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Thursday, June 30, 2022

Ecrypt Technologies Inc (OTCBB:ECRY) It’s All About $0.385

Ecrypt Technologies Inc (OTCBB:ECRY) is moving up fast after the recent bear raid and consolidation took the stock to lows of $0.16 on Friday. The stock has dropped significantly after the explosion on the 19th of November from illiquid at $0.125 to highs of $0.385 on record breaking volume after StockTips announced it as their new pick.

Everyone is looking for a move towards highs and then a break over $0.385 for confirmation of the next leg up. After all this is StockTips we are talking about, responsible for such epic winners as TGRO which made a spectacular run from under $0.25 to over $1.50 per share in December 2013 after they announced it as their pick.

More recently StockTips promoted ALKM which ran from under a dime to over $0.50 on their promotion; if ECRY cannot surpass $0.385 this one will mark a significant set-back for StockTips and investor confidence in their ability to perform.

This morning StockTips updated shareholders: ”Hello Boys and Girls! Statler here this morning…I trust everyone had an amazing Thanksgiving holiday and that you are well rested and gearing up for an amazing week on ECRY next week! I really believe next week could be an amazing week for ECRY…As you know ECRY appeared to be heavily shorted over the 2 sessions prior to Thanksgiving, and we believe ECRY is poised for a MASSIVE bounce! As all my picks do, this is usually the lead up to the next level, and I believe no different for ECRY!

Now is the time to consider ECRY at bargain levels! I believe that shorters will soon run out of steam on ECRY, and because of this our smart readers could kill it on ECRY! If you are not already in the ECRY game, now is the time! Best of luck in the markets today – ALL ABOARD! ECRY IS LEAVING THE STATION! Happy Trading,”

Ecrypt Technologies Inc (OTCBB:ECRY) is at the forefront of data security, specializing in military-strength information security solutions for enterprise, government and military. Ecrypt empowers organizations with the freedom to communicate and collaborate without risk of liability, reputation damage, competitive threat and other negative outcomes. Ecrypt is the trusted first choice for those looking to keep their communications confidential.

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The Company recently announced the addition of Cicada II to its Cicada line of data privacy technologies. According to Cicada Security Technology CEO, Ryk Edelstein, “the Cicada II extends the scope of the Cicada protective model to include coverage of Bluetooth enabled smart phone and tablet based devices”.

At the end of Last week ECRY issued a press release commenting on the recent trading and promotion of the stock. According to the Company they knew nothing about the promotion from Laluna. This seems hard to believe considering the flurry of press releases leading up to the promo launch and a number of other factors but one can’t blame the Company from trying to separate themselves from the StockTips promo.

The PR said that ”they had ”been made aware of a significant increase in the share price and trading volume of the Company’s shares beginning Friday November 21, 2014 and continuing Monday November 24, 2014.”

They go on to say that ”the Company is the subject of a promotional campaign by at least one newsletter writer making unsupported, highly promotional, statements about the Company’s future share price (the “Promotion”). The promotional campaign coincides with and appears to have affected a significant increase in the share price and trading volume of the Company’s shares beginning Friday November 21, 2014.

The Company and its officers and directors did not authorize the Promotion in any way and do not endorse it. The Company and its officers and directors did not participate in, or benefit from, trading in the Company’s shares during the Promotion period.

Sources disclosing the Promotion indicate that Laluna Services Inc. (Laluna) engaged, and may compensate, the letter writer for the promotional campaign. The Company and its officers and directors do not know who beneficially owns controls or represents Laluna, or what interest Laluna has in promoting the Company’s shares. The Company and its officers and directors are unaware of any business reason for the sudden increase in market activity for its shares.”

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Conclusion: ECRY is moving up again after the bear raid and consolidation took the stock to lows of $0.16 on Friday. The stock has dropped significantly after the explosion on the 19th of November from illiquid at $0.125 to highs of $0.385 on record breaking volume after StockTips announced it as their new pick.

Currently trading at a $23 million market valuation ECRY is easily the top traded stock on the entire bb’s. If the $5.1 million promotional budget is any indication of what’s to come ECRY deserves to be at the top of investors watch lists here. Everyone remembers TGRO and the spectacular run it made from under $0.25 to over $1.50 per share last year and they are hoping Stocktips can do it again with ECRY.

In the end it’s all about the $0.385 high ECRY made its 1st day out; if it can’t break it ECRY is StockTips biggest disappointment in a while but if ECRY does surpass the $0.385 confirmation of next leg up investors will know this is a winning promo in full swing that can propel ECRY much higher.

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Disclosure: we hold no position in ECRY either long or short and we have not been compensated for this article.

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