DD Support Board and Research Team

[nodummy]

EGOH - Hold EGOH and you'll get burned.

People being attracted to some of the message board and twitter hype this stock has recently drawn need to take the time to review EGOH's limited financials and see the debts they have and the very very awful conversion ratios at which those debt Notes allow the Note holders to get EGOH shares (50% of the market price).

As of the last financial report, EGOH had over $421,620 in debt Notes that can be converted into free trading shares at 50% below the average trading price for the lowest three trading prices over the past ten trading days. And according to this November press release they were set to receive more financing with similar conversion rates:

http://ih.advfn.com/p.php?pid=nmona&article=50125816

EGOH is absolutely, most definitely not a reverse merger play of any kind as some message board posted want to try to get their followers to believe. The Authorized Common Share Count was raised from 300,000,000 to 500,000,000 on April 19th, 2012 for one reason and one reason only. To allow the shell to continue to issue shares towards debt.

That is why this form D was filed a few short months ago registering $1,000,000 worth of stock to be issued at a 50% conversion ratio towards debt Notes and other forms of financing:

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8318762

Since November of 2011 when EGOH filed a Form 15 to stop being an SEC reporting company, got slapped with a DTCC chill, and started issuing shares at below 50% of the market price this is what has happened with the EGOH share price:



Down from $.028/share to $.0009/share before the recent action.


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Brian Wilmot has a dirty past and is now partnered with another Texas oil guy with a dirty past by the name of Steven Looper.

EGOH has a history of being promoted by some of the shadiest message board pumpers around and the results are always the same....the pumps are followed by big sell offs and new all-time lows.

EGOH has all sorts of financial issues and tax liens and other problems with their inactive oil wells. Read this past research:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68948663

And some of the DD provided here:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75262000


The most likely scenario going on with EGOH right now is that a large chunk of those Form D shares were just issued at below a 50% discount to the market price and the holder(s) of those shares are trying to pump up the stock price some before dumping so they can maximize their profits. In my opinion, EGOH is most definitely not a "hold". Hold and you'll be badly burned by the insiders/debt Note holders dumping their discounted shares.