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Kirbs, in another post you mentioned the patent and said the claims pertained to a fuel saving device. You might want to glance at the only patent this company applied for and you'll see that the 15 claims were on the muffler. I believe the bogus hydrogen on demand device is unpatentable (sp?) and probably because they've been around for decades. There are a slew of them for sale on eBay if you'd like one for your car. The question is, why hasn't Ray sold any devices when the patent was pending???
Folks the key here is simple, the technology cuts diesel fuel usage by a third. That's 33 percent and HUGE!!!! Want to find out how huge that is just ask any OTR driver. Love the thought of the master lease deal. Could be the very thing that turns a not so profitable trucking option into a much more profitable option. Anybody checked the price of fuel lately? Go EGOC!!!!
Very true, it is only my opinion and the company can't show that I'm wrong. They still have -
No assets, no products, no ME buses, 2 employees and in spite of unfulfilled promises and bogus PRs --> no future. There isn't even enough "story" here to run another pump and dump.
Why doubt? Because virtually everything this company has put out had been exaggerated, distorted or outright fiction. Not one promise has come to pass and they are stringing investors along with bull pucky.
I haven't seen any hint of DD on this company. Trusting Ray and PRs written by him isn't DD in my book.
In my 'pollyanna world', I'd like to see the company buy back all stock from bag holders at cost and for management to go quietly off to jail. I don't think that will happen.
Question for the faithful who have done DD: Where was the 17,000 bus fleet?
Has anyone done any DD on this company besides SS? I ask because it seems that no one considered the market that EGOC is targeting and confusion is rampant (example quote below). Hardly. New big rigs are much more than 16k. More like 60-100k.
So let's recap: EGOC targets the over-the-road long haul trucks because they say that zillions of trucks will have to be retrotitted, upgraded or replaced/replaced. They'll sell old retrofitted trucks and there is apparently a market for them...
Is that a fact? Not really and most of the trucks are either already compliant from the manufacturer (MY 2007 or newer), retrofitted or too near replacement for EGOC's business model to make sense.
You seem to forget that with new laws coming into play very soon truckers will either have to completely replace older rigs, have them retrofitted or completely replace the engines at their own expense.
Truckers are so up in arms about the costs they're taking the epa to court.
www.foxnews.com/politics/2012/01/06/california-truckers-take-epa-to-court-over-fuel-efficiency-rules/
If you aren't domiciled in, or run, California, you are home safe. Just run your old truck until you trade or junk it. When you trade for a 2007 or later, you can run it until 2023 or long past it's normal lifetime. You don't have to retrofit anything.
No one mentioned $16K. New rigs are far more expensive than $60 - $100K but a trucker need not move up to new. For the independent on a shoestring, a cheaper MY2007 (mfgd in 2006) will be fully compliant until 2023 and will be traded far sooner.
Regulation is here --
http://www.arb.ca.gov/msprog/onrdiesel/documents/multirule.pdf
The Fox news piece refers to older dump truck and construction trucks that rack up a fraction of the miles than an OTR trucks runs and they burn far less fuel. EGOC targets OTR but they sell no approved product for any type of truck.
Even if EGOC had products to sell, they are too late, approved devices are already on the market. The Manufacturers of Emission Controls Association (MECA) reported that sales figures for 2011 weren't exactly anything to write home about even though the CA law kicked in on Jan 1 of this year...
http://www.dieselnet.com/news/2012/05meca.php
Either I missed some newsy posts, don't know the secret handshake or maybe because I don't read EGOC's Facebook... but I don't get this --
GM fellow EGOC investors! Hoping for a great trading day today. Great news released last week on the patent and the M/L deal could be finalized and released any day. Ray is working diligently on getting all of the filings complete and current. IMO OTCBB or QB may not be far away either. Investors here may quietly be holding the next 10 bagger!!!!! Ssssshhhhh :)
"What's in your wallet?" If you invested $1000 (?) in EGOC exactly one year ago, you have about $233. On the other hand, had you invested in a generic 2x S&P ETF, you have $1600. The smart choice?
The sad fact is that EGOC is still a scam. No assets, no products, no ME buses, 2 employees and in spite of unfulfilled promises and bogus PRs --> no future. There isn't even enough "story" here to run another pump and dump.
I don't get it but then I'm not an investment guru. What is the deal with EGOC and Facebook? Are they trying to ride the FB stock to the moon? Do they just want someone to "like" 'em?
I've seen companies on FB but never noticed another company that only seems to put out information to stockholders via Facebook. Why can't this company get their web page together? A competent geek could enlarge/enhance the font and freshen up the existing website but it seems like management wants to keep people in the dark for a reason. Whatsup?
You are making my point about Master Lease and/or E1 Leasing being a horrible plan.
If I'm so wrong then provide proof to the contrary. My step brother is in the trucking business and he has leased every truck for the last 15 years and does very very well.
However not every trucker has stellar credit that would allow him/her to be approved for such an expensive purchase.... so they lease or lease to own their trucks.
Want some proof? Here's a taste.
nsleasing.com/files/EBookBIgRigs.pdf
Misleading post? The MIT research on the Plasmatron device was financed by ArvinMeritor ($1 million per year) and didn't involve separating hydrogen from water or fools from money. The initial goal was cleaner emissions rather than increased fuel mileage. I believe one scientist on the project was Louis Rosocha, they worked on it for years and you can read his words in a moment but read this first--
http://tesla3.com/free_websites/plasmatron.html
The device did result in increased fuel economy for short periods of time I believe, unfortunately it also generated huge amounts of soot. Oops! ArvinMeritor stopped the funding/research and the Plasmatron was sold to Edge One Capital. It has been on the shelf ever since.
MIT Plasmatron & Arvin Meritor
The “plasmatron” ( a plasma source having coaxial cylindrical electrodes with a swirling gas flow to ameliorate electrode erosion) was invented in Russia in the 1970’s. The inventor, Rabinovich, was able to find a job at MIT and, when H2 generation/fuel conversion/NOx removal was at a rage, worked w/Cohn & Bromberg at MIT on a plasmatron for fuel conversion and generating H2 reductant for NOx removel.
Arvin Meritor became an industrial backer of the device, hoping to find a large market for it. People wonder ‘What ever became of the MIT/Arvin Meritor plasmatron?’ – it seemed to work so well. No conspiracy here: the device did work well for short periods of time; however, for reasonable operating times required of industrial/automotive devices, the MIT plasmatron made bunches and bunches of soot – very undesirable to inject into an engine or a NOx-removal system. Discovering this, Arvin Meritor promptly dumped MIT and withdrew funds for subsequent work.
If one looks at Cohn et al work at MIT in the past few years, they have moved on to advanced ethanol engines – or whatever else is the rage at the time.
Dr. Louis Rosocha
Applied Physics Consulting
Los Alamos, NM
&
22+-year Alumnus/Retiree of the Los Alamos National Laboratory
Dead wrong on many counts, but maybe that's FauxNews. Gotta run and can't do all the posts justice so, back later/tomorrow.
For the time being --
http://www.ooida.com/blogI/?p=185
EGOC's game plan is horrible and unprofitable except to the carriers. Lease purchase is the bottom rung and almost 90% of the drivers lose money and never complete the lease. Stop in any truck stop, tell them your opinion but be ready for the coffee spit and hearty laugh. It's a suckers deal and I've already explained that elsewhere. The number4s never work/lie and you are more likely to be struck by lightning than to find a successful L/O.
My friend, EGOC probably can't afford a promo at the moment and there isn't much of a "story" since the ME deal died, ML failed twice ("thank god" say shareholders) and Mexico was bogus. They have promised for too long and delivered nothing.
Read the posts from a year ago and see how many "investors" threw in the towel. The most prolific posters bugged out long ago and left others to hold the bag.
If you had read SS's excellent posts, that still leaves zillions of free shares for the EGOC crooks to unload on gullible "investors."
I think Bewenched hinted that I was "misleading" readers in another post (too busy to dig for it now) by mentioning EPA/CARB and the FTC. Keep me honest, gang
Here's the scoop:
- EPA/CARB verification/approval is necessary for retrofitting trucks to be emissions compliant. It's that simple and EGOC hasn't taken the first tentative step because is is more profitable to promise much and just sell stock.
- FTC approval isn't necessary for installation of the devices on truck, unless... you make wild claims of mileage improvements and want to support them. Get too wild and the FTC will come after you as they did with Dennis Lee/Dutchman. I suspect that is one reason for EGOC's vague, subdued and unsupported claims.
- FTC is great for the fuel saving pitch if the savings is genuine. They have a voluntary program for testing, yet virtually none of the devices submitted have ever worked.
Google "FTC fuel saving devices" without "".
Bingo! You have the right idea and as soon as you turn a little profit (?) with EGOC, get rid of it. None of these longs think it is a true long term investment and they're just hoping for another promotion and some gullible buyers.
Sadly, this company is running out of story -- the ME deal is dead, the Mexico thing was fake from the git go, ML isn't a good deal and will never generate big revenue, on and on. I'm not optimistic about this one but then, I'm not a fan of penny stocks.
I was also an independent for about twice that long and know the costs/headaches. If any independent is running a truck(s) too old to be compliant already (MY 2007), he is staring at an in-frame overhaul(s) in short order and would be a fool to invest in technology that has been around for decades but doesn't work.
FACT: The guys running trucks that old aren't running their business properly, have little savings or credit and sure aren't going to buy anything that EGOC offers. You save and budget for a replacement truck as soon as you get your truck so you'll have no surprises. The dumbasses blow the money on a new Harley or F150, then get stuck in old OTR truck with empty pockets.
Look at the crowd that market Leasing targets, lease operators. Insane! That's the bottom rung of trucking and a standing joke among truckers. If you were in fact a trucker, you've heard the term "fleece purchase" for sure.
Knowing the market is a basic part of DD, BTW.
Do you have one on your personal vehicle? EGOC claims they save fuel on both diesel and gasoline powered vehicles yet they've failed to take the most basic step to prove that claim: a dyno test in a CARB/EPA certified lab that measures BSFC. Think of the potential sales if they were the only company that could prove a legitimate mileage increase.
There are any number of devices just like EGOC's available (eBay?) that claim to separate hydrogen from water. They are everywhere (6 or more tickers on Ihub, no?). None of them have been lab tested and proven to work. In reality, they're designed to separate fools from their money.
Very true but we're talking cost/benefit with EGOC products. OTR trucks are either compliant from the factory (MY 2007 onward) or have already been retrofitted.
From what I'm reading a retrofit can run from $6,500 to $15,000. If I have already retrofitted my OTR truck (MY 2006 or older), why would I sink that much into it, knowing that it's already compliant? Also, my old truck is wearing out and will need an in-frame overhaul around 1 million miles ($15 - $20K) plus a host of other very expensive repairs.
Worse yet, it should be worth peanuts in trade and I can buy a newer compliant truck here for $29K... Dealers don't give a hoot about the add-ons when it's time to trade and you rarely recoup a fraction of the cost of improvements.
Cheaper alternative is here --
http://www.usedtrucks.ryder.com/Vehicle/VehicleSearch.aspx?VehicleTypeId=2
California is enacting new emissions restrictions soon and truckers don't have much time if they want to work in California.
For more information on the California Air Resources Board, emissions restrictions and their smog testing get your information from the source:
www.arb.ca.gov/msprog/truckstop/truckstop.htm
The patent information released today protects EGOC's business interests and once we get in use testing results to present to the EPA and CARB the time and cost for approval gets dramatically reduced, it's not like you toss them some bucks and do a quick test with them.. it's a long expensive process for the EPA.
Emission controls aren't "soon to be the standard," they are the standard and apparently management at EGOC is unaware of that fact. The standards have been integrated into trucking for some years now and retrofit devices (such as those that EGOC claims to have, wink wink) are nothing new and revolutionary. Legitimate retrofit devices are tested and verified/approved by CARB/EPA. You can find the approved list on the CARB website.
http://www.arb.ca.gov/diesel/verdev/vt/cvt.htm
The market that EGOC is targeting has almost vanished as I believe the retrofitting deadline has come and gone. Any truck from model year 2007 (mfgd 2006) is already EPA/CARB compliant and retrofitting older truck for OTR operations doesn't make sense. It's far cheaper to just trade up to a slightly newer truck.
We can't buy (and mount) EGOC devices but there is still plenty of time to buy the stock.
Four hours into the trading day, 1 trade, 3500sh @ .024 or a whopping $84... The price must rise about 24% for that big spender just to break even after commissions. Shrewd! No volume, no interest, not future for this company.
Rumor or not, it makes no difference does it? EGOC could have sold the devices as "patent pending" long ago if they chose to but selling stock is far more profitable.
Inquisitive minds can check here for that PR -
http://www.prnewswire.com/
Note that the PR is written by the company and -- since it doesn't show up in a search -- the PR posted is most likely the blurb that EGOC writes and sends to PR newswire.
Note also that a patent doesn't necessarily mean that the device works as described or is marketable/profitable.
http://www.willitsell.com/patvsprf.asp
P.S. 3:13 today on TDA.
P.P.S. Buy, buy, buy! Go EGOC =^)
You are a wise man. The good part about EGOC is that it is so dirt cheap that no one is going to lose their a$$ if they do as you do. A couple of bucks invested in EGOC will teach anyone not to invest in penny stock scams and that is worth much more than reading a pile of "how-to" investment books.
Raymond Brown is the guy pushing this worthless stock but he has failed to deliver time and again. Everything he puts out seems to be via cryptic PRs, CCs or back channel communication with a select few bag holders. None of it is timely, published on the lousy website and his credibility is in the toilet.
This company has failed to take the most basic steps necessary to get the product on the market like approval, genuine lab testing and publicity in trucking pubs. They've been jerking around for several years and all they have to offer is promises of the Mexican deal (right... as if Mexico frets pollution), the failed ME deal (right... the 17,000 bus fleet that doesn't exist) and Market Lease (right... with a handful of cheap worn out trucks).
The promised audit is being delayed because there is really no good news for a company without revenue. Uplisting is another carrot on the stick and will have no positive impact.
The investors have failed to do the most basic DD (nearly impossible on penny stocks) and yet they take every word from Brown as gospel. Meanwhile, every dollar 'invested' a year ago is now worth 20 cents or less.
Personally, I'm on the edge of my chair to see what this company pulls next but not much will surprise me.
But, but Len Bogner said this thing would be $1.25 by now and some people believed that nonsense!! Did he mean .0125?
Sep 15 2012 in post #30695. The Middle East bus deal is dead in the water and will not generate the $140MM that inside pumpers were talking about months ago. Surprise!
Looks like 1997 and it was done by the kids from the short bus. That's not to be confused with a mysterious Middle Eastern bus that's associated with EGOC. =^)
Why would anyone make an offer like that unless they knew it would not be accepted. C'mon EGOC.
The "rider" would foot the bill and waste time/money getting to wherever the trucks was, could tell nothing about the device and its effectiveness unless they were an engineer/physicist and, unless they were a driver aware of efficient truck driving, could not tell whether or not the driver is gaming him.
Besides, a road test would be nest to meaningless unless all conditions were identical from run to run. The lab dyno test tells all and EGOC has no product to picture, much less test.
Ask and ye shall receive. EGOC's lackluster website. =^)
http://www.energy1corp.com/E1/Home.html
I'll bet Stu and Ray told you that because they're selling EGOC stock, no?
But it's nonsensical. A dyno sheet by a CARB/EPA certified testing facility (yes, $40K and worth every cent of it) would be prominently displayed on the website and show the BSFC. It would also be winging it's way to the FTC for the voluntary eval program. On the other hand, dyno testing by "Joe's dynos R us" could easily be tweaked for public consumption.
EGOC = pumpspeak for scam.
Sadly, EGOC has no trucks and no market but you're right about opinions only mine won't cost me a dime. =^)
You're welcome to you opinion and I'm welcome to mine buddy! I'm very comfortable with my opinions as you are yours but we'll have to agree to disagree.
Regardless of what you say a market exists. The fact of the matter is M/L has far more demand than it could possibly supply. The supply will come in the form of retrofitted trucks and there's plenty of market to go around.
This is dead wrong --
The products have been tested but EPA/CARB approval isn't necessary for sales to independent truckers. When Energy-1 can afford to pay for EPA testing it will do so. The technology exists as you'll soon witness:
If it was possible to name a single ME bus company that is anywhere near the size of the one mentioned in the fake PRs and silly posts, it would be on this board in BOLD letters.
The Mercedes buses are probably as good or better than any when it comes to emissions and I believe their is a O457 that runs on CNG. Any way you slice it, the exhaust from the new breed diesels pales in comparison to the old stuff and most likely, is better than a lawn mower or weede whacker. Those are already a target BTW.
The bottom line is that -- if this company was inclined to sell something besides stock -- they would have spent the money wisely and the first order of business would have been to get their gizmos on a dyno in a certified lab and get with the major trucking companies to cash in. They didn't do that and it is too late now.
This company will become profitable around the time of the next ice age, maybe... Trust me on this and don't buy much of the stock. You all can thank me later. =^)
This is a scam and there is no profitable market for EGOC's unapproved/mythical products/services.
You're just plain wrong that this is a SCAM! It's purely your opinion and people are free to believe either side.
You appear to have a pretty fair knowledge of the trucking industry and much of what you state is true about the industry. I've got a fair knowledge too. My son is a trucker and my brother-in-law is a trucker too.
You're correct in this following statement and there's plenty of market out there to make this a very profitable company:
Quote:
Until that day arrives, they'll lease an overpriced cheapie (like Master Lease pushes) temporarily and hopefully save enough for that “large car.” To make matters worse, most have little business savvy or financial discipline. The settlement checks sometimes seem huge (at first) but they set little aside for rainy days. Few understand the difference between gross, settlement and net income.
I can't deny that the scenerio below may occur but the retro-fitting model includes refurbishing prior to lease. Additionally, these retrofitted trucks will be getting increased fuel efficiency so ultimately operating costs will go down and it will result in a win-win situation.
By your statement below you obviously have no knowledge of M/L, Stu Hoebel, or the situation whatsoever. I on the ther hand do and there's no way that Stu is the big winner because M/L is held by another corporation that he has no control over. Granted he is near retirement but in great health and can outwork men that are much younger than he is. He'll retire when he's ready and he has certain goals he wants to achieve prior to that.
Quote:
The big gainer seems to be Hoebel at Master Lease. I believe he's near retirement age, ready to dump his little company on you and leave with full pockets. He has tried twice to no avail already. Will there be a third try?
The Middle East deal is dead??? Say it isn't so!!! That is about the only thing that the faithful have been clinging to in what is otherwise just the remnants of a piddly pump and dump. When was the transparent CEO going to tell the bagholders that the fake deal was dead? Quotes below with my emphasis.
Without a doubt that's the truest statement you've made so far. I'm sure you've done some research on fleets in the ME but so have I and you've overlooked the target. I found it but I'm not going to divulge it as I'm not going to divulge other facts. You're correct in that this fleet of transit bus's is used to move people locally.
Frankly it really doesn't matter because the profit margin on a per unit sale was too low to pursue at this time. In that part of the world there's always middle men that all want their palms greased and there a host of other challenges as well. I'm sure that will eventually change and the comapny may pursue it agian but for now the focused effort will be on the US market. The customer and the market is still there though.
That's enough on that subject!
That is just one of many things that irk me about this company and convince me that this is a scam. Why oh why do a select few people supposedly have inside information about the inner workings of this fraud while others are in the dark?
Some are certainly posting information that is either bogus and intended to bump up the pps or... they have an inside track to Mr. Brown. Why does Brown feed them information that is nowhere to be found on the crummy company website? Are the insiders accomplices in defrauding the rest of the shareholders? Is Brown setting up the inside crowd to screw them again or will they get the jump and be able to dump stock when deals fall through? So many questions???
I'm not a conspiracy theorist but I do wonder why almost all information pertaining to this company is disseminated via bagholder posts on message boards or PRs with disclaimers and nothing is on the company website. Is there a possibility that management is aware that CARB has sent cease and desist letters to companies peddling the bogus fuel saving devices? Is management aware that the FTC sued Dennis Lee/Dutchman Enterprises for peddling virtually identical fake hydrogen devices?
It seems that the FTC nailed Lee for $2.7MM and Brown is trying to avoid that by promising little and being vague while making little or no effort to actually sell anything in the American market. Seems like a pretty good defense against a lawsuit to me.
The FTC/Lee info is here --
http://www.ftc.gov/opa/2011/12/dutchman.shtm
Why not dollar (penny?) cost average? Suggestion, buy some 4s today, some 3s next week, some 2s the week after, some 1s the week after that and so on? No sense in spending more than we have to for the real deal, right?
Really, I think Brown and his goombahs can print it faster than we can buy it... Let's hope that the stock certificates are printed in soft absorbent paper.
http://www.liquidshirts.com/merchant.mvc?Screen=PROD&Store_Code=LS&Product_Code=ST-1&Category_Code=HumorTP
Go EGOC!
Incoming odor? Yes, but there will be no orders from anywhere, particularly the Middle East. Sunspotter has been posting that the ME deal is fake for some time now and I'd like him to repeat that fact again for everyone's edification.
Note to Sunspotter -- Will you post again regarding the ME deal but please, please, type slower so everyone can read it. Thank you. =^)
Back to the ME, here are some clues that the deal has always been bogus:
- The bus mentioned is a Mercedes O.457 and that is a transit bus used in cities to move people locally. It differs from a coach used to move people over longer distances.
- Mercedes has an unparalleled engineering staff and it would be hard to beat them at their own game with eBay technology.
- The largest city in the Middle east is probably Istanbul followed by Tehran. Istanbul has about 13MM residents and about 5,000+ publicly owned busses. They also have about 2000+ privately owned busses.
- The number of busses in the mystery fleet mentioned is 14,000. Some pumpers have stretched that to 17,000. That is straight out of the Hitler/Goebbels "big lie" playbook and I think those guys have been reincarnated as PR writers... Stu Hoebel's 3000 O/O truck fleet is another example of the big lie but I'm rambling, aren't I?
- For perspective, New York City and Greyhound each have only about 6000 busses and are the largest fleets in the US... Clearly, someone is talking out their a$$ and they pulled those impressive ME fleet numbers out of thin air. People who really believe EGOC's numbers probably leave cookies out for Santa...
- This fake ME deal has supposedly been cooking since last year. If the device existed, ask yourself how long it would take to ship one to the ME, install it and get test results. I'm guessing 2 weeks if shipped by boat, a week of dyno testing tops, two days to install if the mechanic is a paraplegic, another week of road testing and, voila! The results would take about a month and, if positive, the deal would be struck in another month.
Bottom line -- total BS. I think the people hoping and praying for the ME deal are in for a disappointment, but I suspect most longs already know the whole thing is crap. They're just hoping they can dump their shares before others realize the obvious.
-
Sell a muffler? This thing has been a scam from day one, is only intended to sell stock and the company is anything but "transparent." How long will patient gullible people wait for the fake Middle East deal to pan out, the audit to be completed or up-listing to occur? What's next? The dog ate my audit? C'mon people, Ray Charles could see that this thing is bogus.
I don't know when the last 'promotion' was for this thing but it seems we're witnessing the death throes of another miraculous fuel saving pump and dump. For a sneak peek into the future of EGOC, glance at HYHY on IHub. I don't know what it is about Canada, but that seems to be the birthplace of many fuel saving scams and the pattern is the same. Note the mention of "Lithuanian Fleet placement" in one of the PRs. Lithuania??? That is moron fodder and sounds amazingly like the mysterious Middle Eastern bus deal, no? Same stuff, different day. Let's get a grip on reality people.
There are about 6 other scam companies peddling the same bogus technologies that I'm aware of and I'm sure there will be plenty more in years to come. Every one of those ticker boards are chock full of pumpers saying that the company is the "real deal" but I noted that the most active EGOC pumpers from last year have left the building and been replaced by a new crop of longs.
Folks, what we're seeing here is the Greater Fool theory at work. Longs know the unfulfilled promises are BS but they are stuck in this thing like a fly in amber. They are hoping and praying that there will be another promo/temporary bump in price so they can recoup at least a little of their money. Fact: If this thing ever hit .001 (not likely) they'd drop it like a used condom and breathe a huge sigh of relief.
But there are so many things wrong with this company, I don't know where to start. No 'technology', no customers, no revenue but the worst thing to me is that they have no business plan other than to sell stock. If this company had products they would be licensing them to manufacturers and trucking companies instead of posting BS on forums and Facebook. Facebook? Please...
I realize that I'm not really telling anybody anything they don't already know but the bottom line is that 'investors' don't really understand the 'technology,' EGOC's target market and their business model. Has anyone even checked out trucking emission requirements and the potential market? That is DD, gang. If you had, you'd realize that the window of opportunity for a startup (?)like this has been closed for some time.
Too funny. I believe the CEO of EGOC has posted on this board and I think he's the only one making money from trading this thing. ;^)
Look at the trades and it seems to be almost all sell vol. I think the koolaid is wearing off???
I do have to wonder about the heavy hitters who are buying 5000 shares at a whack. Don't trust my math but it seems like EGOC would have to be an eleven bagger from this price just for them to break even after the round trip...
You, sir, are right on the money. Stop reading if you're a long.
When I read the Wal*Mart hype I visited the electronic department at my local superstore. I stumbled upon a very knowledgeable dept head explained the hype and he laughed.
He opined that the WM deal just canabalizes Radio Shack and others, that many customers buy cheapie prepaid phones (Trac & such), that few buy into the extended protection plans anymore and this isn't a big money deal.
He also volunteered that he worked at Best Buy in the past and that WM's total phone sales per month are only about a hundred, mainly cheapies. He supported that by pulling the numbers up from his register and it seems that, at any moment, WM can tell you how many of any specific product they sold over any time period. Further, Best Buy outsells WM by an enormous amount and sells more of the upscale products.
Next time you're in a WM, stop by and ask them about Spare...