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http://eagleoilholdingco.com/news-and-press/
Contact: Eagle Oil Holding Company, Inc. (209) 736-4530
LOL, I am starting to think T-Bag is running EGOH!!!!
I am not a happy camper here today!
After my corresondence yesterday with Wilmot I fear this may not be as soon as we'd like. Hopefully Scofield, T-Bag, and Lincoln have their plan complete and are ready to breakout (had to watch Prison Break for that reference).
I wonder if this news write up is talking about ingredients in Mastic Gum. IIRC Liquorice was the source of IFUS Mastic gum, one of the main ingredients in IFUS products.
http://www.laboratoryequipment.com/news-Liquorice-Contains-Anti-Diabetic-Substances-041812.aspx?et_cid=2599628&et_rid=54636900&linkid=http%3a%2f%2fwww.laboratoryequipment.com%2fnews-Liquorice-Contains-Anti-Diabetic-Substances-041812.aspx
It provides the raw material for licorice candy, calms the stomach and alleviates diseases of the airways: licorice root. Chosen as the “Medicinal plant 2012,” the root has been treasured in traditional healing since ancient times. Researchers at the Max Planck Institute for Molecular Genetics in Berlin have now discovered that licorice root also contains substances with an anti-diabetic effect. These amorfrutins not only reduce blood sugar, they are also anti-inflammatory and are very well tolerated. Thus, they may be suitable for use in the treatment of complex metabolic disorders.
Natural substances have a surprising and often largely unexploited potential in the prevention and treatment of common diseases. For example, licorice root Glycyrrhiza contains different substances that help to alleviate disorders of the airways and digestive system. It has been used for millennia in traditional healing and is mainly administered in the form of tea. A team of researchers working with Sascha Sauer from the Max Planck Institute for Molecular Genetics in Berlin has now discovered that the plant from the papilionaceae or leguminous family might also be effective in the treatment of adult (type 2) diabetes. The scientists identified a group of natural substances with an anti-diabetic effect, the amorfrutins, in the plant’s edible root............
The important thing about running a ship, is to keep it afloat! LOL
Unless it is in dry dock, LOL.
SE is holding!!!!! and it is one BIG bag he is holding too, LOL.
Not sure about WC? He may have used his shares for TT already, LOL, which is my back up plan if Wilmont keeps screwing up, LOL!
I doubled my stake this week and some of my friends grabbed even more than I did. In my case, I see the Risk reward as worth the gamble right now, but also note that I was NOT buying or pumping it when it rallied a year ago from .01 .03!!!!
If .0011 falls, and this drops another 90% I may make one more big buy, and then see what the news brings. Then I may take up a pool here to hire some big mean guerillas and have them give Wilmont a visit!!!
LOL.
For the newbies showing up here, our info indicates that EGOH owns the leases (mineral rights) and that the reserves are 12 million barrels of oil. That is the real value here. The major risk is the incompetent CEO, that is killing the shareholder price. Replace the CEO with a competent Oil and Gas man with money, and we are off to the races!!!! And we have word on the street that Wilmont is looking for offers to sell, as in GIVE UP control!!!!
Not expecting that kind of buy out (I am been screwed over by those many times :( ..., expecting or hoping for more of a change in control, with Wilmont gone as CEO and sole director, but still a stock holder or some kind of dividend or royalty collector, and new people in charge with real oil and gas experience and real money taking over, but leaving EGOH, and retail EGOH shareholders intact. But at this point it has become even more of a gamble with the new higher, 500 million AS, and writing on the wall. It still could go lower, a lot lower before a deal is done and we hear about it.
Time to fasten our seat belts!!!
I must admit, I am not happy to see the AS raised!!!
If there is a partial buy out, take over, and they get oil pumping next, with out screwing with the OS or existing shareholders, this could easily be a 50 bager still. If Wilmont keeps screwing up, it may go .0001, R/S and become worthless, but that is not in Wilmont's best interests, so let us hope his greed turns into a sale that makes us longs real money.
Finally got a chance to re-read this:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8474782
I miss read parts of it last time. Seems the investors that are putting in the 3.2 million dollars to Mantra Energy, are in Canada, B.C., which to a US investor (Me) are Non-US investors. I was thinking they were overseas, like maybe China, LOL, or worse Cayman Islands, the first time I read it, but all indications in the last pages, forms, etc, are that this cash was, is being raised only in BC, Canada. It looks like some of the investors could be institutions, after reading it. It also appears it was all raised as subscription agreements, which typically means they are writing monthly checks per the agreements, and typically get the shares once they have paid the entire agreement amount.
Yep, the question now is why. The obvious answer is dilution....bad news....desperation on Wilmont's part, but that may not be the real story, or the whole story.
The big question every one should be asking, is if the recent huge share volume was dilution-dumping, why did the bottom hold, instead of collapsing to new all time lows?
The question I am asking myself, is if Wilmont was about to sell out, or give up control, would he not issue himself shares for back pay EGOH owes him, and then sell out?
On second thought, this was filed at the end of Feb, 2012,
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8474782
so it may show up in the pending quarterly report after all, and may be more revealing as to more details of the increased working capital, cash, terms.....or!!!!
Updated 8K/A filed April 18th. The new VP of finance salary was corrected, wrong amount, old contract corrected from 7,500 per month to $5,000 per month.
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8550128
Also a late filing notice for the 10-Q was filed April 17th, so we may see the quarterly by month end, or first week of May. Not sure if it will show any recent details on the recent cash raised, I doubt it, but it might mention something???!!!! So keep your eyes pealed for the 10-Q, it will be here soon!!!! The last 10-Q was for Nov 30, so this one will cover up to end of Feb 2012, which IIRC was before they raised all the new cash.
I think part of what happens is support bids get tired of waiting, and buy and the ask, and the support drops, then somebody tries to trip stop loss orders with a small sell at the lower ask, probably a MM needing shares to cover what he sold that he did not have in inventory. Hard to fight the pros. They also pull that stunt to attract more bids and volume.
I think it is an MM we are fighting. Or a very bright day trader.
Sellers are gone, just waiting on buyers to return.
Two 50,000 share lots sold at the ask already. 52 week high is .11/share
Sounds like good news here today. Sure glad I held on to these shares. I think this is an easy double or triple, steady rise from here if the economy keeps improving the next 2 years.
It means Excellent BUY!!! LOL!
We all missed this, already 3 weeks old:
http://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=8516837
I put in a call to Diana, waiting for a call back. I think the E means they are double late on the financial report (annual 10-K-?), but interesting that the March 30 notice was even filled, so we may be getting a real financial report any day, or in other words, SIGNs of Life!!!!
I think there has been strong MM control of it, or attempted control of it, that has caused the sell off, walk down every time someone buys in volume at the ask, they walk it back down to buy cheap shares to cover the shares they just sold at the higher price on short sales. Either that a very experienced day trader(s).
Share count has been updated, no change:
http://www.otcmarkets.com/stock/IFUS/company-info
Resistance is futile with this one!!!!
Welcome to the promised land, MVTG!!!!
I have about 800 more pages of great DD on MVTG and the CO2-Formic acid.... market, if you get weak knees and ever think of selling too soon, or have trouble sleeping, LOL!
Houston, the Eagle has landed! Go EGOH!
I noticed a BMW car commercial this week, advertising the US models having start/stop, the kind that Peterson has been saying would be a great market application for the AXPW batteries.
If they convert the preferred shares, to common and do a R/S, there is still .045/share of new cash in the bank, which should be a solid bottom, so a 1:100 R/S would mean a $4.50/share bottom. I doubt anyone would sell the stock for less than cash in the bank, which values the drug pipeline at zero. Add the drug pipeline value and that maybe be why it is clinking so hard to ten cents here.
Things are looking up here!!!
Gatorade probably had similar early beginnings. Thanks for posting that.
The company is alive, and has a large hoard cash now, and a new drug to add to the pipeline, the issue or concern is a possible R/S now or more later, and the convertible shares that represent controlling interest held by the new CEO.
If he converts the shares to common (the stock will crash), and does a R/S (it will crash after the R/S), it may be better to buy at $5/share a few months after the R/S if the R/S happens soon.
If he sits on the R/S for 1-2 years, does not convert the convertibles, then the current float is very low, and could be pushed well over $1/share on news PRs of starting new drug trials, or signing a JV deal, or selling one of the original drugs in the pipeline.
YES!!!!! To both questions, LOL.
But even a busted clock is right twice a day!!!
Sooner or later he must take the best offer he can get, for his own financial survival. In my opinion it is just a waiting game now, and the clock is running out.
ROTFLMAO, what I do know is that 15 million shares at .001 is no more dollars than 1.5 million shares at .01/share. Do the math, LOL!!!
He is ALWAYS working on something big!!! LOL
He hasn't told me anything in weeks. But it sure looks like it would take a 40 million share dump all in one day to push it into 4 digits!!!!!
But my new theory is that Wilmont is buying all these shares!!!!!
LOL
Capitulation is a wallstreet term for when retail people bail out in mass at the bottom and sell at the bottom (Dumb money), and smart money buys the falling knife.
There may be more old convertible debt, but last we heard Wilmont convinced them to stop converting the debt? There is $30,000 in reported (recent-last 6 months, new debt) Cayman island convertible debt, but even at this low price that is only 25 million new shares.
MM trying to stir up more bids and volume. Typical when volume dies out. Also typical a few months before a big rally back to $1 on this one, LOL. Only question is will it get nasty and hit .05 this summer before it bottoms and volume returns, and news rallies it way back up like last time to well over $1/share.
The company is still alive. New Mastic Blast product is selling now in UK, UK distributors are on Facebook. But it is still dark, no official financial reports in over a year, but share counts are being updated on OTC, no change in over 12 months, still a low float, and the State charter is current, so no not dead, they have several new internet distributors that are very significant in the USA, and they are recent, but until we get real financial filings again, likely to drift in the current range for now. Many of us here, use the products they sell, and invested for that reason. It is a long shot, long play, not much of a rally, day trade that I can see.
Now you are catching on!!!!
Risk versus potential reward ratio (potential reward $$$s/risk $$$s )is the deal here.
Wilmont has had 4 plus years to dilute the hell out of us, but so far all of the dilution we were hit with was last year when a firm diluted to collect on convertible debt, which ended over 6-9 months ago.
No way to know for sure if this volume is capitulation or new shares right now. I suspect it is capitulation.
It is not all greed, a big part of Wilmont's problem is fear, due to a lack of trust. He has gotten burned many times in the past, and trusts no one now. Makes it hard to do a real JV deal.
Looks like it is time to start buying the knife on this one!!!
How low will she go?
Isn't this now selling for less than book value?
LOL, I thought SE was buying them all!
But I do have a friend who has been buying this week!!
Some one is defending .001!!!!!
NICE! $$$
http://www.otcmarkets.com/stock/EGOH/company-info
Until Wilmont agrees to a real deal, JV with a real, well funded operator for the entire field, or sells out to a real O&G firm with solid financials that quickly bring the wells on line, pay the fines, and make the TRRC happy, the price can continue to drift lower, but at this volume and price it may not be long before a few us here own more shares than Wilmont!!!
Based on latest filed data, the market cap is $162,000 for 12 million barrels of oil (.013 cents per barrel of oil, LOL), IIRC. Wilmont is holding out for $20/barrel. The market value, if sold is (I am told) about $2/barrel.
Do the math. Yes we could get screwed, have been skw, but Wilmont is stuck in the same fox hole with us, EGOH oil fields were his families retirement plan.
Does ANX own worldwide rights to it? If so, they might cut a deal for European market, conditional with NVS?
Thanks, But I already do patent work, have my own patents in this very field, and have evaluated theirs myself.
I am not convinced that they have the only game in town that will do the job.
That said, it does not mean I do not believe they have a novel mousetrap, or that their system does not work. I see others with packaged rigs going after the same market, and GE has a lot more financial horse power if they want to dominate this market.
I question how much market share and how fast a start up can take over to justify the market cap.
Hmmm, Novartis loves orphan drugs like the one ANX is presenting. Could something more be going on at this conference between Novartis and ANX?
And 3M was willing to pay 5 million for it, 100% owner ship and control. Instead Larry got 2 Pilot plant deals signed up, and 3.2 million for just 1/3 of the subsidiary ERC technology company with no share dilution, and kept control of the company and the technology. 3 x 3.2= 9.6 million current value for just a minority control of the ERC operation.
MVTG market cap is still about 1/3-1/2 of 9.6 million!!!!!