ECC Capital Corporation (PK) (ECRO) News

Nice vol

I've written ECRO up here;

https://www.elementaryvalue.com/home/ecc-capital-corp-ecro-patience-is-a-virtue

Update: Press Release

https://ecccapital.com/News/06-16-2020%20%20Business%20Update.pdf

https://ecccapital.com/News/06-16-2020%20%20Business%20Update.pdf

Doubled at open today, on over 900k volume. This horse isn't dead yet?

https://www.ecccapital.com/news/

wasnt dumb enough to buy this

Beware posters who use ALL BOLD

Not referring to "the Dog". You can scroll down and see the nonsense I'm referring to.

Oh, and if somebody said "buy" and you did, don't expect them to tell you when to "sell", cuz they won't.

They're gone.

Heck, you may have even bought THEIR SHARES!...

GLTU!

curious where everyone went that said this was a gold mine etc - wheres the Dog that lead people to a bone that wasnt real? SCAMMY Gurus

You mean restatement right?

I like dividends. Provable, payable dividends.

Does ECRO have any, or will it ever? How can we know?

Financials are so old and out-of-date, and the company has essentially been dark for 10 years. This appears to have gotten somebody's attention, for unknown reasons.

As mentioned, it's NOT a "RE-instatement", it's a company RESTATEMENT which in this case reads like a poison-pill to prevent an outsider takeover or something.

Kinda like the OPPOSITE of a reinstatement.

"The Amendment and Restatement adds new ownership and transfer restrictions ... if it is no longer in the best interests of the Corporation to qualify as a REIT but... determines subsidiary or affiliates STILL qualify as a REIT."

Confusing legal-speak, but still sounds like a poison pill. Correct me if I'm wrong.

And explain if able, WHY DID THEY DO THIS?

[$ECRO has a website but difficult to perform any real DD via the usual sources.]

What's the deal here? Why did it fly then flop?

Yep, looking good and holding gains nicely here... $ECRO

Looks like we hit the MOTHERLODE with this one. Wait until folks catch on after the Xmas holidays :)

Company clearly stated that it's not qualifying for real estate investment trust any more! and wasn't a reinstatement it was restatement.

not qualified anymore? we seeing selling due this?

Wow this one reminds me of UNRG when i rode it from PENNIES to .50 cents. Looking for entry here

Company is no longer qualify for REIT

https://twitter.com/TheBull_Stocks/status/1207685433259417600

$ECRO: There goes $0.02


$0.03 next


Ready to roll baby.


GO $ECRO

$ECRO: Love this volume coming in .... Recognition


Love it.


Its about time



GO $ECRO

$ECRO morning sellers drying up here. ask slappers arriving.

Nice start here...more to come! $ECRO

$ECRO: Reinstatement... well lets gooooooooooo


Now hitting $0.0142


I'm all ears.


GO $ECRO

Yep, it looks like $20 and $1 per page... I will look around someone might post something from it...GL $ECRO

Will that 69 page pdf image come on later or do we need to buy it..I'm not sure with Maryland.

$ECRO Articles of Amendment and Restatement

https://egov.maryland.gov/BusinessExpress/EntitySearch/BusinessInformation/D07880099

$ECRO: $NAFS just woke-up... now $ECRO gonna follow

Nice to see these sleeper getting taken out.


$ECRO very thin to the upside... possible reinstatement or RM shell play.



Currently at $0.0115



GO $ECRO

$ECRO: Moving again.... over 200k traded already


Now at $0.0115


GO $ECRO

$ECRO: Looking at some Volume ROLLING in here

Could be set to go.


$ECRO

I am still holding....

I sold a few months ago. Just saw this because you answered my post

anything going on here...???

Even though the guys says don't buy. Lot of people who never heard of ECRO may get in
http://seekingalpha.com/article/274426-dividend-investor-boot-camp-6-mortgage-reit-mop-up?source=yahoo

CORONA DEL MAR, Calif., June 3, 2011 -- ECC Capital Corporation (OTC:ECRO.PK), a mortgage finance real estate investment trust, announced today that its Board of Directors has declared a cash distribution of $0.03 per share of common stock. ECC Capital will make this distribution on Thursday, June 23, 2011, to shareholders of record on Tuesday, June 14, 2011. The distribution will have an ex-dividend date of Friday, June 24,
2011.

http://www.ecccapital.com/News/news060311.pdf

Paying a dividend

3 cents is better than nothing
http://www.ecccapital.com/News/news060311.pdf

Last year was the first year since 2005 that they did not pay a divy. Hope we see one too

so has anyone herd about anything thats going on with this company ? yeah you would think that they would put up some kinda news :( it sure would be nice if they payed a divi this year !

Well the good thing there is. If we have been here 15 months or so, we should all have free shares

No news here. If there is no Dividend, this will be the first non dividend year since 2005

yeah i think this company is going under but not to sure cause its been a year and there has been no news and no insider tradeing going on .

It is now a couple months past the normal distribution announcement and dividend date and still nothing. I see nobody has posted in a while. Does anyone have any news?

This is around the time when ECRO announced the dividend last year. Like to see a nice one this year too. I would settle for .09 myself, but I'll take all I can get. Nothing I seen says one is coming but, they are pretty regular with them

I just let it ride. I believe this one has paid a dividend every year since 2004 or 5. One year it paid 3 dividends. The lowest one I saw was .09 cents. I have received 2008 a 2009 at .16 and .12. My shares are free now.

boy it sure would be nice to know what this company is doing these days lol maybe they should of asked for the bailout to lol !

Are insiders selling or buying ECRO ? Does anybody know that?

yeah well i sure hope they get to pay us all one this year boy i sure could use a bail out lol hahahahaha

Don't know how they do it but since 2005, I believe they have paid at least 1 divy per year.

yeah it dont look like to much is going on with this company anymore looks like there keeping things on the down low again . who here thinks they will pay a divi this year or even be able to stay in the game and not go under ??

Up a penny.40, keep it going ECRO

Did it again....who is selling?