Today, one particular penny stock with massive subliminal messages flying all around it stood out above all the rest when it made a clear presence made. Eco-Trade Corp. (OTC: BOPT) has been gaining altitude since bouncing of it’s lows of just under 0.20 two weeks ago and today’s session made it clear that it’s not crop dusting the OTC. BOPT stock saw its largest volume trading session ever after announcing late Friday that it is preparing to drill for oil in the Alberta Bakken Fairway right next to the likes of Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc. – a move that has stimulated bought speculation and forced it to be included on the list of OTC stocks to watch this month.
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BOPT Stock Quote
Market Cap: 46.93M
Last: 0.4519 ▲ +0.0499 (+12.41%)
Dollar Volume: $617,275
Issued and Outstanding: 103,854,489
1st Resistance Point: 0.4036
1st Support Level: 0.4766
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The Alberta Bakken Fairway, where Eco-Trade is setting itself up at, is around 175 miles long, from south to north, and close to 50 miles wide from west to east. Included in a number of southern counties, including Lewis & Clark, one need not waste 2 seconds connecting the subliminallality (yeah I made that one up) of the incubators of flight to the recent performance of BOPT stock on the charts.
As of September 30, 2012, current liabilities, $1,389,624, exceeded current assets, $0. Current assets were $0 at December 31, 2011 and $0 at September 30, 2012 whereas current liabilities increased from $1,313,362 at December 31, 2011 to $1,389,624 at September 30, 2012.
An NT 10-K is the most recently filed report with the SEC for Eco Trade whom, as of the last Q filing for the period ended September 30, 2012, was a Company exploring new opportunities that had a boat load of debt – $1,389,624. Among the monies due, Jeffrey Sternberg, Gerry Weinstein, Andre Lauzier and William Lieberman, directors of the Company, Devkom International, LLC and GV Global Communications, Inc. were all subject of the funds due by Eco-Trade.
The future of Eco-Trade now lies in the faith entrusted in Chris Popoff, Co-Founder of Penumbra Energy. Penumbra is renowned for its MSR technology which provides electricity for the Alberta power market as well electricity, steam and hydrogen for Alberta oil sands operators. His appointment recently to the Eco-Trade BoD displays a sense of faith speculators can have in the changing of the old guards.
With prior ties to fraud allegations stemming as far back as February 14, 2007, and links to a once very successful pump and dump, Yasheng Group, Inc. (YASH), BOPT stock has deserves some high-risk attention based on its recent trading activity, especially today’s volume surge. With most of today’s trading occurring shortly after mid day, it wouldn’t be too crazy to think that BOPT stock could see itself in the top 10 traded OTC stock at one point this week.
Yasheng Group failed to comply with a number of agreements Eco-Trade’s former entity entered into back in November, 2009. The Company requested that Yasheng-BVI, an affiliate of Yasheng provide a current legal opinion from a reputable Chinese law firm attesting to the fact that no further regulatory approval from the Chinese government was required along with several other closing conditions. As of September 30, 2012, 500,000 shares of BOPT stock had not been returned to the Company for cancellation.
The changing of the guards and newly created website for Eco-Trade makes awareness of the activity taking place a must-watch event, lest traders not forget that the exploration efforts of the Company are located near Great Falls in Lewis & Clark County, Montana.
About BOPT Stock
Eco-Trade Corporation, an development stage company, is focused on the exploration, drilling and production on the rights to a property in Lewis & Clark County in Montana, near Great Falls totaling over 5,800 acres called the South Bakken Prospect with an estimated reserve potential of between 80 to 120 millions of barrels of oil recoverable.
Last 5 Trading Sessions:
BOPT is trading to aggressively to not be on your list of penny stocks to watch this week. Having come of a slide from the mid 70’s to just under 20, despite having been issuing detailed PR on their Bakken exploration plans for over 3 months, BOPT stock could be an excellent PR bingo player assuming the 10-K is filed this week.
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