The shorts have been making out very well last couple of days. This is an easy stock to short because a royalty trust doesn't respond to rumors. One good thing is that we will know in the next few quarters who is right. If the distributions drop in a major way then the shorts are right. But if we can get another dollars worth of distributions the rest of the year we may be ok.
Always the refuge of people who have no idea what is going on. That and calling 'manipulation'.
If you had been around on this board and other trust boards for any length of time, you would know I am long on this and most of the other trusts. I have been posting here since the IPO and I posted at time of the last distribution announcement that the next one would drop to around 50c.
For the record, I have a position purchased at time of IPO around $20, received $6 per unit in distributions giving me a rough basis of $14. I have added to other trusts on recent weakness but not on ECT and will not unless it goes much lower.
As for not responding to rumors: what you call rumors are simply quotes from the trust's own SEC filings. This week's article was sensationalist, but the article by Daniel Moore in February is very balanced and gets the numbers directly from the most recent SEC filing.