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i have 0.009 on bid and 0.0013 on ask side
Gler doing nicely today ...
This is from the Form SC 13D filed today at 10:28 am ( http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=7270379 )
" JOINT VENTURE AGREEMENT
This Agreement (this "Agreement") is by and between Reflora do Brasil, a Brazilian company (hereafter "RDB") and Global Earth Energy Inc., Inc., a Nevada Corporation (hereafter "GLER") effective as oflatter of the dates set forth below (the "Contract Date").
IN CONSIDERATION OF the mutual promises and covenants hereinafter contained and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:
1. Subject to the terms and conditions of this Agreement, GLER may act as broker
on behalf of RDB for the sale by RDB of carbon credits (the "Credits") relating to certain property located in Brazil (the "Para Property"), as described in attachment marked GLER A.
2. Proceeds from the sale of the Credits brokered by GLER for RDB shall be split as follows: sixty percent (60%) of the proceeds shall be distributed to the owners of the Para
Property, who are represented by RDB, and forty percent (40%) to GLER ("GLER Share")
4. The term of this Agreement shall be for the life of the project and corresponding crediting periods from the Effective Date, unless sooner terminated as hereinafter provided, subject to and upon the conditions specified herein. Either party may terminate this Agreement at anytime for any reason upon thirty (30) days' prior notice to the other party. After the date of
termination of this Agreement ("Termination Date") regardless of terminating party, GLER shall be entitled to all fees due for sales of Credits completed prior to the Termination Date.
5. The relationship of RDB to GLER shall be that of an EXCLUSIVE PARTNER.
Neither federal, state nor local income tax, payroll tax, nor any foreign tax of any kind shall be withheld or paid by RDB on behalf of GLER. RDB and GLER each understand and agree that at
no time does either party acquire rights, interest or title in any product or service or equity of the other party and that all copyrights, marks, patents, intellectual. rights and any and all other proprietary rights of each party remain and shall always remain the property of such party.
6. Each party represents and warrants to the other that it is not party to any agreement, contract or understanding which will in any way restrict or prohibit it from entering into this Agreement and performing its obligations hereunder in accordance with the terms and conditions of this Agreement. Neither party represents or warrants that it has any license or permit, foreign or domestic, that may be required to sell the Credits as contemplated by this Agreement.
7. Both RDB and GLER shall indemnify and hold harmless one and other and its affiliates from and against any and all losses, claims, damages, liabilities, expenses (including reasonable legal fees and expenses), judgments, fines, settlements and other amounts (collectively "Claims") arising from any and all claims, costs, demands, actions, suits or other proceedings (whether civil, criminal, administrative or investigative) (collectively
"Proceedings") in which either partymay be involved, or threatened to be involved as a party or otherwise that as a result of or arising out of (a) either party's acts or omissions, other than a Proceeding that also arises out of the acts or omissions of GLER that constituted negligence, or
(b) a breach by either party of any of its representations, warranties, covenants or agreements
under this Agreement.
In claiming any indemnification hereunder, the indemnified party shall promptly provide the indemnifying party with written notice of any claim, which the indemnified party believes falls within the scope of the foregoing paragraphs. A party's failure to give prompt written notice shall relieve the indemnifying party of its obligations hereunder, but only to the extent that such failure to give notice prejudices the indemnifying party's ability to defend such claim. The indemnifying party thereafter shall have sole control of the defense of any such claim (with
counsel reasonably satisfactory to the indemnified party) and all negotiations for settlement; provided, however, that the indemnified party may, at its own expense, assist in the defense if it so chooses, provided that the indemnifying party shall control such defense and all negotiations relative to the settlement of any such claim and, further provided, that any settlement intended to bind the indemnified party in any way other than the payment of a financial settlement within the
scope of the indemnity or which may adversely affect the indemnified party's continuing business activities shall not be final without the indemnified party's written consent, which shall
not be unreasonably withheld. The indemnified party will provide the indemnifying party with all reasonably necessary assistance, information and authority to perform the foregoing, all at the
indemnifying party's expense
All amounts to be paid under the indemnification provisions of this Agreement shall be paid by the indemnifying party to the indemnified party(ies) as such Claims are incurred.
The obligations of the parties under this paragraph 6 shall survive the termination of this
Agreement.
8. Except as may be required under Section 6 of this Agreement with respect to indemnification, under no circumstances shall either party be liable for any indirect, incidental, economic, special, punitive or consequential damages, whether for breach of contract, negligence or under any other cause of action, that result from the relationship or the conduct of business contemplated herein.
9.RDB and GLER acknowledge that each may disclose or learn Confidential Information about the other and their customers during the course of this Agreement. The party receiving the Confidential Information shall: (i) maintain it in confidence, except to the extent necessary to carry out the purposes of this Agreement, in which event written confidentiality restrictions shall be imposed upon the parties to whom such disclosures are made; and (ii) use at least the same degree of care in maintaining its secrecy as it uses in maintaining the secrecy of its own Confidential Information, but in no event less than a reasonable degree of care. "Confidential Information" means all proprietary, secret or confidential information or data
relating to either party and their operations, employees,. products or services, clients, and customers.
Information shall not be considered Confidential Information to the extent that such information is: (i) already known to the receiving party free of any restriction at the time it is
obtained; (ii) subsequently learned from an independent third party free of any restriction and without breach of this Agreement; (iii) becomes publicly available through no wrongful act of the receiving party; (iv) independently developed by the receiving party without reference to any Confidential Information of the other; or (v) required to be disclosed by law, rule or regulation.
This paragraph shall survive for a period of three years after termination of this
Agreement.
10. This Agreement shall be binding in all respects upon the parties hereto and their successors.
11. This Agreement expresses the entire understanding between the parties concerning its subject matter and supersedes all prior agreements made between the parties with respect to the subject matter hereof. This Agreement may not be modified except by a written instrument signed by all parties. The failure of a party to insist upon adherence to any term of this Agreement shall not be considered a waiver or deprive the party of the right thereafter to insist upon strict adherence to that term or any other term in this Agreement.
12. This Agreement is executed voluntarily and without any duress or undue influence on the parties or their officers, employees, agents, or attorneys and no party is relying on any inducement, promises or representations made by any other party or any of its officers, employees, agents, or attorneys other than as set forth in this Agreement.
13. This Agreement shall be enforceable upon the exchange of facsimile signatures and scanned and emailedsignatures.This Agreement may be executed in several counterparts, each of which shall be considered an original, but which when taken together, shall constitute one agreement.
14. All notices and other communications required or permitted under this Agreement shall be validly given, made, or served if in writing and delivered personally, sent by registered
mail, receipted commercial courier, fax, or bye-mail (acknowledged in like manner by the intended recipient)facsimile transmission to RDB or GLER at the following addresses:
RDB:
Reflora Do Brasil
c/o Raymond F. Barbush III
409 N. Gammon Road
Madison, Wisconsin 53717
Fax:
-------------------
Email: raybarbush@yahoo.com
GLER:
Global Earth Energy Inc." LLC
c/o Sydney Harland
1213 Culbreth Drive
Wilmington, North Carolina 28405
Email: harmuir@aol.com
15. The rights and obligations ofRDB and GLER under this Agreement shall inure to the benefit of and shall be binding upon the successors and assigns of RDB and GLER.
16. If any provision of this Agreement shall be found invalid or unenforceable for any reason, in whole or in part, then such provision shall be deemed modified, restricted, or
reformulated to the extent and in the manner necessary to render the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement
shall be construed and enforced to the maximum extent permitted by law, as if such provision had been originally incorporated herein as so modified, restricted, or reformulated or as if such
provision had not been originally incorporated herein, as the case may be. The parties further agree to seek a lawful substitute for any provision found to be unlawful; provided, that, if the parties are unable to agree upon a lawful substitute, the parties desire and request that a court or
other authority called upon to decide the enforceability of this Agreement modify those restrictions in this Agreement that, once modified, will result in an agreement that is consistent
with the intent of the parties and is enforceable to the maximum extent permitted by the law in existence at the time of the requested enforcement.
17. This Agreement shall be governed by, and construed in accordance with the laws of the State of Nevada without reference to its conflict of law provisions. EACH PARTY AGREES AND CONSENTS TO SUBMIT TO PERSONAL JURISDICTION IN THE STATE OF ILLINOIS IN ANY STATE OR FEDERAL COURT OF COMPETENT SUBJECT MATTER JURISDICTION SITUATED IN Nevada. EACH PARTY FURTHER AGREES
THAT THE SOLE AND EXCLUSIVE VENUE FOR ANY SUIT ARISING OUT OF, OR
SEEKING TO ENFORCE, THE TERMS OF THIS AGREEMENT SHALL BE IN A STATE OR FEDERAL COURT OF COMPETENT SUBJECT MATTER JURISDICTION SITUATED Nevada, EXCEPT THAT IN ACTIONS SEEKING TO ENFORCE ANY ORDER OR ANY JUDGMENT OF SUCH FEDERAL OR STATE COURTS LOCATED IN ILLINOIS, SUCH PERSONAL JURISDICTION SHALL BE NON-EXCLUSIVE. IN ADDITION, EACH P ARTY WAIVES ANY RIGHT TO CHALLENGE IN ANOTHER COURT ANY JUDGMENT ENTERED BY SUCH COOK COUNTY COURT OR TO ASSERT THAT ANY ACTION INSTITUTED BY A PARTY IN ANY SUCH COURT IS IN THE IMPROPER VENUE OR SHOULD BE TRANSFERRED TO A MORE CONVENIENT FORUM.
18.Waiver of Trial by Jury. EACH OF THE PARTIES HERETO WAIVES ANY
RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR
RELATING TO THIS AGREEMENT.
I just want to make a point, since GLER aquired RCI Solar Inc. and they proceed to strength in the green market they can become a very good company.
I dont like companies like EFIR who started as oil company and in one year they buya telecom company and trafic design company ...
I hope for all that GLER will be a green company based on solar energy for the years to come.
I agree on that ... any sell off today which make me belive that shares are in strong hands
"O/S and float both 25 million." .. that is imposible ..in the last 10q report from may they had 50M shres outstanding plus they have issued 10M (8k form, 12 oct)
form 8k form 23 nov
·62,642,973 shares to Strategic Alliance Consulting Group, Ltd.;
·2,000,000 shares to George D. Sinnis;
·500,000 shares to Glenn Sturm;
·2,000,000 shares to Nelson Mullins Riley & Scarborough LLP; and
·5,000,000 shares to Raymond F. Barbush III.
So the total number should be around 130M of o/s imo
this news today remind me the last time when GLER run in april from 0.017 to 0.05, I bought the first day of the run, i got scared because of low volume the next day ... and then it run for 3 days in row ... Hope i learned a lession and this time i hold strong at average of 0.01
Imo we will be the hit of tomorow trading day
But how big is the number of o/s .. google finance say 120M .. imo is more, looking at last 8k forms.
Has anyone the exact count?
hope we hold 0.011 today and tomorow with some news alert should be awsome imo. 10M of volume today is huge.
By the way, how many o/s has GLER ..
KIWB news: "KIWIBOX.COM Signs Letter of Intent with International Social Network"
here is the link
http://finance.yahoo.com/news/KIWIBOXCOM-Signs-Letter-of-prnews-2931410830.html?x=0&.v=1
tattoo1 here is the proof of future R/S 1:50
http://ih.advfn.com/p.php?pid=nmona&article=44553864&symbol=NB^EFIR
"....This Information Statement is furnished by the Board of Directors of EGPI Firecreek, Inc., a Nevada corporation (the “Company”), to the holders of record at the close of business on September 3, 2010 (“Record Date”), of the Company’s outstanding common voting stock, par value $0.001 per share (“Common Stock”) pursuant to Rule 14c-2 promulgated under the Securities Exchange Act of 1934, as amended (“Exchange Act”).
THE COMPANY IS NOT ASKING YOU FOR A PROXY AND YOU ARE REQUESTED NOT TO SEND US A PROXY
This Information Statement informs shareholders of actions taken and approved on September 14, 2010 by the principal shareholders of the Company’s common stock and Series C Preferred voting rights including in the aggregate 412,644,919 (collectively, the “Majority Shareholders”). The Majority Shareholders are the beneficial owners of approximately 61.65% of the issued and outstanding shares and voting rights. The only business of the meeting was as follows:
(i)
To effect a One (1) for Fifty (50) reverse stock split (1:50), whereby, as of the Record Date, for every fifty shares of Common Stock then owned, each stockholder shall receive one share of Common Stock;
(ii)
To amend the Company’s Articles of Incorporation to increase the authorized common stock to 3,000,000,000 shares.
...."
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
That is why i have told few mesages back that a good R/S will be between 1:100 and 1:500 without rising the number of A/S up to 3.0 billion after the R/S. In this case the number of O/S would be lower than 10M and pps from 0.10 to 0.50$ .... And every time they will need cash they will make a public offering ... but imo they dont want to do that.
Imo they want that the company is trading at pps between 0.01$ and 0.05$ range to atract "newbies" to buy again and agian. And after the R/S they would have a potencial 3 billion share amount for make new dilution ..
I learned a lot on this company example ... and in the market are lot of them.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
I'm not in EFIR anymore, but i'm following it because i want to see if the deal with Terra will be finished before 30. september as the last news said.
Tomorow is 29. sept ... and the last day before the 30th.
Today's pr sounds like the one on E-views when i was expecting a conclusion of Caddo deal ... This time the 50M financing news.
Really hope for people who hold EFIR that this time the Terra deal will be finalized before 30th september. Hope that i'm wrong but i onestly don't think that the deal with Terra will be finalized in next few days.
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
i dont see E-views on this link? ... is that you want to prove?
Looks like a good news ... but smells like news on Caddo.
Sounds all the same ... " we are near the aquisition" or "the aquisition will be completed before XX date"
************************************************************************************************************************************
Look at Caddo news from 07/12/2010 .... for now in September the aquisition is still not finished
(link: http://ih.advfn.com/p.php?pid=nmona&article=43563281&symbol=NB^EFIR)
EGPI Firecreek, Inc. (OTCBB: EFIR) announced today that it is in the final stages of a Definitive Agreement to acquire Caddo International, an Oil Service company that currently services the Northwest Louisiana and East Texas regions of the United States.
Caddo International has been in business for over 40 years as a production and service company, utilizing their own equipment and pulling units in order to provide oilfield services. The company produces revenues of approximately $2,400,000 per year with a positive net income, and assets of approximately 6 million dollars.
Negotiations for the structure of the Definitive Agreement, as well as, due diligence
for the acquisition, have been ongoing and are now nearing completion. EGPI Firecreek anticipates finalizing the Definitive Agreement within the next 7-10 business days.
Dennis Alexander, EGPI's President, stated, "We are extremely happy to have created a great working relationship with Caddo International and its board of directors. A tremendous effort has been made on both sides in order to expedite the terms for the acquisition. We are confident that once completed, the acquisition of Caddo International will play a valuable part in the growth of our oil & gas division."
************************************************************************************************************************************
And now today Terra news. ... pay attencion if aquisition will really take place before 30 Sept 2010
(Link: http://ih.advfn.com/p.php?pid=nmona&article=44437160&symbol=NB^EFIR)
"As previously reported, EGPI Firecreek, Inc. signed a binding Letter of Intent to acquire Terra Telecom, LLC. Terms for the acquisition have already been set and agreed to by both parties. Although specific terms for the acquisition are not yet available, the acquisition will be cashless, and done in exchange for a series of Preferred shares of EGPI Firecreek stock. Both companies are currently in the final stages of their due diligence process and expect the final transaction to occur at the end of this month on September 30th.
Terra Telecom is a leading provider of state-of-the-art communication technologies and a premier Alcatel-Lucent partner. They currently serve various sized companies and organizations that use and deploy communications systems, sales, service, and training while consolidating and optimizing the end user experience. Their goal is to provide customers value and integrity in each of these opportunities. Since 1980, Terra has focused on delivering enterprise solutions while leading with voice services and offering full turn-key solutions that consist of voice, data, video and associated applications.
Dennis Alexander, CEO and Chairman of EFIR, stated, "We believe that this acquisition will be pivotal to the development of our business
model. Currently, between existing business, backlog orders and the 2.2 million in contracts recently signed within the last 30 days, conservative proforma estimates should bring a revenue stream of approximately 18 million dollars from Terra Telecom."
Wade Clark, Terra Telecom CEO, stated, "We are very pleased to be in the final stages of this acquisition. We expect to bring value with our revenue stream, net income, dynamic management team and extensive clientele, to our new parent company." He also stated, "We also look forward to the synergies between our company, EGPI Firecreek, their subsidiaries, and new business that will be brought to the table."
************************************************************************************************************************************
I dont want to scare anyone who holds EFIR ... i just want to bring the point of their aquisitions that are imo all in the air and are never concluded. Maybe this time will be diferent. I really hope for those people who belive in them.
Glta to all type of holders. I exit on frday, mybe to early but is ok, i dont want to buy it back.
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
I made a conclusion and exit today at 0.009$. Had lost 2/3 of my amount invested in it and now looking forward to invest 1/3.
The reason that i exit is that i have enough of pr giving hope.
Maybe i missed the big run up, but realy have enough of it. This proposal on shareholders meeting had broken my legs.
Good luck to all longs, short and any kind of traders.
Bye
Loonly Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
You hit exactly the point imo ... If they wanted really to get credibility in the company they would make a R/S of 500:1 and not 50:1 without an increase of A/S ..
At that point we were traded at 0.50$ after the split an not again at 0.05$.
The number of A/S is now at about 1.2B, after the split (50:1) the new number of A/S should be 24M ... and the number of O/S at about 110M and shares traded at 0.05$
But that new number of O/S of 3.0 Billions after the split is too much imo. At that point i don't trust the company any more, looks like they start the tricky game from the beggining.
I became long on this, lowered down last week and now i see that news …. Lost all the faith.
I have really hope that this »Terra« deal will give a push to the pps of EFIR, but now i'm thinkig of exit from my position.
But when the meeting will take place? … i can calculate how much time left me to see any kind of optimistic news on EFIR to exit from this position.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
When is the shareholders meeting?
at this news i will expect a little more volume. Lets see what last 2 hours brings.
Yesterday i get my Caddo update and this give to me some confidence in EFIR.
But todays news seem "HUGE" imo.
EFIR holding Market Cap is curently about 800k$ ... Now Terra that EFIR is gona buy expects 2010 revenue about 16M$
At that point i simply dont know why the pps dont move over 0.0020$ level.
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
i'm new on this board.
But imo the only strange thing that after a response from FDA is that volume is only 1.3M. I expected more buyers.
Lets see what afternoon brings, but i have the feeling that the gap will not be closed today, because lot of people imo are waiting to see the pull back. Once today imo they have to decide to buy or not to buy.
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
... now we are waiting the end of September for finish Terra deal.
But where the hell is the deal with CADDO? This deal should had been finished month ago?
To me now seems that waiting for one deal then waiting for another deal .... etc.
I'm confused now. Still holding, but slowly losing patience.
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
would be nice.
In last 8-k from 25 August
Effective as of August 19, 2010 through August 25, 2010, the Company issued a total of 24,129,608 shares of common stock to investors upon their conversion of certain previously issued convertible promissory notes. Other than the extinguishment of debt principal in the amount of $66,500, no consideration was received by the Company in the transactions. The issuance of shares of common stock were exempt from registration under the Securities Act pursuant to Section 4(2) thereof and/or Rule 506 of Regulation D under the Securities Act. The offering was not conducted in connection with a public offering, and no public solicitation or advertisement was made or relied upon by the investors in connection with the offering. After this conversion, the total number of outstanding shares of common stock is 212,394,709 shares.
in other words today over 30% shares had been traded.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
I asked this 10 posts ago ... imo this is the key news for the credibility if the company.
Why tell in the news that the deal with Caddo will be finalized in few days ... and now a month is over and still nothing.
Hope to see that news as soon as possible.
What is your count of O/S?
In the last 10Q page 5
Balance at June 30, 2010 ... 249,423,606 O/S
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
E-Views Safety systems inc.
This is from the news on Aug 4:
"EGPI Firecreek and E-ViEWS entered into a Stock Purchase Agreement that will provide for up to a 51% interest in E-ViEWS and exclusive distribution and sales rights in various states. EGPI Firecreek has initially solidified rights for the states of Alabama, Florida, Louisiana and North Carolina. They have also obtained international rights in the countries of Ireland and the United Kingdom.
Terra Telecom Inc.
This is from the last news on Aug 30:
"The purchase price of Terra Telecom is set at six million dollars ($6,000,000)."
Caddo International Inc
This is from the news on Jul 12:
"We are confident that once completed, the acquisition of Caddo International will play a valuable part in the growth of our oil & gas division."
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
i agree on that. But last news were huge and we are still sitting on 0.0013 .. which is only 0.0002 over the pps before the 10M order news.
After that news i hoped that it will stop on 0.0025 but we havent.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
For me a phone call is not a option ... Form Europe it will cost me too much money.
I'm happy to see al this deals about trafic lights (E-Views) and telecom(Terra Telecom, Inc.), but still confused about Caddo deal?
Where is the anouncment of Caddo aquisition?
The managemnet told us that the deal should be finalized in next few days as the news on 2 august stated. (Link: http://ih.advfn.com/p.php?pid=nmona&article=43835811&symbol=NB^EFIR)
From the pr: "The Company would also like to announce that plans for its acquisition of Caddo International are still ongoing and close to being finalized. Final changes and implementations for its closing documents are expected to be completed within the next few days."
I still hold shares of EFIR, but this Caddo news imo is a key for the credibility of the company future news.
Glta
Loonley Tunes
Before you buy something do a good DD and make your own conclusions. My post express only my oppinions.
OMG .... we are at 0.001! With 28M in volume ... imo diluttion is going on.
Before that news on Siemens i would like to see the "promised" Caddo acquisition.
Now depends how long will this "few days" from monday news took time.
From the monday pr
( http://www.marketwatch.com/story/egpi-firecreek-inc-announces-retirement-of-convertible-debt-2010-08-02?reflink=MW_news_stmp )
"The Company would also like to announce that plans for its acquisition of Caddo International are still ongoing and close to being finalized. Final changes and implementations for its closing documents are expected to be completed within the next few days. "
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
Now volume is over 8M and looks like buyers are back ... but first 2 hours of trading with 100k volume were strange imo.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
Very strange day on EFIR ...
EFIR news out
EGPI Firecreek, Inc. Announces Retirement of Convertible Debt
Date : 08/02/2010 @ 8:27AM
Source : MarketWire
Stock : EGPI Firecreek, Inc. (EFIR)
EGPI Firecreek, Inc. Announces Retirement of Convertible Debt
EGPI Firecreek, Inc. (OTCBB: EFIR) announced today the successful retirement of a convertible debt originally tied to the funding of their 3 well acquisition program.
As previously reported, the Company acquired the rights to a 3 well drilling program which initiated the start of oil production for their oil and gas division. As part of their funding for the project, the Company agreed to a convertible debenture with a private lending group. Because of the nature of the financing and its dilutive nature which would be caused by any conversions, the Company felt it would be in the interest of the Company and its shareholders to replace the financing before any further dilution to the Company's shares could take place.
Dennis Alexander, EGPI's President, stated, "As with any aggressive growth company, both working capital and project financing is always key to the success and abilities a company has in achieving their goals. We plan on continuing our efforts in obtaining more traditional non-dilutive forms of financing as we continue to fund our operations for growth, acquisition and project completion purposes."
The Company would also like to announce that plans for its acquisition of Caddo International are still ongoing and close to being finalized. Final changes and implementations for its closing documents are expected to be completed within the next few days.
About EGPI Firecreek, Inc.
EGPI Firecreek, Inc.'s business and acquisition strategy is focused on both the vertical integration of enterprises serving the DOT Construction and Intelligent Traffic System markets alongside its wholly owned subsidiary M3, Lighting, Inc. (M3), and on oil and gas production with an emphasis on acquiring existing fields with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories, through its wholly owned subsidiary Energy Producers, Inc. (Energy Producers) and the newest Chanwest Resources, Inc. EGPI Firecreek, Inc. is also looking to expand into Alternative energy sources as well as industries in the energy field. Other companies in the oil sector include Exxon Mobil, Pantina Oil and Gas Inc., Frontier Oil Inc. and Cabot Oil & Gas Inc.
Safe Harbor
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EPGI Firecreek Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EGPI Firecreek, Inc.'s filings with the Securities and Exchange Commission.
CONTACT:
EGPI Firecreek, Inc.
Public Relations and Shareholder Information
Joe Vazquez
(754) 204-4549
Email:infinityglobalconsulting@gmail.com
This their todays pr:
"....
EGPI Firecreek, Inc. Announces Retirement of Convertible Debt
EGPI Firecreek, Inc. (OTCBB: EFIR) announced today the successful retirement of a convertible debt originally tied to the funding of their 3 well acquisition program.
As previously reported, the Company acquired the rights to a 3 well drilling program which initiated the start of oil production for their oil and gas division. As part of their funding for the project, the Company agreed to a convertible debenture with a private lending group. Because of the nature of the financing and its dilutive nature which would be caused by any conversions, the Company felt it would be in the interest of the Company and its shareholders to replace the financing before any further dilution to the Company's shares could take place. ...Any oppinion on this?
Dennis Alexander, EGPI's President, stated, "As with any aggressive growth company, both working capital and project financing is always key to the success and abilities a company has in achieving their goals. We plan on continuing our efforts in obtaining more traditional non-dilutive forms of financing as we continue to fund our operations for growth, acquisition and project completion purposes."
The Company would also like to announce that plans for its acquisition of Caddo International are still ongoing and close to being finalized. Final changes and implementations for its closing documents are expected to be completed within the next few days.
.... "
Glta
Loonley Tunes
No still holding my 200k shares ... and waiting on Caddo news. If they will really aquire Caddo then i will probably hold for long hold or in other words i will sell only over 0.01$
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
Thanks for sharing.
So they are working on finalization of the deal.
Will see in next days.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
The point is of Caddo news is only EFIR credibility and not talking, talking and just talking.
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
Once again. Only news on Caddo aquisition will help us. With this news we will finnaly get what they promise.
If i promise to give you 1 apple in next week and then you dont get the promised apple for over 1 week or never, next time you want belive me!
Is very simmilar in this case.
They promise to give us 1 apple (Caddo) in next week to 10 daye and now we wait for this apple, and beatween they give us a pear (E-Views), but we are still waiting for the promised apple!
Before you buy something do a good DD and make your own conclusions. My post express only my oppinion.
now at 0.0034 looks much better. I'm stucked in EFIR, but for months ..