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I need almost $4 to break even...that's a crappy outlook. I can't see any possible manner that a RS benefits we long term holders as the dilution dwindles us way down.
If I had 3mil shares at an average of $.0095/share that is an investment of $28,500.
3 mil shares diluted 250:1 is 12,000 shares.
After the RS at the current price of .007 becomes $0.175
A new investor can spend $2,100 @ $0.175 to get the same amount shares I have (12k).
New investor $2,100 for 12k shares
Me $28,500 for 12k
RS always crap on early investors...if I'm missing something please explain.
I don't see how that makes a difference monetarily. I had enough shares that $1 would be life changing, now I need almost $4 to break even and $250/share to be life changing. The RS screws early investors and no board will change that.
I don't know the significance or difference of each option.
That's my concern. The odds of a RS being favorable are almost non existent. Time to be the eternal optimist.
I hope not but research indicates it is a bad thing the overwhelming majority of the time.
I can't see any positives with this PR. Thoughts?
Why do you want someone else to prove something? Are you making decisions based the sentiment ebbs and flow? Wait 33 days and we shall know a lot more or panic.
That is a possibility. There other possibilities. Sell now or wait and see right? I will wait and see. If the worse happens it will be a capital loss and help my taxes next year.
What you post is pure emotion and that is okay. However, do not expect others to be respond because facts are what should be used for decisions. Opinions, conjectures, and perspectives are also shared and those are merely guides to your emotion. Allow facts to guide your buying/selling and we are currently still waiting for the end of year fillings.
Panic sell because you believe what some are saying OR hold because you believe it might go higher. Don't allow others to dictate your moves because nobody knows for certain.
"He who expects nothing is truly blessed for he shall not be disappointed."
Yeah, you missed the point of my post but that's okay. My comment was in response to someone alluding to the drop in price and that EGOC would not have pulled the name change application just to avoid that.
Also, FINRA won't publicly release the reason for a denial but will inform the company.
If the move to withdraw was necessary to move forward sooner, how would they prevent a decrease? Folks would jump ship regardless so perhaps it was "baked" into the new plan.
Considered moving fund$ into trading account for a big purchase while price issue penny butseems unlikely entire order would be filled.
Both good and bad.
Good - confidence amongst the longs.
Bad- unable to increase shares
Not speaking for him but I thought the same thing. Why? The patience it takes to wait 11 years is next level.
Ridiculous fortitude you have imo, not ridiculous that you waited.
Great find. Facts. Egoc could take longer or approx the same amount of time. At least now we have a recent baseline for comparison.
Good morning board, I believe that good things are heading our way in some manner or another. One might say I woke up on the right side of the bed, but I've always felt waking up ON the bed was the good start to the morning we want.
Anyway, I hope everyone's EGOC basket is full and we can all count those chickens very soon.
The glass is half full today and I am thankful to drink the water within it and to have a container to continue to fill afterwards.
Have a great day.
It seems to me that is his cautionary gripe.
What I find it a bit curious is naming ot after one person and not the largest Co. or some acronym relating to the group. Perhaps there is a multi-step plan involving the name and we don't know. Perhaps it is their intention to avoid the big companies name involvement directly, ala Alphabet/Google.
Good post SC, I enjoy reading posts with objectivity and individual perspective. Very interesting and possibly exciting scenario.
Would you please explain how a buy back (if thry do it) would work and make us happy?
- Would the buy back be at a specific price for a minimum number of shares? (Meaning do we get choose how many to sell them)
- Would it be at a specific price for all our shares?(Meaning we must sell all our shares)
- What would the price range likely be amd how is it determined?
Thanks.
I don't know how to edit so my apologies. I hope we can all hit 5/6 figures this next round.
4 figures...amazing.
Congratulations again and hopefully the rest of us will be able to share a similar experience in the future.
Congratulations, it appears you have good patience and some experience.
You had shares before the RM as I got in during the DL custodianship process.
I don't let anyone dictate my buying or selling. However, people do frustrate me in their attempts to build confidence or instill doubt.
I too have a few million shares but my cost basis is much higher. I believe it is just under a penny (~$.086). I haven't sold any due to the belief this thing might reach $.40, $.65, $1, $3.
Time will tell.
Goo luck!
I understand people's frustration because I too am frustrated.
I entered EGOC almost 14 months ago and admittedly, naively, thought we would be around a $1 by now on our way to an uplist. Nobody ever gave me a time frame and I am inexperienced so it is all new to me.
I come on these boards for updates and to learn. I dislike any form of emotion that is lead to give false sense of fear or confidence.
Lack of verifiable news is what is the worst for me.
Good luck to us all.
Mr Whales in not some altruistic genuinely concerned humanitarian that is attempting to save us all from a "scam".
His incessant posting of negative comments leads me to conclude different motives. One could be something I don't know but the other is to create fear.
That is my issue. I don't like sunshine pumpers and I don't like doom and gloomers. Bring something valid and relevant to the board or don't post without evidence.
If you had any clue why I posted my comment you would be embarrassed at your.
I have no issue with people having doubts or asking questions.
I posted a response to Mr Whales and it was removed. I simply asked a few questions as to his motives and reason for remaining on this board.
My post was removed. Why?
This board is a joke and I hope that ihub learns how to properly moderate it.
Ihub will soon realize why people are moving off here and onto other forums.
Man do I wish I knew what you all are talking about, especially this last post.
Why did you know it was coming?
How is it significant...folks buying rhe stop losses?
Makes sense, thanks.
If that is indeed the scenario what would likely happen next?
1. Release OS to be bought by investors
2. Sell their shares on the market
3. Issue more shares
4. Implement a reverse split*
*I learned that is typically to raise capital and is a bad sign so hopefully that doesn't happen. We would need to know their financials to get a better understanding.
I haven't used a stop loss for two reasons.
1. Afraid MM will drop down and get those shares.
2. No reason to have one yet without ticker change and then financials.
Yes, that is assuming everything goes well moving forward but we all knew this was an OTC and not a blue chip...higher risk and higher reward...let's get to Nasdaq!
Well, we are still waiting on FINRA. In the meantime I read an article and found it quite interesting. We have a very small window/look into EGOC but should the PRs be accurate, as far as their involved industries and plans, then the following would be a positive.
https://finance.yahoo.com/news/us-china-tech-war-top-093000733.html
I don't know what's happening nor what y'all are discussing but the general sentiment seems positive.....SO
LFG EGOC/ECEN(NASDAQ) : )
This is the only comment you have made that is interesting in my opinion.
Typically you are doom and gloom with no support evidence or reasoning.
It is a negative take but at least it has some validity. I am not jumping ship but it certainly raises questions, not concerns yet, but questions.
You convinced me....I'll sell you 25% of my shares for $.50
Keeping the rest in case you are incorrect.
Deal??
I have gut feeling the ticker change is coming today or tomorrow. Or, it this new Matcha green tea I started drinking.
I need to look good and be healthy for the run up to Nasdaq.
Thank you.
Where are we looking on that website?
Name changes or additions?
I'm always on mobile and that page isn't mobile friendly. I'm unable to see all columns. A little help please.
Thanks
Ideally tomorrow. Today or this week would be great as well. Tomorrow to coincide with the Chinese new year and hopefully be a sign of good fortune.
That's my fortune cookie take.
Folksmy consider me an easy target due to my being a novice and not having the acumen or experience. However, I am holding for $3 and can sit on it a long time because I have substantial crypto holdings. Egoc is my only OTC,my only stock I am handling period, and that is why I have been apprehensive. I like to win and do well in my decisions.
Should this go sideways (I don't think it will) and I sell atend of year or next year, it will help offset my crypto gains...both short and long term so fear tactics will not work on me.
1. I am new to handling stocks on my own. I do not do this regularly so this is my first rodeo.
2. I would imagine companies do not typically halt activities without a significant and substantial reason.
3. "In addition, the board of directors of EGOC proposed to add a new director, Mr. Zhang Guoqiang, to the existing Board. The proposed appointment will take effect upon the completion of the FINRA application in relation to the company name and symbol change, and is subject to the approval of the Board."
This paragraph opens a lot of possibilities in my mind.
Your questions are muddled?
I have followed the entire process. DL custodianship to now. What does the company changing their name to Yicheng have to do with where we are now? To my understanding we are awaiting the ticker change. We don't know the length of that process nor the issues that might have arisen.
Again, what is your question/problem?