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What were the dates that the additional shares were dumped? Just curious if it coincides with the timeline that they've been dealing with another (un-named) company this summer?
To be honest I can't believe dumping shares is even still legal.
They probably bought all they wanted and/or needed to benefit their next business deal. Interestingly enough folks from Saleen are already in talks with another company possibly reverse merger or some other unseemly transaction to rinse this stock and start over.
Sales really going through at 0.0003 and 0.0004
Looks like Steve and Company are buying back their stock. No one else would be buying at this level and with this news would they?
Because shareholders will still be shareholders, but in a private company. If the stock is de-listed permanently.
I didn't say anything about Saleen being revoked. My question was :
"So what happens if they are in the process of being acquired by another company or in the process of acquiring another company?"
Is that a reason to take it private?
How would being delisted etcc.. benefit the company in this case.
Could it be relisted under the other company?
Would this impact peoples investment?
Would having the stock go this low so that they could buy it back and go private be impacted by a buyout, reverse merger or otherwise.
Can it rise from the dead under another name?
I should note that I own 0 shares of this stock.
So what happens if they are in the process of being acquired by another company or in the process of acquiring another company?
If you have questions for Saleen, perhaps you should contact their PR guy Daniel Webster.
dwebster@saleenperformance.com
Curiosity really. They've been pulled from the flames before and I just don't see them going away with so many irons in the fire.
I guess we'll see then eh?
Well EGOC was a complete and utter turd, but Saleen on the other hand, might be a good buy if they can get the financials in order and stop from being delisted.
Curious. But I wonder if they were in the process of doing a reverse merger like they did with W270, INC (assuming to rid themselves of debt) would that be cause for a late filing?
Thats old news. Flippity Floppity.
News of POSITIVE REVENUES in the filings. This isn't some pumped stock pouring out daily puffed up PRs.
In pinky land that IS NEWS and something worthy of a sticky.
Master Lease Acquisition, long term positive revenue stream and growth.
Nuff said.
Ameritrade just doesnt like the paperwork involved....we're all savvy traders here.
Seems they're grasping for anything negative possible.
For months all we heard was how EGOC Would never purchase Master Lease, but it did.
Then we were told that dilution was happening, yet the annual report shows that outstanding shares have gone down.
What next.........it all get so tedious.
We have positive revenue folks!
The DTC has put blanket chills out on most every micro cap stock...not everyone uses Penson as a clearing house. Scottrade doesnt have any problem.
Someone is working very hard to keep this in flippers heaven.
Exactly!
From what I understand Ian brokered the sale of the EGOC shell, and that doesnt happen over night.
But neither Ian nor Amyot can have any dealings with securities anymore...something to do with Hilbroy Advisory a Canadian investment firm.
http://www.bing.com/search?q=hilbroy+advisory&go=&qs=n&form=QBRE&pq=hilbroy+advisory&sc=8-16&sp=-1&sk=
The most recent document I have found is here:
Translation required
http://www.lautorite.qc.ca/files/pdf/bulletin/2012/vol9no12/vol9no12_2-2.pdf
And no I wont translate it for you. Both Google and Bablefish are free to use translation apps.
E1 / EGOC is focused on growth of the company and not selling stock.
Companies are never told why a DTC chill is put in place nor are they told now to get it lifted. Market Makers are having a virtual field day shorting micro cap DTC chilled stocks because of the negative connotation that some like to place on it. We can still trade thats not the issue, you just need the right broker. Scottrade has never had an issue with it.
How to get rid of a DTC chill
After doing some research on "chills" it seems DTC handles them all a bit differently. The one common thread found is that a DTCC participant has to request a reinstatement of services. Shareholders themselves and the company can't really do it.
Following link provides a list of participants:
http://www.dtcc.com/downloads/membership/directories/dtc/alpha.pdf
You should all view the list to find one of these participants that you have influence over to get them to formally request the "chill" order be lifted. DTC will only consider a review for reinstatement of services provided that request originates from a DTCC Participant.
I imagine once the company finishes their audits things will be set in motion to get it resolved, but it isnt their main focus.
E1 / EGOC is focused on growth of the company and not selling stock
Reg. D / 504 was essentially killed last year by the SEC and DTC, We have less OS than last year, Positive cash flow and a very opwn and transparent CEO.
I'm in heaven :)
EGOC wont be in the pinks much longer.
So the Outstanding shares has gone down. Nice!
The longer a patent is pending the better.
There's been no secrets.
I know you're new to this board, but most of us are not. You should really read back in the posts to catch up so we don't have to keep repeating.
Most dont bother to read filings, patent applications or annual reports and most just for the quick flip.
Just a bit SHORT sighted?
And did you then contact the IR firm. They are the ones to handle those requests and not the TA.
Many new user names here.
you know what they say....
Something is definately on its way here on EGOC.
PATENT the application number is right on the PDF
http://www.energy1corp.com/images/patent.pdf
INFORMATION ON PATENTS
http://www.uspto.gov/faq/patents.jsp
Thanks to used0000 for posting the link.
Try the search box, it really is useful.
Thanks for contributing to the board. I knew I had seen the patent information here somewhere. I'm on my ipad or I would have had the bookmark.
Search the board, it's here somewhere as I recall.
And I should also note that patents can be filed privately so they are not made public.
http://www.uspto.gov/faq/patents.jsp
Is there any danger that the USPTO will give others information contained in my application while it is pending?
A. Most patent applications filed on or after November 29, 2000, will be published 18 months after the filing date of the application, or any earlier filing date relied upon under Title 35, United States Code. Otherwise, all patent applications are maintained in the strictest confidence until the patent is issued or the application is published. After the application has been published, however, a member of the public may request a copy of the application file. After the patent is issued, the Office file containing the application and all correspondence leading up to issuance of the patent is made available in the Files Information Unit for inspection by anyone, and copies of these files may be purchased from the Office.
I thought at one time a photo of the pending patent had been posted here and was I think a sticky.
Wasnt it a total of like 15 or 16 and all but one had been approved. Correct me I'm wrong.
So the bankruptcy is just standard operating procedure to clear the debt of Master Lease so that it is clear to move forward with E1 EGOC.
Just had the same conversation today with one of our auto parts suppliers that does over 30m per year.. they're in the middle of being bought out by a much larger company. Both companies are/were profitable. Clear the debt and move forward.
I think they've been shaking the trees and buying back stock. That's just my opinion of course.
Just seems like they have been dragging this on forever. Intentional?
It's alway funny to see the downward paints, shorters gotta try to cover their shorts one way or the other...either paint it down at the last second or bring on the doubt. I'm sure a few took some profits, many have been slowly accumulating in the lows and you can't blame them for it. Forcing lows is low in my opinion, but then again I'm an optimist and I've actually bothered to read the entire EGOC annual report. Most don't and so they will take their quick profits.
Off to work.
Weekly Report? That is a three year chart by the looks of it.
No doubt.
Stu of ML was in finacial trouble and why EGOC was able to purchase MLOOS so cheap considering the assets.
For those that may just be stepping in here:
Master Lease Owner Operator Services (MLOOS)
There's big difference between chapter 11 and chapter 13.
Chapter 11
A Chapter 11, or reorganization, allows a partnership, sole proprietor, or corporation to continue operations while protecting the assets of the business from creditors. While the assets of the shareholders of a corporation are protected and are not made a part of the bankruptcy. However, since a sole proprietorship does not have a life and identity that is separate from the owner, his personal assets must be included in the bankruptcy. With a partnership, the personal assets of the partners may be used to repay debts, but this is not always the case.
Master Lease is/was comprised of around 5 different companies. MLOOS is the leasing part of the company, and the portion that E1 purchased from what I understand.
Wow, still no split. Honestly I didnt think it would even transpire at all. Held what I had and bought more lower.
Sorry been just lurking a bit here lately....waiting for some news one way or the other. Has OMO been on recently?
EGOC, time to jump back into the water?
I'm sure the acquisiton of Master Lease has slowed any audit. I can only imagine what a challenge that must be or how far that portion of the audit would have to go in order to satisfy the OTC to move up to the QB tier.
I think the annual report speaks volumes. Positive revenues in an OTC stock are rare.
Tue, Jan 22, 2013 06:52 - Energy 1 Corp. (EGOC: OTC Link) released their Annual Report concerning 2012-Q4-YR. To read the complete report, please visit: https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=98257
Nice to have you as a moderator Ray.
We need to update the wiki page, but I think all can contribute there, but lets try to keep it all to verifiable information citing sources as much as possible.
Here's some real facts, that refute some of the opinions being posted here.
Per the SEC:
http://www.sec.gov/litigation/litreleases/2012/lr22574.htm
The Commission alleges that Spencer, Amyot, Arella, and Morrice violated Section 17(a) of the Securities Act of 1933 (Securities Act) and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder; that IAB Media and Hilbroy violated Sections 17(a)(1) and (3) of the Securities Act and Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c); and that Arella, Morrice, IAB Media, and Hilbroy aided and abetted the violations by Spencer of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5. The Commission also alleges that Amyot is liable for Spencer’s violations of Section 10(b) and Rule 10b-5 as the company’s control person and that Spencer, Amyot, and Arella violated Sections 5(a) and 5(c) of the Securities Act. The Commission is seeking permanent injunctions, disgorgement plus prejudgment interest, and civil penalties against Spencer, Amyot, Arella, Morrice, IAB Media, and Hilbroy. It also seeks an order prohibiting Amyot, Arella, and Morrice from serving as an officer or director of a public company and from participating in the offering of a penny stock.
NOTICE NO MENTION OF RAYMOND BROWN or E1 for that matter.
-----------------------
There Has been no pump and dump with E1 but there has been plenty of just the opposite.
I had put this information in the ibox at one time ibox so that investors and potential investors could do their own research.
So heres one place to start, to get some other information. instead of just opinions.
http://investorshub.advfn.com/Hilbroy-Advisory-Inc-(fka-2H0)-22315/
Ford, Daimler, Nissan to Research Hydrogen Cars
By AP / Tom Krisher
Jan. 28, 2013
http://business.time.com/2013/01/28/ford-daimler-nissan-to-research-hydrogen-cars/?iid=biz-main-latest-ap-widget
Ford, Daimler, Nissan to Research Hydrogen Cars
By AP / Tom Krisher
Jan. 28, 2013
http://business.time.com/2013/01/28/ford-daimler-nissan-to-research-hydrogen-cars/?iid=biz-main-latest-ap-widget
DETROIT — Ford is joining with Daimler and Renault-Nissan to speed development of cars that run on hydrogen, with hopes of bringing a vehicle to market in as little as four years.
Hydrogen fuel cell vehicles generate electricity after a chemical reaction between hydrogen and oxygen. Hydrogen is stored in special high-pressure tanks, and the only emissions are water vapor and heat.
Under the alliance, each company will invest equally in the technology. They plan to develop a common fuel cell system that the companies will use to power their own vehicles. The companies also plan to take advantage of their combined size to reduce costs.
Many automakers have been testing the hydrogen fuel cell vehicles for years, but so far haven’t been able to bring costs down enough to sell the vehicles in mass markets. The zero-emissions cars have great potential to cut pollution and reduce the world’s reliance on oil for transportation.
“Working together will significantly help speed this technology to market at a more affordable cost to our customers,” Raj Nair, Ford’s group vice president for global product development, said in a statement issued Monday. “We will all benefit from this relationship, as the resulting solution will be better than any one company working alone.”
The companies said that engineering work on the individual fuel cells and the overall hydrogen system will be done jointly by the companies at several locations around the world. They also are studying joint development of other parts for fuel-cell vehicles in an effort to bring down costs.
Work will be done at the site of a previous fuel cell joint venture between Ford and Daimler in Vancouver, British Columbia, as well as a Daimler facility in Nabern, Germany, and a Nissan operation in Oppama, Japan, Ford spokesman Alan Hall said. He was not aware of an executive being appointed to run the joint venture.
The automakers say that together they have 60 years of experience developing fuel cell vehicles. Their test vehicles have traveled more than 6.2 million miles.
The alliance between Ford Motor Co., of Dearborn, Mich.; Daimler AG of Germany, maker of Mercedes vehicles; and the joint operations of France’s Renault SA and Japan’s Nissan Motor Co., is another example of global automakers combining forces to develop engines and other new technology. The companies are trying to share expensive development costs, yet keep their products different.
Nissan and Renault have had combined operations for years. Toyota Motor Corp. and BMW AG said earlier this month that they are working together on next-generation batteries for green vehicles called “lithium-air.” Their collaboration, first announced in late 2011, also is working on fuel cells with hopes of completing a vehicle by 2020.
French carmaker PSA Peugeot Citroen and General Motors Co. of the U.S. have a deal to share in purchases of parts and services to cut costs. Toyota already has a joint venture with Peugeot Citroen to make small cars in Europe.
http://business.time.com/2013/01/28/ford-daimler-nissan-to-research-hydrogen-cars/?iid=biz-main-latest-ap-widget
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Imagine that. Hydrogen as a fuel.
ExausTek along with maybe a hybrid hydrogen gasoline engine is the key.