERE IS NO LAW ENFORCEMENT: Criminal misconduct has become the norm for Wall Street Banksters. No laws are enforced for selling enormous supply without metal. The media reports none of this, as they are owned and controlled by the crooks. The Fiscal Cliff has long been breached, and the US Economy along with the dollar is soon to be a grease spot at the foot of this supposed Fiscal Cliff. Got Silver? Got Gold?

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Until the stock market rigging clears (high freq trades naked shortselling front-running etc) I see no reason to invest in stocks of any kind whatsoever including mining stocks. I know a lot/most people out there are in it for money but not me. **** money jmho

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Fortunately, there is Regulation SHO to the rescue!

    What Does Regulation SHO Mean?
    A regulation implemented on January 3, 2005 that
    seeks to update legislations concerning short sale
    practices. Regulation SHO established "locate" and
    "close-out" standards that are primarily aimed at
    preventing the opportunity for unethical traders to
    engage in naked short selling practices.

    http://www.investopedia.com/terms/r/regsho.asp
    "...a Republic, if you can keep it!" Ben Franklin

    Derivatives are contracts whose value is derived from stocks, bonds, loans, currencies and
    commodities, or linked to specific events such as changes in interest rates or the weather.

    "Money is the future idea of value." Armstrong

    "Pretend inferiority and encourage his arrogance." Sun Tzu
    Be the change you want to see in the world. Gandhi

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Isn't this issue a favorite pick of Bill Murphy? The conspiracy nuts want to put 2 and 2 together.

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Quote Originally Posted by lhslancers3270 View Post
    Isn't this issue a favorite pick of Bill Murphy? The conspiracy nuts want to put 2 and 2 together.
    Correct. It's been a perennial under-performer for years. If $50 silver didn't lift this dog, I dunno what will . . .
    It's better to be early than late to this party

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    ECU is a dog, like many of the other junior miners, because of its horrible capital structure. These company CEO's fund their salaries with share sales, then inevitably blame the "shorts" for their subsequent lack of performance. I use the "shareholder letter" as a big, red flag for any investment. OTC companies have been using this tactic for years.

    Buy the metal and short ECU is what the smart money does.

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    Default Re: ECU Silver Chairman and CEO Provides Letter to Shareholders (stock suppression is

    Let's be real,

    Look at its financials, it is burning cash, and it lost money yet again last year,

    and they are crying about the stock price?

    http://www.ecu.ca/pressreleases/2010...0FS%202010.pdf

    at the beginning of 2009, they had 242M shares out, which since has expanded to 308M shares

    that is a very large number for a really small company,

    this one is bound to be a underperformer for a long long time

    For comparison, a good company with great production, AEM has 169M shares outstanding,

    no conspiracy here, just poor management

    S

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