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Re: The Whale post# 67269

Friday, 07/16/2021 3:23:12 PM

Friday, July 16, 2021 3:23:12 PM

Post# of 80005
Unfortunately, I don't believe you are correct in saying that $EEGI will become current next week. A tweet by @SteveASmithJr dated May 26, 2021 states "$EEGI [...] will become fully current in the next 30 days (source).

30 calendar days from May 26th, 2021 was June 25, 2021. If you exclude weekends and public holidays, 30 days from May 26th, 2021 was July 12, 2021. $EEGI was not current by June 25 or July 12. (calculation).

A tweet by @JoshEgelston1 dated June 3, 2021 states "Spoke to OTC today, we are on track and will be current within 30 days. As most know, it is a mad rush for filings and they are behind. But we are working to bring us current as soon as possible." (source).

30 calendar days from June 3, 2021 was July 3, 2021. If you exclude weekends and public holidays, 30 days from June 3rd, 2021 is July 19, 2021. $EEGI was not current by July 3, and I speculate will not be current by July 19 (this coming Monday). (calculation).

A tweet by @JoshEgelston1 dated June 18, 2021 states "...[OTC] keep saying one thing, then changing it. But we have filings ready to upload as soon as they approve the application." (source). The screenshot he attached from OTC Markets is dated Jun 17 and reads "...our current turnaround time is more like 8 weeks" and "once the application fee is submitted, the analyst will begin the review. We received your payment on May 11th, so that is when your review began." 8 weeks from May 11th brings you to July 6. As specified by @JoshEgelston1 in his tweet prior on June 11, he backtracks a bit and clarifies that he intended to say "this is when we get access to IQ to update filings", and NOT that the company will be current as he previously stated.

What is being anticipated is access to OTCIQ pending the review by the analyst, followed by uploading financials to OTCIQ and then going current.

If anyone says otherwise about the timeline, they are wrong and have not done their homework.

My "friendly bet" with JustWantToBeSecure had been based on the pre-revised statements made by @SteveASmithJr and @JoshEgelston1 in which they said the company would be going current within 30 days, but in fact intended to say the company would be granted access to OTCIQ within 30 days. Based on that, my July 21 prediction for going current has extended further back with July 21 being the date that I believe they should have access to OTCIQ by. As I am unaware of how long it takes on average from uploading financials to going current, I cannot estimate new date for being current.

EDIT: I believe the company will become current at some point. The intention with this post is to get timelines and facts straight.