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Amen brother! Stevie Wonder could see that one can hold EGOC until the next ice age and it will never, ever generate revenue by selling an unapproved product into a vanishing market. A first year business student knows that.
The only hint of transparency by this CEO was the fact that he is running another sub-penny scam. That was initially caught by Sunspotter. For others it took a little longer but you can read their posts as the light bulb finally went off. Some lost their butts but you can see a pattern of picking bad stocks by reading the boards they post on.
Nothing is backfiring and Raymond, Stu and the gang have already lined their pockets at the longs expense. Pinkies like EGOC aren't "investments" and some are slow in realizing that. They're under the influence of hopium and trying to make a quick buck with the wrong strategy.
When it comes to the actual goals of this company (selling cheap stock) the word is opacity, not transparency. There are no "good things" happening and nothing for management to pump. Read the PRs and you'll see they're all fluff. No products, no revenue, no future. Go EGOC!~
P.S. Notice that someone (Ray?) just bought $3.50 of EGOC to give the illusion that it's a .0007 stock! Woo hoo!
Let’s Review Some Points Made Earlier
I like that idea so follow along. My comments follow the quoted/italicized comments.
In EGOC I see:
A Start-Up Company in its Early Growth Stage
1.) As for Products, Energy-1 has the following: ExhausTek, IonTek, TekFuel System, and with the recent acquisition of Master Lease it has a Truck & Trailer Leasing Facility with Approx. 250 Trucks and Trailers.
2.) As for Market, Energy-1 not only has the existing customer base of Master Lease but also has a potential market for fuel saving & emissions mitigation in numerous other industries beyond the trucking industry.
3.) As for Revenue, Energy-1 just acquired Master Lease which has an existing revenue stream. Further revenues will come from additional leasing and retrofitting of trucks.
4.) As for Financials, Energy-1 will be filing a Form 10Q that will include the recent acquisition of Master Lease.
5.) As for Volume/Momentum, it will come…..Keep Watching!
6.) As for No Leadership or Communication from Management, Energy-1’s CEO Raymond Brown has released multiple PR’s, conducted a Conference Call, answered questions from both shareholders and non-shareholders on multiple message boards. Ray will also take phone calls and return calls when he can. Raymond Brown has made significant progress as shown in the last four PR’s.
7.) As for No Promises Met, Energy-1’s CEO Raymond Brown has followed through with his business plan by in-use testing of its products that “Cut Diesel Fuel Use by more than a Third”. Let’s not forget “Receives Patent Application Update - Approval Expected 14 of 15 Patent Claims Accepted, 15th Claim in Review & Response”. Let’s not forget “Energy 1 Corporation Closes $3MM Credit Facility with TCA Global Credit Master Fund” Let’s not forget “Energy 1 Corporation Closes Master Lease Acquisition”.
8.) As for BS PR’s, Energy-1’s last four PR’s are anything but BS. These PR’s convey that Energy 1 Corporation is growing!
9.) As for Toxic Financing, Please read the top Sticky from Raymond Brown himself to clear up any questions regarding toxic financing that were implied on this board after the 9/28/12 PR “Energy 1 Corporation Closes $3MM Credit Facility with TCA Global Credit Master Fund.
10.) Energy 1 Corporation is only getting started and there's much much more to come!
It’s pretty clear that Energy 1 Corporation and its CEO Raymond Brown have made Great Progress and Energy-1’s future is very Bright indeed!
GLTA
EGOC won't run and I'll tell ya why but first, aren't you glad that Sunspotter and others told you that this was a scam and that you didn't buy in? Not all newbs were so lucky and some believed the longs who were desperately trying (still are) to unload their positions. Never mind that the longs who have been in this for a year have already lost about 80% of their money.
But here's why it won't run:
- The company website is a disaster, has been for almost three years, and tells the potential investor nothing. Visit it and see for yourself. Compare it to the competition. Yes they're both scams but who looks like they're trying to sell a product?
- This "startup" can't get started and never intended to. The company has no workable business plan other than to sell stock. They completely missed the boat and have no products to market; that means no revenue. None of their products are approved and on the market. They can't sell squat without approval and they've taken no steps to get approval.
- The longs don't understand where the company is headed with any business model and certainly can't articulate it beyond posting nonsense like, "It's going to run in two weeks," "Be patient," yada yada. Ask a simple question and they dummy up.
- Due diligence is impossible because their are no financials available and bag holders have no option other than to believe fiction from Raymond Brown. I don't know if others have ever bought a used car but you never believe the person trying to sell you something. That's nuts!
- Their is nothing on the horizon to be optimistic about. The last 10-Q I can find says that the company has an accumulated deficit of nearly $7MM and they have had zero revenue since then.
There are plenty of other reasons to avoid this scam but the bottom line is that the company is in the hole and still digging with a new tool -- toxic finance. Master Lease doesn't make anywhere near enough revenue to ever save this company. There is nothing to attract new investors and the volume illustrates that every day. =^(
I knew there would be no examples since the failure rate for penny (and definitely sub, sub penny) stocks is off the charts.
But these statements about EGOC are confusing:
I am 100% sure that EGOC will run again and it will run decent. Not telling anyone to buy and not cheerleading, this is simple if you know what you are looking at.
I may convert to margin, but just don't know enough about it yet, don't want to end up owning more then I have into a stock.
Opinions please. I've been following EGOC and I'm fascinated with fuel saving scams. A recent PR is here --
http://ih.advfn.com/p.php?pid=nmona&article=54345899
Yes, they got "financing" and used it for an unprofitable acquisition here --
http://ih.advfn.com/p.php?pid=nmona&article=54375247
I've Googled "TCA Global Credit Master Fund" + "toxic," also "death spiral" and what I found wasn't pretty. They appear to be an offshore (Caymans) fund that specializes in financing losing small caps. Examples --
http://www.trafcap.com/Press-Releases/
And this seems to be the standard credit agreement for the companies that I could find --
http://www.faqs.org/sec-filings/120614/SPEEDEMISSIONS-INC_8-K/ex99_1.htm#b
My questions:
- Is anyone familiar with TCA?
- Are they half as bad as I think they are?
At least some are dumping their shares at .0006s, glad they did, that way there is less at .0008/.0009 and EGOC can move easier when the time hits. It's not done, I have seen to many of these and this is not ready for a mud bath.
Again, I'm certainly no guru but there seems to be little actual demand for EGOC. If anyone actually believed in the future of this company they would be buying like crazy, but they aren't. Everyone is urging others to buy while praying for that little bump in pps. If this thing ever hits .001 the longs will drop it like a used condom and never look back. Example at bottom of this post.
I blame management for running this scam poorly. They have no real business plan and keep shareholders in the dark. Even if they had a product/market/revenue, there is nothing here for the new "investor." The EGOC website even screams scam.
Post from the most prolific EGOC pumper back in Feb of this year during the promo:
I am out!!!!
Got the promo email today....
Have a great day!!!
Thanks Ray for the final surge.....
It seems there is lots of interest, 18+ million at .0006, that is serious bid support compared to the ask side. How do you account for that, serious question.
I don't even try to account for the support/resistance of thinly traded and illiquid penny stocks because that can change in a nanosecond and they're way too easy to manipulate. If I was trying to divine where EGOC was heading I would look at the chart and the number of trades/volume.
This thing has traded exactly 4 times 2.5 hours into the trading day for a whopping total of $1,500. Where's the interest?
Good morning and I appreciate your concern, RYS. It seems that others are also watching the stocks this AM, no? I suspect EGOC investors are all clutching their bags and watching, while praying for rookie investors to buy. I don't think it will happen but I've been wrong before. ;^)
Morning craziness? Two hours into the trading day and some big investor bought 5000sh @ .0007 to create the illusion that this dying stock is moving up. You read that right but no surprise, that seems to be a daily occurrence lately. But think about it --> $3.50 worth of stock!!! With commissions added, that person would need this thing to go up over 670% just to break even. Priceless! 8^)
Go EGOC!
Are you saying that orders with special instructions saying "all or none"
are not shown on levelII???
I
Was there great bid support or did someone place an AON order knowing that it would never be filled? I believe the order distorts the picture just as the 4500sh buy did.
With a whopping 9 trades all day and sell vol exceeding buy vol 4 - 1, it seems like there is little interest in EGOC...
I'm guessing for the same reason someone buys 4500sh @ the ask 12 minutes before the close yesterday. ;)
Thanks. ;^)
Sorry, I wouldn't touch a penny stock, particularly a fuel saving scam stock, with a barge pole. HLNT offers some investors to get out if they act fast, but longs in EGOC, GCHK and some others aren't so lucky. They might want to consider these--
http://www.llbean.com/llb/shop/677
BTW, enter HLNT, EGOC or GCHK in promo code box and Bean will add 20% to the price. ;^)
Don't mean to hurt anyone's feelings but those "hydrogen boosters" aren't intended to separate hydrogen from water, they're intended to separate fools from their money. They are really old news news, available everywhere including eBay, have been for years and they have never worked.
There is a good reason that the makers don't submit them for testing by EPA/CARB and the FTC --> they do not work and their own advertising should clue in anyone familiar with internal combustion engines.
HLNT, EGOC and GCHK are several examples of this scam.
Nice to see that at least one person has a grip on these "fuel saving" scams. The good thing is that HLNT is trading and the potential bag holders can still get rid of this thing without killing pps.
If you haven't seen of the competition while doing DD, check the Energy 1 Corp, Greenchek, and Watchit Techonologies tickers. More good news: HLNT is crushing the competition. The bad news: they're all the same scams at different stages. :(
One day after the PR of the only hope longs have anticipated and the score is: 10 trades, 9 sells and 1 buy with less than 2 hours to go before close. The average person could probably write a check for all the trades without draining their checking account. Pathetic! Where's the "loading?" :(
Why is nobody buying EGOC shares? The last 3 PRs are as good as it's going to get and now there is little to look forward to.
Many posters are telling others to buy repeatedly, yet they aren't buying. Are they trying to lighten their bag? It seems that if they were truly optimistic about the future of this company, they'd keep quiet and buy like mad instead of trying to get some other poor slobs to buy.
Man up and buy, buy, buy.
Nope, I wouldn't touch EGOC because I don't consider these to be "investments" and I lack the Powerball mentality. If I bought would I have to come on her and pump every day? =^)
These are for trading and I don't have the skill to trade them for a profit. Glancing at the board our fellow posters have posted on and some of their comments, I'm not alone. Some people just have a knack for spotting really bad companies.
Hello Mr. Brown. It's nice to see you post and, IMHO, if you really want to move this stock you'll have to inform potential new investors by some means other than Facebook. Just sayin'...
Perhaps you could clarify your “clarification” of "toxic." My remarks are keyed to your quoted comments with my emphasis on potentially confusing statements..
Using my 1 post: Just in case there were any questions on the subject, I hope that the relationship with TCA and our acquisition of Master Lease is now clear with respect to any "toxic" questions.
As per the release: “This was an all-cash purchase of 100% of the equity interest in Master Lease. No shares were issued, nor will be issued in association with this deal,“ said Raymond T. Brown, Chairman of E1. “Just so there is no confusion by the market or our shareholders, there are no stock or option conversion features as part of the deal, nor any associated with our credit facility. It was a pure cash deal for a great addition to the E1 business model”
Then why not buy more now? A measly 1MM shares would only cost $800 now or 20% of what it was exactly a year ago. I don't understand why people are not buying at this price when they'll have to pay .0004 in a week or two? ;)
Is it hard to spot "dilution action" on a stock that is so thinly traded? I'm guessing it is.
EGOC's total average daily volume could be bought without straining an average checking account. Two and a half hours into this trading day and all shares traded could be bought for a burger flippers paycheck.
I'm guessing that there is no shortage of free stock ready for trading if this thing ever moves.
Sadly, no. Patents can take about 2 years + for approval according to the USPTOP site. In a rapidly changing tech world, that's a lifetime. EGOC could easily have sold products as patent pending if they worked and they had approval, but why? It is far better to just sell stock. Paper and printing is far cheaper.
P.S. Should have mentioned that the only patent they applied for (with 15 claims) was on the exhaust device and there are already plenty of approved good ones on the market.
I didn't expect a reply because there are no reasons for buying this. I understand but it makes this board fun to read.
EGOC is "looking good" if we could short it but we can't. They have no approved products that they can sell so their only revenue comes from selling stock and maybe using some of that toxic financing.
They have no time(or inclination) to get their fake products approved before it is overcome by a passing CARB deadline. There isn't even a story for a half decent pump and dump. The only "good" I can see is that it's a dirt cheap and bag holders won't loose much unless they really got stuck on stupid. That might be cheaper than buying/reading several investment books. ;)
That could very well be but you do have to wonder why, no?
There is no market for unapproved products and time is running out. The deadline for the last of the forced compliance CA trucks (MY 2005 - 2006) is 14 months away and EGOC has done nothing. That means that the owners choosing to retrofit (why, with a 8 - 9 year old truck???) will be using products from big established companies like Cleaire & Donaldson because EGOC has zero name recognition even if they had approval.
There is no revenue coming and 800,000,000 O/S so why would anyone buy this? Please expound because none of the longs seem to be able to do so. For that matter, they couldn't figure out where the missing bus fleet was... I think Raymond Brown is a messianic figure and has formed a cult here.
I'd celebrate too. =)
I hope your loss was small but Friday was probably a good day to sell after the toxic debt PR "news" came out. The next "news" from transparent Raymond Brown will probably be telling "investors" that the fake Middle East bus deal is dead and that there was never a 14000 bus fleet anywhere in the ME. He's an honest guy... not!
I expected a little bounce this morning as pumpers bid it up but now we're an hour into the trading day and no one is taking the bait. Not one trade. Insiders and longs can't get rid of their stock. I think people are understanding now that Brown doesn't communicate because the company nothing good to say.
Comedy Central? You have made my morning but you owe me a monitor cleaning after this comment. =^) Maybe someone should tell Ruan,Penske and idealease. They have no chance of succeeding.
Too cool but let's recap. According to the phony PRs, EGOC's plan was to snag Master Fleece and have them lease out clunky old trucks retrofitted with E1's bogus, unapproved devices to lease purchase operators (aka suckers). The problem is that after several years, EGOC has taken no steps to get the devices approved and on the market. That leaves Master Fleece with a lot full of overpriced trucks that aren't compliant. Still, EGOC seems intent of grabbing M/L with a toxic financing and "private placement" deal.
Contrast M/L with real leasing firms such as the ones you mentioned. They lease new compliant equipment to companies and are pretty successful. They do not lease worn out old trucks to individual dummies with bad credit. Do some DD and call all their 800 numbers now. Ask if they do lease purchase (aka fleece purchase) deals.
When the person who answers the phone stops laughing, they'll tell you that they only lease to credit-worthy entities. Thing is, the independent with a half decent credit rating will not even consider lease purchase in the first place. They can buy a decent, relatively new, low mileage dn fully compliant used truck from those leasing companies for less that the price of the elderly equipment on M/L's lot. An example is here and it's $38k less than M/Ls only compliant truck--
http://idealeaseusedtrucks.com/vehicle_preowned/vin/?vin=2HSCEAPR07C489714
Master Lease is a horrible idea and I can't believe EGOC "investors" still mention it. It's like the bad penny and here's why. Visit this link --
http://www.masterlease.com/index.php?option=com_content&task=blogcategory&id=0&Itemid=32
count the trucks, print out the page for future reference and keep it handy. Done? Good!
I did that awhile back and learned several things. Of the 17 overpriced truck displayed then, all of them are still on the lot and that hints that business isn't so hot. That '97 Pete is the equivalent of 112 years old and there is still snow under it... See the bare trees in the background on other pictures? Is that another clue? Only one truck is young enough to be compliant and run California -- the red 2007 Cornbinder at the top left.
Why aren't drivers leasing them for OTR use? All of them are old, high mileage trucks and they are money pits. None of them can be retrofitted with EGOC's unapproved (mythical) products.
Does EGOC still want a piece of that action? Do you?
Read up on TCA and "angel investors" and you'll realize that one finances down and out penny stocks that are sometimes the remnants of past pump and dump promos, while the other doesn't. Guess which one TCA is.
So basically what you folks are saying is that you would lend to an unprofitable company and have no idea how that company might repay the loan if their business model didn't pan out? Have I got that right?
I realize that by buying the stock you're not lending, but giving money to unprofitable companies. I like TCA's risk free plan better. =^)
Help me out here stock gurus because I'm missing something. It sure looks like EGOC's terrific financing deal is toxic finance. I've asked myself why a savvy financial outfit would extend credit to a unprofitable company unless they had nothing to lose and everything to gain. My answer is, they would not.
Read the credit agreement at the link below. I suspect the deal is similar to the one that EGOC has agreed to. The company the link pertains to is Jammin Java. That company is another penny loser (see ticker board) although they actually do have products to sell. They are losing money bigtime (read their 10-Q) and the stock price has plummeted from a high of about $6+ a year and a half ago down to 16 cents... How would you like to be holding that bag? So... who would lend them money unless there was no risk involved? No one.
http://www.faqs.org/sec-filings/120802/JAMMIN-JAVA-CORP_8-K/ex10-1.htm#b
That link seems to say that for all practical purposes TCA owns the company. They control the purse strings and can call the shots. The "shots" seem to be more dilution and that doesn't help EGOC. TCA benefits while the company falls on its face.
So how do EGOC shareholders gain with a similar agreement? I've yet to see anything that indicates that EGOC will be able to get their mythical products approved and on the market anytime soon, regardless of how much money comes their way. Without approval, they can sell nothing.
They've been jerking around for several years and the deadline for retrofitting anything will pass before approval occurs. They can't even seem to get their website together or an audit done, so I'm not optimistic. Think: how can they get approval, get on the market and compete with well established competitors within the next 14 months? How will they possibly repay TCA when they can't deliver on any promises? Is it managment's intention just to peddle more stock, take TCA's money and run? Your thoughts?
Is EGOC still trying to acquire Master Lease??? Wow! Please tell me you're joking.
And private placement? I really want to sell used cars and bridges to those people because Master Lease is a losing proposition.
Ginger, you ask good questions and some are the kind of thing that people should think about before buying an "investment." Note: I realize that nothing I write will change a single mind, this is typing exercise and most that actually did some DD already know the answers. Moving right along... I want to respond to some of your posts regarding EGOC has missed the boat with fuel conserving and Pollution devices. You say that the engine manufacturing companies that supply Diesel engines have been upgrading their engines and exhaust systems to keep pace with fuel conservation and air pollution. HOWEVER, lets talk about the statements regarding that EGOC missed the boat due to the fact that newer and better trucks are being manufactured leased and sold which makes EGOC's devises a moot point. 1st. The newer leased and purchased outright trucks are extremely expensive, especially if financed. 2. What happens to the turn-in tractors taken in exchange for the newer trucks. Many foreign countries use the more compact European models due to road size limitations. Our big clumsy tractors are really not for them. Especially ones with a gazillion miles on them. But I would expect some get through to these countries. Do the trade-in tractors just dissolve into thin air? Or can they be retrofitted? 3. You fail to mention the countless hundreds of thousand of other Diesel trucks that operated around the country and do not get traded up every few years like FedEx or similar companies. 4. Let's talk about the short distance haulers, the fuel carriers, the car carriers, the fixed wheel chassis box trucks, the large moving company trucks, the marine use diesels, the diesel dump trucks, the Jitty movers, the bulldozers and construction diesel equipment, and the list goes on. Oh how about buses? To look and only a small segment of trucking and say that there's no need for anyone else to design and install fuel and air pollution devises is just plain silly. The engine manufacturing market is only competition in tractor engine design, not the fix all. And did I leave out diesel farming equipment.
They did miss the boat but they never really planned on catching it. No different than other fuel saving/green energy penny stocks.
Well, I can't agree with you more on that.
Compared to what was available just a few short years ago, they deserve a huge hat tip. Ultra low sulphur diesel sure helped a bunch too.
I have some comments about that.
Alright.
Very true, but an independent doesn't have to have the very latest, shiniest, fastest, most chrome laden truck available even though most want them. Decent serviceable, efficient and fully compliant trucks are far cheaper than new or near new. Leasing retrofitted junk makes no sense.
Trucks are like foster kids. Over-the-road (OTR) trucks go from original owner (mainly companies) to independent or lease in about 2 - 4 years. The reason is simple (dog years); they're already 14 - 28 years old. They'll stay with the second owner about 3 years (smart) but maybe more (dumb). Lease trucks bounce around like mad since fewer than 84% actually complete the lease purchase. Lease operators are the flakes of the industry and certainly not a good customer base.
But from there they go to the boneyard where parts are recycled/remanufactured or go overseas. There are plenty of other countries (think Latin America) that can use them and rebuilding with $2 per hour makes sense. Our labor costs per hour is about $75 - $100+ and it's cheaper to just buy something a little newer and compliant. Retrofitting is a loser for the simple reason that everything wears out, it is cheaper to just move up to newer and compliant and nobody wants to restore/drive a junkie old trucks like Master Lease peddles. Would you?
But it's not quite a gazillion, more like about 800k - 1M miles. When truck hit about 500 - 600K miles and warranty runs out, maintenance cost per mile jumps from 2 cents per mile to 16 cents per mile. They call it a hockey stick maintenance graph and the owners are rolling the dice. For that same reason, everyone reading this trades cars with high mileage, no? Would you commute in a 40 year old car if your livelihood depended on it?
Very true but that's not the market EGOC targets for several reasons. For starters, they burn maybe 10% of the fuel that an OTR truck does annually. Another reason is that, unless they are domiciled or run in CA, they don't have to retrofit.
But if you can show me a company running OTR trucks much older than about 5 year, I'll show you a poorly run company teetering on the brink of bankruptcy. Call any OTR company in your area and ask about the average age of their trucks. Hell, they couldn't get drivers to drive them when they could drive these guys, make more money and have fewer headaches --
http://www.nussbaumjobs.com/equipment
Again, they burn maybe 10% of what OTR trucks burn and that means they can pass the costs on to the customer if they even had to retrofit. Read the regulation summary and see who it applies to and their deadlines. Retrofitting OTR trucks is a problem for CA truckers. Most out-of-state owners could not care less. Better yet, their next truck will be compliant.
You are correct, it would be silly but that isn't what I said. I'm saying that EGOC has no approved products to sell and haven't taken the steps necessary to get approval. Meanwhile, the market is disappearing fast and even used, efficient and compliant trucks make more sense dollarwise and at the next trade-in time.
Bottom line, EGOC, too little too late.
Man, you are quick on the trigger and John just had to ask a good question. =^)
It sounded familiar and I was Googling all over the place to learn that TCA is probably toxic financing. I see that they are also financing other 'winning' penny stocks and not just EGOC...
http://en.wikipedia.org/wiki/Death_spiral_financing
http://www.investingadvisers.com/finance/articles/the_mysterious_world_of_death_spiral_finance.php
And I love this on their website --
The investment funds described in this website have not been registered under the federal securities laws of the United States, the securities laws of any state, or the laws of any other jurisdiction.
Too true as usual. =^)
"we're going to get a patent on our "technology" soon, honest, so if you wouldn't mind buying or at least holding while me and my cronies dump a few more millions of our free shares into the market, and don't worry about the TA being gagged, it's just one of those things. Expect to hear about the patent sometime in 2013"
Read the financials before considering this for another minute. It won't look so "nice" after a few minutes of reading.
Then, Google "perle waldron" and see if it still looks good. The CEO is crooked as a corkscrew and the sole purpose of the company is to line his pockets. They've never made a dime for the shareholder.
You are a wise man and judging from a family members experience, the "extended plans" aren't that hot. Much hassle, a deductable and the "replacement" phone was used. Consumers Reports advises against them.
http://www.msnbc.msn.com/id/16637188/ns/business-consumer_news/t/do-you-really-need-cell-phone-insurance/#.UGSnqpjA_h4
They are the moneymaker for companies selling merchandise with paper thin profit margins in highly competitive markets. It seems almost impossible to buy even a damned pizza without some clerk offering us "insurance."
Glad to see that you got out and I sincerely hope everyone can get out without losing their behinds. Unfortunately, that's unrealistic and a few probably went in deep.
I think the market this CEO targeted was the stock market and he had no intention of selling the bogus devices. Why invest capital when folks will buy the stock? He keeps them in the dark and dribbles out (mis)info on Facebook... Yes, Facebook!~
I still believe the time to test and sell was long ago but he occupied himself selling stock to folks that don't understand trucking and diesel engines. The truck and engine manufacturers have pretty well got the market covered and are cranking out compliant, fuel efficient that are fare better than truck of years ago.