Ecometals (EC.v): Scumball at work

I find it incredible that people put their hard-earned money in the hands of total scam-runners like the people in charge of Ecometals (EC.v). Take for example the Non-Executive Chairman, Keith Robert Hulley. An ounce of DD will tell you his previous track record:

1) Non-exec chairman of Apex Silver. Result? Bankrupt.
2) Director Gabriel Resources . Result? Enviro trainwreck.

But they still believe his spiel and still get dollar signs in their eyes when his Ecometals starts wagging on about being 'the next Aurelian'...and how things are different now and yadayada. But when push comes to shove the scumball leopard will never get rid of those blotches on his coat. Let's check the latest filings from this charlatan:

Insider name: Hulley, Keith Robert
10 - Acquisition or disposition in the public market	-116,000
10 - Acquisition or disposition in the public market	-3,500
10 - Acquisition or disposition in the public market	-500
10 - Acquisition or disposition in the public market	-4,000
10 - Acquisition or disposition in the public market	-46,000
10 - Acquisition or disposition in the public market	-10,000
10 - Acquisition or disposition in the public market	-30,000
10 - Acquisition or disposition in the public market	-9,300
10 - Acquisition or disposition in the public market	-8,000
10 - Acquisition or disposition in the public market	-23,700
10 - Acquisition or disposition in the public market	-20,000
10 - Acquisition or disposition in the public market	-9,000
10 - Acquisition or disposition in the public market	-10,000
10 - Acquisition or disposition in the public market	-5,400
10 - Acquisition or disposition in the public market	-15,000
10 - Acquisition or disposition in the public market	-4,500
10 - Acquisition or disposition in the public market	-9,800
10 - Acquisition or disposition in the public market	-100
10 - Acquisition or disposition in the public market	-200
10 - Acquisition or disposition in the public market	-10,000
10 - Acquisition or disposition in the public market	-20,000
10 - Acquisition or disposition in the public market	-13,400

Yep that right: Between December 23rd and December 30th when the rest of you were gleefully buying EC.v and whacking it up to over a buck on the BS being vomited about Zarza, the man that knows more about this company than anybody else was selling. And selling to the tune of 252,400 shares for gross proceeds of $374,881...and seven cents. It's bad enough that the stock he sold is now worth $175k less than he did when he sold it, but to add insult to injury he sells it in the last week of 2009 and doesn't even bother about telling anyone, saving the late filing for a full two months after the fact (Feb 3rd) and thumbing his pig-greedy nose at the OSC into the bargain.

But the funniest thing of the lot is that this won't shake the religious belief that utter saps have about the future of Ecometals as their ticket to fortune. The same sector of the investment community that get to the end of their trading lives and wonder why they didn't make it big like that Buffett guy did. So let me tell you why you'll fail at trading, EC longs: You are assholes. And a scumball like Hulley will rip off assholes like you every single time.

DYODD