Echo Automotive, Inc. (OTC: ECAU) Off to the Races!

Penny Stock on Fire!

Update: Echo Automotive, Inc. (OTC: ECAU) made a spectacular run up earlier this year to highs of $3.50 per share. Since then the stock has continued to collapse and looks to be headed to a qaurter and fast.

To Get the REAL inside story on ECAU and the multi-million dollar stock promotion that’s driving it, subscribe to OTCMAGIC right now!

 
Echo Automotive, Inc. develops technologies and products that allow the cost-effective conversion of existing vehicles into highly fuel-efficient hybrids and plug-in hybrids.The Company is based in Auckland, New Zealand and manufactures cost reduction technology (EchoDrive) for converting fleet vehicles into highly fuel efficient plug-in hybrids. The company was incorporated in 2008 and is based in Auckland, New Zealand.
 
On January 24 ECAU announced the unveiling and demonstration of an EchoDrive(TM) powered production-ready vehicle at the upcoming NTEA (National Truck and Equipment Association) tradeshow held in Indianapolis, Indiana March 6-8, 2013. 
 
Echo President, Jason Plotke said  "The NTEA is a significant venue to introduce the EchoDrive(TM) brand to the market place, Many of our top customers in the work truck sector will be in attendance and we intend to field a large and knowledgeable team to maximize our visibility and leverage our presence by ensuring we offer plenty of opportunities for hands-on presentations of the EchoDrive(TM) system."

While the multi-million dollar stock promotion continues led by Five Star Equities and many others, ECAU continues to move higher on massive volume. Investors should be aware that besides the hype, this Company has little assets, no revenues and very high overhead.

Conclusion: ECAU may continue higher in the short term due to the aggressive multi-million dollar stock promotion. Long term the stock cannot maintain anywhere near its current $100 + million market cap and will fall significantly. Stocks with little fundamentals and massive stock promotions always turn out badly for investors in the end.

To get the inside scoop on ECAU subscribe to OTCMagic.com right now. Also everyone should know, we have something HUGE coming!

 

Echo Automotive, Inc.
Louis Rosen
Michael Spiegel
echoautomotive.com
 
STOCK INFORMATION
SYMBOL: OTC: ECAU
Shares Outstanding: 75,000,000
Market Cap: $66,000,000

Echo Automotive, Inc. (OTC: ECAU) was organized under the laws of the State of Nevada on September 2, 2008 as Canterbury Resources, Inc. Canterbury’s initial business plan was to acquire and explore mineral properties. Canterbury has not generated any revenue from its business operations to date, and to date, has been unable to raise additional funds to implement its operations.

Formerly=Canterbury Resources Inc until 9-2012
Capital Change=shs increased by 5 for 1 split. Pay date=08/27/2012.

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