Eagle-Picher Corp. (fka EGLP)

[arsnlgnrs]

Yup! Just checked my account I guess we can officially say it's over.

[Renee]

EGLP Finra deleted symbol:

http://otce.finra.org/DLDeletions

[Churak]

one of these days, Alice...one of these days...heck, it worked on RIVT...maybe lightening will strike twice? LMAO

[hh718]

Good New Year, All!

[hh718]

Still digging into this, Milburn D; my info contradicts EaglePicher corporate's assertion EGLP shares were issued pre-bankruptcy. Lots of deep pockets backing the same lie. IMO, shares were issued post-bankruptcy. High risk play, if you can pick up shares in certificate form could yet be a huge payoff. LONG odds, though. GL!

[Milburn D]

Hmmmm. Well, I bought SOMETHING in 2007. It's in my Scottrade account as EaglePicher Inc, symbol EGLP. It was a long shot, but I'm not gonna throw them away just yet.

HH718, looking forward to reading what you can find out, if anything. Thanks!

[hh718]

Thanks, arsnlgnrs -- it's clear this is the company's current position. However, when I first researched this symbol, I came across at least two sources which stated that EGLP shares were issued POST- bankruptcy reorganization. Reluctant to give up the ghost, I've referred this to my attorney, and will post an update if anything comes of his investigation.

[arsnlgnrs]

Post#857
I sent an email to the company asking about share structure, shares that are being traded, undervalued share price, and company moving forward and this was the reply I received:

Your email inquiry to Adrienne Procopio was referred to our office.


In 2006, EaglePicher Incorporated (EPI) completed a bankruptcy reorganization in which all shares of its common stock were cancelled and EPI was dissolved. In that reorganization, former holders of EPI's 9.75% senior notes received all of the outstanding common stock of EaglePicher Corporation (EPC), a newly formed entity that acquired certain assets from EPI. Prior to that, from 1998 until 2006 all shares of EPI common stock were held by Granaria Holdings and a co-investor, and from 1996 until 1998 by a trust established for certain asbestos plaintiffs, so there have been no shares of EPI common stock trading since 1996 and shares of EPC have never traded on any exchange or market


Cheryl Dolan

[hh718]

Hmm, removed from my stock account due to no listed transfer agent for past six years. If Eagle-Picher is trying to pull a fast one, we may have a shareholder lawsuit?! Longshot, I know, but that's what this stock always was...

[hh718]

Goin North!

[dave79]

Same here. Got to love the greysheets! With this s/s, could go $$$. We just need volume.

[Milburn D]

Bid .0002/Ask .40 per Scottrade.
Quite a spread.
Still have my shares. I've waited this long...

[dave79]

Now trading on the greysheets. Still 1M OS/1M AS! $237M in NOLS $$$$$$$$$$$$

[Renee]

EGLP SEC Suspension:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75547630

[arsnlgnrs]

Well I'm glad they're looking into this. At least we may get some closure good or bad it's about time.

[15for2]

EGLP trading suspended for ten days:
http://www.sec.gov/litigation/suspensions/2012/34-66980.pdf

[Milburn D]

Ouch. Down 96% today. Not a good sign.

[arsnlgnrs]

So it looks like we are without a mod. I can hear the crickets as I'm typing. Good luck to you doinit.

[arsnlgnrs]

The Ask has bounced around a bit .15-.10-20-.24, still way too cheap for me to let my shares go. Let me know when we're into dollarland. MM keep playing your games I ain't going anywhere haha.

[Zorro]

One day............;)

[doinit]

this stock is interesting , to say the least !!! very curious , this one !!!!

[doinit]

this one definitely about PATIENCE, PATIENCE !!!

[arsnlgnrs]

I was hoping this would come into play.

FINRA Rule Filings
Tuesday, 01 March 2011 18:02
http://www.examiner.com/finance-examiner....r-short-sellers

Tomorrow will begin the first day of new FINRA market rules that will affect short sellers across the exchanges. These new rules will massively change how traders and market makers deal with short and naked short selling of stocks.

According to these FINRA rule filings, three new laws and regulations go into affect starting on February 28th, and in this, it will remove a universal exemption used by market makers to get away with failing to deliver stock according to current SEC rules.

There’s 3 new laws gaining attention in the NSS market reform arena: FINRA 4320 goes into effect on 2/28/11. It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of non-reporting corporations. FINRA 2010-043, also starting on 2/28/11 reinstates the “short sale exempt” (SSE) marking requirements for trade reporting and the OATS system. Those MMs accessing the bona fide MM exemption from executing pre-borrows or “locates” before admittedly naked short sales must now FORMALLY acknowledge the accessing of that universally-abused exemption. Being that these trades are theoretically being made to “inject liquidity” then the excuse to hide the related trade data from the public’s eyes goes out the window. You can’t have it both ways and claim the bona fide MM exemption and later claim that the related trade data needs to be kept secret because it might reveal a “proprietary trading strategy”.

Truly bona fide MMs that are able to legally access that universally-abused exemption cover their naked short position on the next downtick after their short sale when buy side liquidity is in need of being ejected as share prices fall. The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.

What this means for investors and traders is that many of the games large brokers and market makers use to manipulate a stock by holding down investor interest through short selling, or by using a small sell to offset a large buy to keep a stock from moving in a particular direction, will be illegal, and open to investigation.

Examples of this type of manipulation occur when investors put in bids to purchase say, $100,000 shares of XYZ stock at the current market price of say 10.00 per share. The market maker will purchase those shares in the open market in blocks as they can accumulate shares until the purchase is completed. Then, a market maker will bring down the price through manipulation, by selling short a block of say 5000 shares at $9.95. The ratio of strong buying to selling was 20:1, but after both transactions took place, the stock actually fell $.05.

Thus the market maker controls the market of stock through manipulation, instead of simply allowing for the equity to move according to natural market forces.

Horror stories abound of market maker manipulation and naked short selling. There was even a proven case where an investor owned 150% of the shares that a company legally had in the market. This means, 50% of the investors shares were invisible and were created out of thin air, established through naked short selling by a broker, or market maker.

Tomorrow begins a new day for the US markets, and new rules that could prove interesting for investors. If the SEC and FINRA follow through with enforcing these new rules, then we could see the markets skyrocket upwards as short sellers desperately battle to purchase their necessary stock back at any price.

Europe is also looking to vote on something along those same lines about Naked Shorting on Monday, Feb 28th. It looks like a global initiative.

http://rochdaleonline.co.uk/news-feature....-short-selling

[doinit]

ask now .10,,,they're watching us !!!!

[doinit]

sure there is,,,lot's of FTD's from the MM's

[dave79]

perhaps someone was tryin to buy and scared the mm's away. remember, there are NO shares here!

[doinit]

interesting,,mm mistake ????

[arsnlgnrs]

Look at that spread!! Bid .015 Ask .15

[doinit]

no volume today , , oh , well !!!!!!!!

[doinit]

PATIENCE HERE . NO KNOWING WHEN !!

[Silverstar78]

I think you are right. Just hold this long enough and you'll be fine.

[doinit]

no selling here,something will happen one day !!!

[retireat40]

Uh...bid's at .02 right now.

[Silverstar78]

If anyone wants to sell they're shares today above the bid price I will set my buy order at .015 and offer you a half penny more then the mm's will give you. I will set my buy order at 2pm eastern time, thanks.

[sloan14]

Right letters wrong order LOL

[Stockbus122112]

Sorry wrong board...u can delete these two messages

[Stockbus122112]

285 million wont even budge.....one word......dilution

[doinit]

why 10 dollars , if this has something good going it will be lot's higher than that when news breaks !!!!!!!

[hestheman]

Well, I got my tickets....I will hold onto 'em. If anything materializes, will be back on this board when we're all millionaires LOL.

[dave79]

Not in a long time. I wrote to one of the attorneys, and all they stated was that the stock was all privately held. With that being said, it is possible we are trading "air shares", which is only a good thing for us. No one will get my shares for anything under a buck!

[hestheman]

Have you ever tried to contact the company about their intentions for this stock/shell? If so, what did they say?

[dave79]

Congrats! Not totally sure. I believe the company was sued years ago in regards to absestos complaints at their Joplin, MO. plant. The plaintiffs won the lawsuit, and that's where I believe these 1 Million SHares were issued to. Makes our case even better. A privately owned company, with hundreds of millions in revenues. A shell w/1Mil OS/AS, with shares that are not suppose to be trading. A recipe for an awesome explosion. Even with a short squeeze, which I think we have been experiencing (considering we have had 2 trading days, were we were up 3000%+, and 1500%+, we can easily see dollars on this one!

[hestheman]

Just picked up another 10k. Say Dave, what is the personal injury settlement trust about anyways? Can you tell me more about that...

[dave79]

I see the ask @ .048 Even at .20 this is a bargain. Too much upside.

[hestheman]

BTW...What are you showing as the current ask? May pick up a few more.

[hestheman]

You're right, we haven't traded that much as far as I recall...that is why I got back in. Something may be up. I recall that this company had several sectors/divisions under operation. If the company needed to raise cash for any of them and went fully reporting again....man can you imagine! We know they won't sell the shell, at least until they get full use of the NOLs....so there is a very good chance if anything is up, it would mean the company is going full reporting again. GLTY

[dave79]

Good Morning. I am not sure what happened to lifegear. You are correct, he had a big following and a great eye for these low s/s shells. I have been in EGLP for years, and have never once sold. With only 1Mil OS/AS, patience is a must. So thinly traded, up or down, too much potential here. I completely agree with your opinion, and think something is up. We have traded (I think) 400k shares or so during the past 2 weeks. This has not traded that much in the past 5 years probably. Good things to come!

[hestheman]

Dave....I remember lifegear being the one who turned me on to this stock. I have sold a few times in the past, but have just now taken a small position again. May accumulate more. Read my previous post to get my opinions on EGLP. Being that you have been here a few years, does anyone know whatever happened to lifegear? He has'nt posted for years. I remember he was a penny stock maniac with a good eye for the low float shells. I hope he is well.

[hestheman]

Not a scam. However, this company has been private for several years. I believe they went into BK protection/reorganization in 2004. Around that time they also went private. They had a few hundred million worth of NOLs. Therefore, I believe the NOLs are the reason they did not cancel the common shares of the company. Had they cancelled the common stock, they would have lost the NOLs. However, the company is now private and they are non reporting. HERE IS THE GAMBLE.....what if one day this company, with hundreds of millions in sales (maybe, we don't know exactly what their sales or debt is right now) decides to become fully reporting again? It could very well happen at any time if the company wanted to raise some extra cash. If they are still making hundreds of millions in sales or even tens of millions.....with the current O/S it would be enough to make alot of people who bought at these levels very happy. What was with all the buying this past week? Is something in the works? Could get very interesting here. I'm holding only 20k shares but my small investment could skyrocket if we see this company re-emerge. I bet many would kick themselves and say "that thing traded at pennies forever...now look at it"! I've seen this kinda thing happen before.....sometimes it's the ones you least expect.

[sloan14]

Good thing this can only go down 100%. lol