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Results from Echo Energy – the next bust from James “Dracula” Parsons?

By Tom Winnifrith | Friday 12 June 2020


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Sound Energy (SOU) limps on. Dracula is still a consultant as the company tries to sell its main asset to a bidder which has no money. Without such a disposal – and I am sure you can spot the flow in this “cunning plan” - the company will be unable to pay its debts as they fall due and will almost certainly go bust. So, what of another hound in Dracula’s kennels, Echo Energy (ECHO), which reported its results today a headline loss of $10 million is pretty good going.

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