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http://www.shanghaidaily.com/sp/article/2010/201011/20101130/article_455935.htm
Screening pledge
According to the statement, sex is the most prevalent method of AIDS transmission in the country, with male-to-male sex accounting for 8.6 percent of all HIV/AIDS cases in 2009, up from 5.9 percent in 2008.
Also yesterday, the State Council, China's Cabinet, pledged to step up screening for HIV/AIDS while improving public knowledge of the disease and working harder to protect those at risk.
The government will expand its monitoring network to detect as many HIV-positive people as possible, said a statement issued after a State Council executive meeting, presided over by Premier Wen Jiabao.
While promoting speedy HIV detection methods at grassroots level, the government will add more HIV/AIDS medications to basic medical insurance to ease the sufferers' financial burden, it said.
Even if all larger estimates are discounted, by your estimate EEGC is undervalued by 400% TODAY and that is where the stock price should be. Why has it been heavily oversold then? I'll take a home run 4 bagger any day. .02 is bargain buying.
If one applies expected value, by applying the 2% to the $2.2, less a bit for Thunderbolt, we get $40M, or $.08 per share.
I see EEGC was picked up again by the trader boards today.
Earlier this month, the company that after consultation and coordination with the Company’s drilling contractors and GEFCO, the rig’s manufacturer, and through their renewed confidence in Empire’s financial strength obtained through diversification and anticipated bond sales, Empire has scheduled recommencement of its 12-hole drilling program.
With the pps bouncing within the channel it is at the moment, any news should create a nice break out.
I've been working in the grapes doing some pruning in a savvy block for the past week and the sap was rising very quickly out of them with many buds for grapes on the way very soon. Reminds me of where we are at with EEGC with much of the financial pruning being done and now we are waiting on the new growth to occur.
Morning Howard. Looking forward to seeing some significant improvements and updates over the next few days.
wow thanks for that update Howard. That is very interesting, but doesn't surprise me what dirty tactics could be employed by a desperate few. Looking forward to seeing the news updates soon.
Any guesses on where the pps will end up today after that announcement? hoping we can get a good break to the upside.
I guess having Grand Monarch now means we can float like a butterfly and get the PPS back up off the bottom. Not the news I was expecting, but as long as it moves us in the right direction then that's the main thing. Bringing in some form of revenue quickly to stop the cash burn will hopefully give us our wings back so we can fly! :)
Watch out with the credit card, you might get stung like a bee if you miss payment!
I really hope we get some confirmation soon so we can bounce off this bottom then.
Don't think so Earnie. I'm picking it as a nice double bottom to bounce off to the upside. Good buying for those who still have some spare change with the anticipation of good news to come.
Thanks Howard, Looking forward to those announcements.
Good post Howard. I have been thinking the same about the drop.
Thanks for posting that data - I was wondering the same thing. Quite a strong move early on today.
I am picking August 3rd for news and the expectation of a big pps jump on that day. Not based on anything other than just picking a few days after the RO close. JMO
My guess is the MM's will try and pull this back to the MA20/50 area hunting for peoples stop loss. I gave up on putting in a stop loss long ago on EEGC and just let it free ride the rough seas. So listen up MM's you won't be getting any of mine!
Does anyone know if anything is going on with Calypte and any representatives at the HIV/Aids conference going on at the moment? http://www.aids2010.org
Seems to be more talk of funding and being able to supply cheaper drugs. When will we see more funding go into testing?
Will it be a gap up or a slight pull back before some more buyers come in? I can't wait to see how it plays out for the start of the week. Good to have something fun again going on to shake things up.
Echo Echo Golf Charlie - fire in the hole! I think that shorting will just add to the volatility before this thing blows up big. Their plan to keep a lid on things will only work for a short time. The more they try to keep this under the .04 the more it will break to the upside when it makes a break out. A few big new buyers coming in will shake things up further but we know their game now and its all old hat to those of us who have been in this for a while.
Great news. It will be good to see this progress fully from here and to see any gains continue to the upside. Hope to see the PPS pushed further today - especially that .04 barrier.
I think the only chance in the short term would be if someone were to fat finger a large order to get to $1
I hope you are right Howard - we need something to turn this in the right direction.
Good spotting. I wonder if there is something more behind it other than someone just buying in at a low point.
Not much difference. Need something to liven the game back up.
Evening :) - looking to see how the end of the week will close. Me? I'm just here enjoying a Bud, watchin "the game" err I mean watching people comment on EEGC.
Thanks Howard! Good short heads up post for what is to come.
As fast as they can is the best most accurate answer. There is a lot to be done and the process is in motion. Nobody can pick the exact time or date.
Good news today but still down a bit, can't win them all :( the chart was looking nice yesterday till the pps decided to pop its head back in. Looking forward to breaking out of the current trend and moving on up in the week ahead.
The chart is looking good off this recent bottom. Anyone got some comments on it rather than on the company?
If the NS account for the domain is paid then it can still take a hour or so while all the name servers refresh with the change. I still get the NS placeholder.
Not paying for the domain is a shocker but it was discussed earlier with the termination of the gslm domain. Why? If Empire Energy needs a new site contact me - will exchange domain registration, design and hosting for stock. :)
This might have your answer
http://www.investopedia.com/ask/answers/06/otcpinksheetshortselling.asp
could be more difficult to cover - hmm interesting.
Someone still having to go get the gas - that's what is holding us back. The car ran out on the way to the party. Mr Bendall will be back soon with the jerry can. Open a cold one from the eski and relax.
Good to see some more news with Mr Bendall and the crew moving things along further. The longer this is kept down the bigger the breakout will be when it happens. It's a pity that "rigged market capitalism" (Max Keiser) is having such a impact on stocks at the moment.
Another good day. What will the next news be? new rig landing in Tasmania?
Good luck to all.
Good to see some more news for the day to keep this moving forward - still a bit of an effort to keep the lid on this thing. It won't be long before they have their eyebrows burnt.
The drill pipe belonged to the company as far as I am aware, so that shouldn't need to be on the list this time round. Maybe someone else can confirm that.
Great research skills with some evidence to back it up - unlike others that have nothing behind them. Top marks!
Here are some other links to info on the GEFCO SpeedStar SS-1100 rig that some might be interested in.
http://www.epmag.com/Drilling/drillingnews/item14980.php
http://news.thomasnet.com/fullstory/550903
I am glad I am joined by many that have taken up their full allotment then. I thought it was just me that was crazy