The person is said to "whack the bid down", since selling at or below the bid will usually lower future bids. Bid whacking usually perturbs other sellers, since it may temporarily drive down the market price of a security.
I have been receiving many E-Mails from investors the past few weeks. I am sorry but I was not able to respond. This blog is my form of returning the many requests for information. I can finally say the wait was well worth it. ECOS has received major investment from Chicago Venture Partners . This infusion of funds will be used to supply orders of D-20 (kerosene, methanol and water emulsion for the heating of poultry aviaries) from 3,000 chicken farms and approximately 1,000 duck farms in Korea. Our goal is to deliver 400,000 liters of D-20 per month in January 2014. By February, we expect to ramp up production and plan to produce a total of 800,000 liters per month. Approximately in July 2014, we will have the ability to deliver 2.4 million liters per month, satisfying the orders that we have been requested to fill. By April 2015, ECOS will have the capacity to produce 18 million liters per month. D-20 fuel currently sells for $0.487/liter. Additionally, the factory will be able to supply 2 NPU-60’s, and the required additive (5000 gallons per month per NPU). Each NPU-60 has a production capacity of 18,000 gallons of M-Fuel per day. We are projecting to deliver 6 units over the next 12 months." The D-20 technology is the only fuel that has been tested by the Korean Poultry Association which reduces the heating costs by 30%, reduces poultry time to market from 35 days to 32 days (which provides an extra cycle of breeding per year), and reduces poultry mortality by 1.5%. A typical aviary houses approximately 35,000 chickens, which means that, in addition to cost savings, the farmer could gain a minimum of an extra 8,400 chickens per year, or 25,200 lbs. Korea exports over 800,000 lbs. of chicken to Asia and Europe. We plan to submit a formal press release to be sent this week. I will be reporting on the progress of the factory as we are putting the equipment together.
search-- Ecolocap- turning the future green-- you can read the CEO's Blog there also