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Yes. They will raise the ask back up to 1.00 PPS. Low float stock is hard to get cheap shares.
When all is said and done, what marketcap should we be looking at???
I wonder what happens when we knock out the .51??? Simply not any cheap shares available.
Great point. They know the value and they are not going to let the shares go for todays prices. The stock is way undervalued.
I took a while to fill at .25. I think they will be hitting the ask on this one all the way to multidollar land.
Not counting this month. If you go back to Feb. 2009 it looks like about 300,000 shares trades total. That is just looking at the monthly charts and rounding it off.
I just read the pr from Exterra. IF this is our new partner it would be HUGE. However, it is all speculation until we get word from Eagle. The pr from Exterra also stated that a top executive that was with Exxon will be joining the team when their merger takes place. The timing of the two companies news makes it look like this could very well be the deal and I hope it is. Even if it is not, we have big news coming and I am excited about it. Perhaps someone else on our board could do some more dd and try to connect the dots more for us. Nice find.
I agree. MAJOR news coming and our new partner is going to help the company start the revenue flowing. We should hear details on this in the next few weeks or possibly even days. The developments should start be the end of the month. We are sitting on a fortune in oil and it is time to start pumping it. The best thing about it all is the low float and great share structure of the company. Not the typical pink stock at all.
It took me a while to add shares this morning. Next week will be fun.
I do not think it is the company. Management said they are not selling any shares. Looks like they have made solid moves and the low float tells me that they are dead serious about the value of the stock.
The pps has slipped down some in the past week but the accumulation line is moving up. When we get the pr we are waiting on, PPS will jump fast. Just a hint about this upcoming deal shot us up 1000% in one day. Got to love a low float.
Management said that they are not selling shares. And I believe that they are not. This company has an excellent share structure and the their debts are low. They are gearing up for revenue with a new partner without any toxic financing. The smart way to do it. I could easily see them being 100% debt free and solid revenue for a long time with this new joint venture. Combine that with a super low float and we should be very happy shareholders soon. Just in my opinion. Happier than a pig in mud.
Double post was a boo boo.
Maybe a few days away from the good news. Smart money will move in before the run.
It could be very big news. Any ideas who will be partenering with us??????? Maybe it someome big. I am sure they did their homewrok on these wells before investing millions of their own money to share in the profit with us. It is a very positive relationship and a smart play by management. Staying out of debt, great share structure, revenue on the way, billion bucks of black gold, 10 million dollar line of credit, no dillution, insiders own most the o/s, and more news coming soon. Does not sound like a pink sheets CEO to me. They should do very well.
Someone wanted a lot of shares today. It is getting close to the middle of the month and we should be hearing specificss on our new partner. I wish I could have got my shares cheaper today. LOL. Seems like everytime I try to buy the ask goes up. Maybe, I could call a MM and tell them to buy my shares the dirty way with a "t trade". LOL. But whats an extra penny cost per share for EGOH when we tap that Billion Bucks of black gold.
Both agreements required Sam to hand over everything related to the Bio Harp. The working instruments, notes, drawings, schematics, marketing materials, and all things associated with it. Sam spent years making this thing and he is a talented scientist. There is a ton of stuff somewhere. And how much stuff did we get????? Sam's attorney claims he deliver it all. According to the letter from our lawyer to the court, Sam has turned over nothing except for a broken unit that was sent back in February.
Paul was concerned about Sam delivering these assets. So, just before the deadline on October 18th, 2010, he had his lawyers send send Sam a letter reminding him of the assets he agreed to send Xtend Medical.
#1 - One sensor units - For example the one used at the Hunter Wise Meeting, Pauls office, trade shows, Korean Research centers.
#2 - five sensor units (looks like the Japanese had a an intereest in it)
#3 - denatl prototype - Sammy boy made one spefically for Dentist.
#4 - Schematics and technical drawings.
#5 - Manufacturing plans and molds
#6 - Mr. Lee's Notes from the lab
#7 - Marketing Materials
#8 - Trade show products
#9 - Instruction Manual
#10 - Business Proposals
Sam never thought he would have to go to court. His plan was to call a board meeting and drop the lawsuit. Sam tried to hide his guilt and make this all go away. To start with, Paul would have never signed an enforcable settlement agreement that would give Sam this option. He would have just took him to trial. Sam was even trying to change the name of the company and I am sure that kicking Paul out was his next move. Paul was the legal CEO before Sam's illegal board meeting and Paul was 100% legal when he changed the share structure. He had every right to do it because Sam did not have any kind of anti-dillution clause in place. This means that Sam can not say or do anything about share structure changes. Paul had to change the share structure for the audit and it was SEC law that required him to audit the company after the purchase of the bio harp. Also, take note that Sam's lawyer keeps complaining over and over that Paul dilluted his holdings. Well, Sam signed TWO legal agreements to take shares in XMDC in exchange for the Bio Harp and he has no right to complain about the stock. He should just deliver what he was paid for and he may just find that he likes the stock a lot more in the future. Like you said, now he is going to have to over 500,000 in legal fees for a court case that he will never win. It is clear to me who needs to take the whole bottle of "smart pills".
I am pumped up becase this stock went up like 1,000 percent in one day with just a hint of things that will take place soon. When the meat is on the table soon, the big dogs will be coming.
I am excited about the upcoming news but what will really help us is the fact that these guys will be starting around the end of the month. This should mean that revenue is on the way soon. That is all it will take to establish a much higher pps level for the company. Solid numbers change stocks in BIG ways. Especially, in penny land because talk about what you migt have really means nothing. When the oil thats coming out of the ground, we will be tapping that potential billion dollars in revenue. Combine that with a very nice comany share structure and we are going to start the new year with a bang.
I honestly do not know what the MM's do. Some say computers run it all and maybe are programmed to manipulate the pps and chance they get. When news comes out, it will be a game changer. We touched .20c last time just on news about th letter of intent. Someone is going to invest up to 2,000,000 dollars in a joint venture. We should be getting all the info very soon and this stock will explode. The low float will cause the pps to rise much faster than normal. Also, management will not be selling shares and slowing down our run. I feel that this one could be very fun to watch. I am locked and loaded for the fireworks. News about solid revenue about a billion dollars of oil will be a MAJOR news for this company.
That was a lot of shares. They should not be able to hold buy orders like that and then show them at the end of the day. Call it balancing the books but I say it is hog wash.
Perhaps, a green day for xmdc?????
That is a good question. Sam is messing up big time. I say that because he needs to get paid. He should have worked with Paul this time last year and turned those 500 million shares into some serious money. The Bio Harp device has the potnetial for huge revenue and all he had to do was just hand the stuff to Paul. Then, one year later he gets a nice pay day. Paul had the money in the bank to start manufacturing this time last year. But I do not blame Paul for not starting manufacturing or anything else when Lee did not sign the patents over. I just have a hard time understanding why Sam would not just make the best out of his shares and enjoy the money. Now, Sam is looking at major legal bills and he still has not complied with the last settlement agreement. The dude needs a good friend to sit down and talk to him about this. LOL
Actually, Xtend Medicsal owns the Bio Harp technology. The patents say it all. We are just trying to get Lee to hand over the schematics. marketing materials, and other important information regarding the Bio Harp Units.
They were both to take a certain number of shares and place them into an escrow account for the future. Paul took his shares and did this. Sam made no effort to do so. Paul DID not care that Sam did not want to have any part of the company. It was not that large of an amount going to escrow anyway. Sam was given his shares. Paul wanted the Bio Harp and he plead with the courts even as late as summer that they were ready to make this deal. Sam refused to comply with anything and you see how it turned out for him. He lost the patents and once again failed to comply with a new agreement. The lawyers held Sam's shares over the summer becuase Paul wanted Sam to deliver the assets and take payment. Plain and simple. I said all summer that Xtend Medical was the legal owner of the patents per the APA. You will find a bunch of old posts by me repeating this like a broken record. A deal is a deal. Sam trying to take control is just a last ditch effort to cover his guilt. Or should we say erase it by dropping the lawsuit.
Also, talking about the judge does not like shell companies. Well, that is the beautifull thing about our legal system. They can not discriminate based on sex, color, religion, terrorism, or what stocks they like. Maybe, the judge likes blue chips stocks, it will not matter. It is all about a legal agreement and Sam not doing his homework before signing the paper means absolutely nothing. Paul can change the share structure of the company as many times as he wants. He is the CEO and Sammy boy forgot to include an anti-dillution clause in the agreement per a signed letter from a lawyer to the judge. Ignorance of the law is no excuse and will not help Sam. You do not get second chances when you sell something and regret it later. Our system will protect the buyer if fraud is involved and that is exactly what Mr. Duncan was saying in that letter. Problem was, it was not the time or place for that letter. But make mistake, that time is coming and Sam will lose his cool in the courtroom. In my opinion Sam Lee does not have any respect for the law and he never cared about even helping Paul. He just wanted his shares and all of the money in the bank account. Literally.
No I am not. I took notice that Duncan's letter stated that Sam sold the assets for a certain number of shares (per the APA). Duncan said that Sam was not promised a specific percentage of the shares but only a certain number. And without an anti-dillution clause, Sam is out of luck. This is only my opinion becuase a lot of the legal aspect could even fall back on the bi-laws that Paul put in place back in 2007 when he created Xtend Medical. I think Paul had his bases covered on this one but there is simply no way to know for sure. All we can do is speculate but connecting the dots does help sometimes.
Yes. In my opinion, Paul converting the preferred shares to common shares was legal and had to be done before an audit takes place. Sam made a deal to sell the assets for shares. That is done and we have the most important part of the assets. The patents.
Can Lee back out of a deal because Paul changed the share structure???? No. There was was NOT an anti-dillution clause in the agreement. Plus, I have done extensive DD on Sang Moon Lee. He is a very gifted inventor and he has not interest in sitting in an office. He likes the lab.
Sam is just trying to take control of the company to end a very legit lawsuit that he will not win. Paul had time to think out all of these things before he changed the share structure. In my opinion, Paul knew what he was doing and it was legal. I will admit that I can be wrong but that is just what I think.
Keep in mind that the original APA was solid enough in court mediation and with the help of a judge, the APA landed Paul the patents. This judge may not like the dillution but there is a contract in place concerning the sell of assets.
I agree. We need to keep this board on topic.
Xtend Medical has the patents. Sam did not want to sign them over but he finally had to do it. The deal was legal and it held up. I do not see how Sam thinks that he can just walk away. The share structure change was legal and the judge does not like it. However, the judge must uphold the law. This is going to be tricky because neither one them is the perfect angel. The judge has given them both the hint that they need to work it out. Because there is only going to be one winner when the trial is over.
I noticed that part about the Japs. We all know that these boys have spent a lot of time and money fighting for the Bio Harp assets. I have been thinking that there had to be more to the story. Now we read about a possible deal with the Japs on the 5 sensor units. Call me crazy. But there is someone else involved with all of this. Paul and Sam are in a race to take control and to get the technology from point a to point b. Looks like the Japs could be part of the point B. The funny thing is that we have no idea just how big the deal with them could be. I am talking about this because I do not believe that PL has spent this kind of money and time just to start making a few devices and hope that they work. I think there is much more going on with the mad sceintist and PL's journey to market the Bio Harp.
I am looking forward to reading more when PL's new atty gets started on this case.
Our new lawyer: Time for Lee to meet Mr. Finger. LOL.
Mr. Finger is the co-author of the Delaware Trial Handbook, published by Lawyers Cooperative Publishing in 1994 (with annual supplements through 1999). He has also published on a variety of legal issues pertaining to First Amendment rights, Internet law and legal ethics.
Thrice named one of Delaware’s top lawyers in polls of lawyers published in Delaware Today magazine, David L. Finger is a third-generation Delaware lawyer. He is a graduate of Wilmington Friends School, the University of Pennsylvania and the University of Virginia School of Law.
Mr. Finger has represented individuals and entities in shareholder disputes, corporate election disputes, commercial disputes, trade secret, trademark and patent infringement litigation, property disputes and commercial bankruptcy matters. Additionally, Mr. Finger has represented news media, reporters and other individuals in defamation, freedom of information and related First Amendment and media law disputes.
Mr. Finger is a member of the Bars of the Supreme Court of the State of Delaware, the U.S. Court of Appeals for the Third Circuit, the U.S. Court of Appeals for the Second Circuit, the U.S. Court of Appeals for the Federal Circuit, and the U.S. District Court for the District of Delaware.
Your numbers look good. Lets also take into account that we have an operation partner coming into play to enhance overall production for a shared interest. The patner will invest up to 2,000,000.00 into our fields. That is should be more than enough to get a large percentage of the good wells online and tap that 12 million barrels of black gold. We should be getting more details on this in a few weeks. The best part is the development should hit the ground running at the end of the month.
I was just looking at another oil stock. They have about 3 times our reserves, much more debt, tons more shares and the pps was at 1.00 not long ago. Also the ceo of the other company paid himself 1 million bucks for a years salary.
Eagle is looking really nice compared to some of the other oil stocks with comparable reserves. We have a low float, low debt, and solid CEO that has stated and proven that he will not dillute the stock. I am really looking forward to seeing our revenue start and our pps will out shine the other oil stocks with comparable reserves by leaps and bounds.
That was music to my ears. The B O word.
The best part should be in a few weeks. We should have updates on key developments with our new operations patner and find out more about tapping the revenue on the HUGE oil reserve. PPS estimates for that time are beyond my guess. Just buy on the dips and hold out for the BIG news. There should be much more on the way soon. It is just the first good day.
It is on the radar now. Ticker buzz cloud radar showing 1,122.22 percent gain. I hate to say a gap up after a day like today but with all the new eyes on such a low floater... We should have another great day. Especially considering the company is not selling shares, and has very little debt. Best looking .pk that I have seen in a while. The billion dollars in oil should help soon as well.
Proven Reserves
A report prepared by TEC Engineering, the Company’s leased oil field had as of July 31, 2009, net reserves of 12,583,300 barrels of oil.
There will always be dips. I think the biggest movements could very well be in a few weeks. 1100% could have just been the start.
I figured that is who shared it with you. I remember reading about the knee and was wondering what the other issue was that the Bio Harp detected that day in his office. I think there is more testimony out there as well. We have just never heard it. Perhaps, one day soon we will have all the testimony we need.
How many pink sheets companies would also keep their hand out of the cookie jar???????? No dillution and no need to use a 10,000,000 credit line???? I think today's pr tells us why. They are going to let someone else use their money to jump start the operations. I guess they have that option considering how much money is in the ground and someone must have had documentation to offer this kind of credit line.
January 07, 2010 07:00 AM Eastern Time
Eagle Oil Announces $10 Million Equity Line of Credit
RENO, Nev.--(BUSINESS WIRE)--Eagle Oil Holding Company, Inc. (OTCBB: EGOH) (the “Company”) announced that it has signed a definitive agreement for equity financing of up to $10 million from Auctus Private Equity Fund, LLC, a Boston-based private equity fund.
This financing is subject to an S-1 Registration Statement being declared effective by the Securities and Exchange Commission which is to be filed in January. The Equity Line has a 36-month term and allows the Company to draw down, at its discretion, on the facility, based on the timing and volume provisions set forth in the agreement.
This $10 million Equity Line of Credit represents EGOH’s principal long-term financing plan, but is only one prong of EGOH’s financing strategy that will be used to accelerate the reconditioning of EGOH’s East Texas oil field or for acquisitions.
About Auctus Private Equity Fund, LLC
Auctus Private Equity Fund, LLC, is a Boston-based private equity firm that specializes in providing funding to small, medium and large publicly traded companies in all industries.