It is a long weekend so a bit of old commentary:

Friday I received a letter from a concerned shareholder about what is happening to ECU regarding depreciating share price.
I am not the one with the answers, but like most I have opinions and am liberal at sharing them.
I am convinced that ECU's shares are being deliberately manipulated to panic weak holders into parting with their shares, and not just parting, but at the lowest price possible.

If these were the only shares that I saw with this behaviour, you would not be reading this post. I believe with many stocks some manipulation occurs to some degree at one time or another. I have no priviledged knowledge, it is just my impression and a sense of conspiracy.

But once in a while it becomes so obvious that it is difficult to ignore. I experienced previously two such cases. One of these started about two years ago, for over a year it was anything was fair game, and now most of the bashing has disappeared.
I think it started because this company 'G' ( I'll call it such because it is into gold ) finishing drilling up a sizable resource and was about to produce a resource report and a feasability study there after. From the steady reports of the drilling and a previous resource report the resource was expected to be substantial and shares outstanding were not large in proportion.
Within a few days a flood of one and two lot trades came on, so much so that they were the dominant trades where as before they were in a sizable minority. Almost as soon came the bashers. Before there was an occasional poster with a negative or nervous disposition but there were none in droves. This time there were multiples and each in support of the other. It is normally difficult to get two people to agree on anything, imo. And this was after the situation of improved resource to outstanding shares, so where were they before.

Anyways the bashers persisted for over a year until, in my opinion, all the weak hands sold their shares at half the price and went away. Management holds a substantial portion of shares. Now there are few shares traded (less than 0.1%), about 90 percent one and two lots at a time.
(Extreme example, twenty trades or so in a row of nothing but one or two lots, seen a few cases of three or four in a row between the same buyer and seller in less than a minute, computer trades?).
G is about to build a mine and the price is still lowdue to few buyers. On rare occasions when I manage to have some cash I play the cat and mouse game to get a fill with single lots. They often pull them within sight of a larger bid and I have to wait.

How different is this from what has been going on with ECU so far? As long as there are real sellers at these prices ( below 2$) the situation will continue and probably will finish along the lines of my example of company G. A strong showing in the price of silver may put an end to it but don't count on it as a rescue.