"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.

One of the largest shareholders has been meticulously and laboriously keeping track and recording the market-making activity in this stock for about 4 years, at least. Eveyone of us with decades of trading experience have evaluated this data and it is unequivocally illegal manipulation, likely in conjunction with a rogue blogger who operates out of Peru. I even believe Citadel Capital, the Chicago-based hedge fund may be the lead perpetrator. Having said this, the shareholder referenced above has filed several complaints with the regulatory officials in Canada - I have seen some of these complaints - and of course the complaints have been arrogantly and summarily dismissed. It is beyond absurd but not unexpected given the corrupt nature of the regulatory bodies governing both Wall Street and Bay Street in Canada."

Comments:

Based on everything that has been discussed on this topic, I suspect the "rogue blogger" that Dave is referring to in his statement above is most likely that Christopher Ecclestone character from Hallagarten & Company who continually releases those blatant hack jobs on ECU. I don't quite understand the Peru connection though?

I don't know if ECU management has tried contacting either Citadel or Ecclestone for clarification on the matter. I don't think Ecclestone has ever bothered to contact the company for comment either, which is something "real" analysts always do.

It would not surprise me if there is also some connection with some of the vermin who reside on chithouse that devote an unusual amount of time and effort to knock a company they obviously don't own shares in. What is the motive there?

The ECU shareholders have had our pockets picked for too long, and if these allegations are true, it's about time we begin to fight back and apply some pressure to the perpetrators.