If you were scanning the OTC in hopes of grabbing a piece of the latest StockTips pick before Mike Statler sent out the alerts, chances are the last penny stock you would have ever considered would have been eCrypt Technologies, Inc. (ECRY). With a trading history that spans back well back into last decade, ECRY stock is, as the alerts predict, set to go bonkers pre-market today. With no revenues to speak of and insiders supposedly holding 79% of the issued shares, the pitch that “cybercrime is a multi billion dollar a year problem” could just be the hint traders need to avoid getting trapped in what’s going to be the biggest volume trading session the ticker has seen all year.
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ECRY Stock Quote
eCrypt Technologies has been around since 2007 and have stayed the course of their business plan, trying to break into the industry whereby they can assist corporate entities, governments and individuals in protecting their organizations and/or critical infrastructures against error, and physical and cyber attack. The mere mention in their filings that the Company has earned limited revenue is an understatement seeing as how $0 had been booked for the 6 months ended September 30, 2014 versus a whopping $1,270 during the same period last year – not even enough to cover the lowest expense on their income statement (amortization and depreciation).
How eCrypt Technologies plans on breaking into the cyber security industry is with their flagship product, eCrypt One, a military strength secure email system that effectively safeguards the exchange, storage and audit integrity of email and attachments. It’s hard to see how they will be able to get people to know about when advertising and promotion expense for the 3 and 6 months ended September 30 has declined to $2,511 and $7,088, respectively, versus $12,314 and $17,425 during the same respective periods last year. It’s hard to spend money advertising and promoting your products when you only have $25,868 in the bank and $1,856,033 in current liabilities.
In comes the savior, Mike Statler and StockTips.com, which issued alerts out on ECRY stock last night shortly after 8PM EST. While eCrypt Technologies might not have a budget to promote their flagship product, the disclaimer within the alerts is calling for a $5,100,000 budget to be spent on ECRY awareness, the exact same amount that was printed within the TGRO, WPWR, PGFY and ALKM alerts.
On Monday, PR was issued stating that Cicada Security Technology Inc., together with its marketing alliance partner Ecrypt Technologies, launched Cicada II to its Cicada line of data privacy technologies which is said to extend the scope of the Cicada protective model to include coverage of Bluetooth enabled smart phone and tablet based devices. What really needs to be launched is some form of protection for traders so that they don’t get caught in the ECRY gap today and wind up crying in their beer all weekend, hoping that it runs like the last couple of StockTips picks.
The form filed with OTCMarkets in August claims that roughly 79% of ECRY stock is owned by insiders or those close to the Company. If that really means that only around 27 million shares are in the float, maybe, just maybe $5,000,000 in volume will trade over the course of the next few sessions. It’s gonna take a whole lot of feeling secure to hold ECRY over the weekend for those who learned the hard way when PGFY was suspended by the SEC just a week or so into the StockTips promotion.
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About ECRY Stock
eCrypt Technologies, Inc. is a development stage company focused on one day the marketing and distributing proprietary and allied security, defense and information security software, hardware and services.
Click here to view the SEC filings for ECRY.
Click here to view the website for eCrypt Technologies, Inc.
Authorized: 500,000,000
Issued and Outstanding: 128,538,890
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 11/20/14 | 0.1300 | 0.1325 | 0.1300 | 0.1325 | +0.0115 | +9.50% | 98,500 |
| 11/19/14 | 0.1300 | 0.1350 | 0.1188 | 0.1210 | -0.0090 | -6.92% | 278,200 |
| 11/18/14 | 0.1300 | 0.1399 | 0.1300 | 0.1300 | unch | unch | 28,800 |
| 11/17/14 | 0.1310 | 0.1490 | 0.1300 | 0.1300 | -0.0060 | -4.41% | 82,500 |
| 11/14/14 | 0.1341 | 0.1360 | 0.1310 | 0.1360 | +0.0010 | +0.74% | 67,500 |
Bottom Line:
Even though ECRY has an established trading history, all of the technical data to trade on goes right out the window now that StockTips has declared it their newest penny stock pick. While a gap is ever so likely, the 10AM – 10:30AM trades will determine just how strong ECRY stock can hold up on the last session of the last full week of November.
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