The only people that are selling at this point are the lenders that got free shares below .0001. Their orders will go through before any of the normal shareholders can sell their shares. At this point the debt is so high that it is unlikely anybody will be able to dump their shares until another reverse split takes place, and at that point your shares won't be worth selling.

There are people that come to a stock and pump it like crazy for a couple of days and then they disappear. They stay quiet while they buy their shares, and then they pump it hoping to suck people in while they sell their shares at a higher price. You can identify these people by looking at their posting history because they will do it over and over and over again on multiple stocks every week.

Anybody know if Connie sold enough shares yet to rent a bush hog to clear out all of that overgrown junk that was covering the old, rusted wells that were going to produce so much oil?

People like to throw money at a stock that's trading at .0001 hoping for a quick 100% flip. They'll buy it at .0001 and then start promoting the heck out of it hoping to start a run. Stocks that are completely worthless have runs all the time based on this.

Just look at all the pumpers that showed up a couple of weeks ago posting false information hoping to draw in a few unsuspecting people. Where did all of those posters go? They bought at .0001 then started pumping this garbage while they sold their shares back to the people that believed their hype. Then they disappear once they dump their shares.

It's sad/pathetic that people sink to that level, but it happens all the time.

Those shorts better hurry. $78 in volume today. I don't know how much longer that .0001 wall will hold!

Well, I guess if you're looking for a positive you could say that this is the first time their Quarterly report looks like it was done by someone other than a 3rd grader.

The $200k in assets is impressive. Especially when you compare it to the almost one million dollars in liabilities.

Any bid is immediately crushed by all of the dilution. There's no need for a bid at this point. You can have all of the .0001's you want by hitting the ask. Many debt holders will thank you.

That's not a good sign. Old management may have turned into a bunch of liars and crooks at the end, but at least they returned emails and phone calls.

Someone posted that the outstanding shares were 470,667,013 as of July 9th. Since then there have been hundreds of millions of shares added. IMO we are over a billion and adding to it on a daily basis.

The stock has done three reverse splits (two this year), and the PPS has done nothing but drop over the last couple of years. The only time it makes any significant rise is when it does a reverse split.

Good news for those people last night that said they were going to throw thousands of dollars at this stock today. The diluters are more than willing to accomodate your purchase at the low, low price of .0001. You can't get a better deal than that. Well, you can if you are one of the debt holders.

I apologize. I did not mean to target you specifically with those comments. The $3 claim was made, but it was not by you. I also didn't mean to imply that you are the one looking for a quick flip. I have no idea of your intentions, but there are people showing up on this board that have a history of doing just that.

I hope everyone that buys this stock makes money, but I also hope they buy it understanding the full story here instead of being mislead by the unwarranted hype (again this is not referring to you.

Yes this is proof that I've been around a long time. Thank you for linking it for me.

I'm here because I still own shares. Yes I bought higher, and I also made some good money a couple of years ago before this company went South.

I've been around this company a lot longer than the people that are just now showing up shouting that $3.00 is coming, and I guarantee you I've spent more time speaking with the company and doing more research than 99% of the people on this board.

There's nothing wrong with people trying to buy at the bottom and do a quick flip, but I'm just throwing out the real story on this company to keep people from holding too long. Unfortunately, a lot of people get sucked into all the pumping thinking a stock is going to go straight up and never look back. Those are the ones that get caught holding the bag, and those are the ones that need to know the problems this company has.

People called it nonsense right before they did the RS back in April, and they called it nonsense right before they did the one prior to that. Come to think of it, they called it nonsense the time before that as well. Yes, this company has done THREE reverse splits in recent history.

Since then the only thing that has changed is the amount of debt, the amount of shares, a delisting, and management quietly snuck out the door. None of that speaks very well for the future IMO.

The only realistic chance of having any kind of run is if all of the debt collectors have a brief period where they don't try and sell their shares. I wouldn't hold out too much hope for that seeing as how that hasn't happened in a long, long time. There's just way too many people looking to collect on their debt, and they can all convert their shares at or below .0001.

I agree. This company fell hard and fast. They went from being open and honest to a bunch of lying crooks overnight. Greed is a powerful thing.

169 million shares traded comes out to a meager $17,000. Just a drop in the bucket of all of the debt this company has piled on to their financial statements. There are a lot of debtors waiting to convert their shares, and they make money on anything .0001 or higher. It will be hard for a normal trader to beat out all of the people that can profit by selling at the lowest possible bid.

Two reverse splits already done in the last year. You can be guaranteed there's another one right around the corner. Nothing but debt and dilution going on with this company.

Old management quietly exited out the back door not too long ago, and the new management has gone silent. Warning signs are everywhere. They weren't even paying their employees a couple of months ago. So I doubt there's any profit in this one anytime soon.

EGOH Highlgihts:

1. The CEO of this "oil" company is run by a woman that runs a vending machine company. She has ZERO oil experience. She was over EGOH a few years ago, and all she managed to do was dilute.

2. This company has NEVER done anything of any significance. You can look at their history and see broken promis after broken promise. One failed PR after another. Shady deals left and right. Nothing has ever come from them except for dilution.

3. EGOH recently tried to do a reverse merger with a sports website. That should send up all kinds of red flags for a company that is supposedly ready to drill for oil.

4. The recent pictures of their wells are a joke. They are broken down and haven't been used for what appears to be years/decades. Go to their website and see for yourself. Unfortunately, the mods will not put the pictures in the IBOX.

Could the moderator that removed all of the IBOX information update the board as to why they thought it was a good idea to try and hide the negative information on EGOH? It seems very suspect IMO.

The only information currently available in the IBOX is "Reverse merger underway". What an abosolute joke and an obvious attempt by somebody to try and fool people into buying shares. Pathetic if you ask me. Why didn't they put the pictures of the wells in the IBOX? I'm sure potential investors would LOVE to see those.

I can't believe they actually posted those pictures. Who in their right mind thinks those old wells are promising? Two PRs put out in one week pumping a few photos, and that's what they come up with? No wonder there's no volume today.

Time to slap that ask! Pictures of some wells coming in the next few days by a CEO that has plenty of experience operating vending machines!

Not sure why they can't put up pictures right now, but who cares? Not sure why they don't have a CEO with any oil experience, but who cares? Not sure why they are on the chill list, but who cares? Not sure why this same CEO ran EGOH a few years ago with zero results, but who cares? Not sure why this company tried to merge with a sports website just a few months ago but has suddenly decided they can drill for oil, but who cares?

Hundreds of millions of shares traded this week, and it still sits at no bid. That should tell you all you need to know about this stock.

Well, their CEO is an experienced vending machine operator who has no oil experience. So at least they have that going for them.

Don't worry. They are going to find some time to take pictures in the next few days according to their latest "news". I'll let the shareholders form their own opinion as to why they don't already have any pictures. LOL!

No worries juba22. I wish you the best of luck. Hopefully this thing has another spike left in it for you.

I have been in this one a long time, and I've experienced all of the bad along with a little bit of good. At one point I was in frequent contact with management and spent a lot of time researching this one. I made some good money on MWWC a couple of years ago, but that was before this thing fell apart and dropped like a rock. The company did a great job of scamming everyone. I should have taken my profits and ran.

I just do my best to let everyone know the whole story whenever people start posting overly positive commments that aren't founded in reality.

They've done two reverse splits within one year. The most recent one was in April, and they are already back at no bid.

Management lied and misled investorsand consistenly made big promises that never came true. Management was recently overhauled, and we have a new batch to work with. The company has gone completely silent since then, and the only thing we've seen is MASSIVE dilution. Half a billion shares traded yesterday alone.

I would suggest waiting if you are looking for a long, long, long hold. Any shares bought right now will be worthless when the next RS comes within a month or two. That's assuming the SEC doesn't step in on a company that tries to do three splits in a row.

Are you serious? How can you try and spin today's action as a good thing??? Out of control dilution and nobody on the bid.

The only option is to smack the ask because there's no bid. LOL! Yet another R/S in the works. I wonder when the SEC will shut this down? Disgusting.

That was before all of the management was kicked out. My guess would be this is a lot lower now. It's hard to know for sure since the company has gone quiet.

Revenue is only good if it exceeds expenses, and the company has proven it's not capable of doing that at this point. Look at all of the debt they are racking up. It's going to take a whole lot more than $2.9 million to get this ship turned around. Heck, they weren't even paying their employees a couple of months ago if that tells you anything.

You are correct that the share structure here is a lot better than many other scams, but it's still a scam IMO. It can definately make a nice run with less than a billion shares outstanding, but it won't hold. I just want everyone to realize that everything this company says is a complete lie.

Yes companies get a second chance, but the last thing a real turnaround story would do is bring back a woman that already jacked up the company a few years ago. A woman that has NO business running an oil company. Pumping candy bars and soda out of a vending machine is not the same as pumping oil.

One has to wonder why the "new" CEO didn't get things done the first time around, and what exactly she brings to the the table this time that is so much better?

I'm not bashing. Look it up if you don't believe me. The information is all out there to be verified by anyone that wants to do their own DD.

For the record, I own a lot of shares in EGOH, but that doesn't mean I'm going to keep the rose colored glasses on in the face of so much obvious manipulation by the company.

The "new" CEO has been with EGOH in the past. She's just making an encore appearance. She owns a vending machine company, and her only oil experience is screwing with EGOH investors the last time she ran this company.

Sadly, this is the first thing I thought when I read the news. I thought he found another way to squeeze money out of this "company".

Her LinkedIn profile only shows her as owner of D&H Vending Services. I wonder why she doesn't list any of her oil and EGOH experience. LOL!

He's been around this stock a long time and has done a lot of DD to help uncover all of the BS this company has been throwing around over the years. Everything he's saying is true. Just look at some of the recent PRs this company has put out.

Heck, they just got done trying to merge with some sports website. That's right. An "oil" company tried to merge with a sports website. Or at least that's what we think it was. It was kind of hard to tell. And the website company was the one that would be taking over the oil company. LOL!

Then there was the PR where Wilmot bragged about taking out a $1 million line of credit with an offshore company. That one was still one of my favorites. He single handidly tanked the PPS with that one.

But the "new" CEO is part of the past. She's not new at all. She's just returning for another round of screwing shareholders. There is NOTHING legitmate about this company other than the debt.

The share structure is low enough that this could run if enough people get behind this thing and start buying it up. However, I'd hate to see someone get sucked in to buying and holding this piece of junk while everyone else flips it for profit. Get in and get out, but don't get caught holding the bag.

There is no oil, and there never will be IMO.

Just found out Rainer Poertner is no longer with MWWC either. I don't follow this company very closely anymore. So this might be common knowledge, but I thought I'd pass it along just in case.

.001 could definately happen if the right people come along and pump this. The news is irrelevant IMO. This company is a complete fraud with or without that lawsuit.

Why would it? This is garbage news. People are supposed to be excited that these two idiots decided to end the lawsuit? The company still has no oil and no money. Those are things an oil stock needs to have in order to move up.

Wilmot is a crook and a raging alcoholic.