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There are critical thinkers here because these custodianships and R/S scenarios are gambles. Unfortunately as time passes it’s easier to see the legitimacy or lack of legitimacy. This ticker unfortunately has many red flags and if one has paid attention to trading history one can see that this ticker has many bag holders and those who are fortunately riding free shares. The skepticism isn’t to deflate the price to buy cheapies. My goodness….the share price was supposedly a steal at $2.00, $1.00, $.75, $.50…..,
Where are the buyers? Where are the bids? The only thing keeping this propped up is emotional bate found on the Chinese Web which is mostly…. unverifiable and an official filing using the word “intention”.
This is a decent article highlighting difference of a reverse merger vs a SPAC
https://www.linkedin.com/pulse/alternative-financing-reverse-merger-vs-spac-rupeshkumar-bomali-#:~:text=Reverse%20mergers%20have%20been%20used,of%20acquiring%20a%20private%20company.
Does Marty golf? Lol
Casper no worries….just know the board appreciated your due diligence regardless of…. It’s obvious that most here share your skepticism based on the lack of buying. As of today, If there was solid due diligence linking viable assets to the EGOC ticker, shares would be getting bought at these price levels. Remember when $1.50 and then $1.00 were steals after the R/S? What happened? EGOC shares would be flying off the shelf at .50 if their was solid evidence of these “merging assets”. The company stated they have intentions, but whether anything comes to fruition is the gamble. I’m still considering this a scam. I also find it hard to believe that a billion dollar corporation is being formed and their road to NASDAQ is through the OTC vs an IPO or SPAC arrangement.
Any due diligence coming from the Chinese Web in regards to EGOC is unofficial and not a viable means of a company update. This is a US ticker and the latest EGOC financials have indicated that assets are minimal and the company only has “intentions” of merging in additional assets.
I haven’t even seen a LOI of merit filed from EGOC regarding a specific merging candidate.
The mere thing you describe was probably happening when this was pumped toward .04 and has been down trending ever since due to selling. Millions were already made. I think most are waiting for another pump when the restricted are converted to common. Smile.
Yes every point along a down trending EGOC share price is the perfect buying opportunity when someone is interested in selling…..right until we see .0001.
I think we sit idle through the summer in EGOCville. We could drop to .01 and we’d still be hearing about how any healthy skepticism is an attempt to get shares at a lower price. There is no interest and that’s evident by the lack of bid support and lack of interest with buying. I mean come on….if this ticker had some promising DD don’t you think any shares below a $1.00 would be gobbled up.
Those costs could have easily been recouped and rationalized with a sizable profit made during the initial pump toward .04. Although we haven’t seen dilution, the shares could have been common shares which were front loaded or owned prior to the custodianship.
Also, shareholder concerns may have disrupted fraudulent agendas. This is a theory, but worth consideration.
You definitely have to consider who your sellers are. Salespersons use strategy to create interest in a product to create buying enthusiasms. In my opinion, EGOC is silent because there is nothing to sell….and this could very likely be a scam which was designed to sell shares. Why not a SPAC or IPO scenario if the intention was a billion dollar business fused into this ticker? Whoever is behind EGOC, they may have to stay slightly Incognito in order to keep that F.O.M.O. narrative going and to avoid legal repercussions. This is an opinion of course, but plausible.
I’m sure this can easily see .12.
As far as I’m concerned the company showed their hand in the recent financials showing assets valued around $2000 and a PR stating that they have an “intention” of merging additional assets. As of today…..I see nothing officially filed to indicate this has happened. The OTC is full of tickers with press releases regarding “forward looking statements”.
When there is no where else to go and the show is over….why not make an attempt at humor to create a deflection. All my opinion.
You know it…..EGOC is a synthetic market in my opinion created to sell off a few shares here and there.
Due diligence is due diligence….
I sincerely agree….keep up the good work. The due diligence someone else provides is essential in further review and exploration.
Yes I thank him too….it’s nice to see a rational trader amongst our group of posters.
You are exactly on the mark in my opinion. These trades are basically illusion creating a market. I would double that bet that there are no new investors here since the last financials show no significant assets….and the due diligence regarding merging assets is coming from “Chinese web” sources which are unofficial. Extradition laws between China and the U.S. are non existent so this is a potential candidate for ticker fraud without repercussions.
Keep up the due diligence…..you’re one of the few that has brought an investigative sensibility to the research on this ticker.
“As they say 2023 is the year of EGOC moving forward in a big way.”
Let’s be specific who is “they”? Was that a typo and meant to say “I”?
As far as EGOC rolling in companies and entities the key understanding is the fact that they intend. Whether or not this comes to fruition or this is just another otc scam is still yet to be revealed.
Eventually this will go to no bid if there isn’t any legitimate assets brought in and this turns out to be nothing more than a pump from front loaders. I personally don’t see the enthusiasm with a continual decline in share price. Remember a month ago when EGOC shares were a steal at $1.00? There are numerous red flags and I’d be especially concerned considering the lack of an extradition treaty between China and the US.
And EGOC continues to slide in share price.
The time to sell was .03.
No one is dragging the price down except the company itself with their lack of updates and the fact that there hasn’t been any substantial assets acknowledged by the company. You can thank the company for any bids filled.
To me the EGOC ride has felt like it was on the back of a duck…..quack quack
EGOC is a ticker on the US market…..the Chinese version means nothing. It’s unofficial as far as I’m concerned.
Gaps are no myths…..seen it time and time again. The mere fact of knowing they exist tends to place bids in the pocket so pressure on the ask decreases. That alone changes trajectory. I hope it doesn’t fill, but I’m just stating it exists.
Yes that is the issue. What’s wrong you can’t handle an opinion outside of your own? Are you the board English Spelling professor?
How about you focus on the company and it’s management as opposed to my opinions. You seem to have difficulty expressing a difference of opinion without including a personal attack or some conspiracy theory. Apparently I hit a nerve, but then again you should already be aware of the issues with how this ticker is behaving regarding share price vs revenue news because you’ve been here long enough. You do you and I’ll do me.
EGOC’s volume and interest from investors speaks mountains regarding the research.
Lol yes I’m aware….sometimes auto type is incorrect.
Your way off the mark moneyman…..I have a substantial investment in this company and I’ve paid for the right to express that this ticker has been on a 2 year decline and the bottom could get lower. Seriously….what would attract you as a new investor? You may think you have your finger on knowing why someone would express reservations and disappointments regarding this stock, but you’re wrong, so it doesn’t surprise me you’d see IQST’s share price as a positive.
The 2 year chart looks terrible….why would new investors even consider this bag of dildos. I think stocks with a loyal shareholder base on the OTC are an excuse for abuse and mismanagement. I’ve seen terds for tickers perform better.
I’m a bit confused by your post….are you basically stating that you’re the type of investor that needs to be able to state that he/she is right?
As far as EGOC goes and sifting through opinions and speculations……I personally would like to comment on the volume or should I say lack of volume. That in itself is a good indicator that the investment community is cautious and waiting on credibly updates from the company itself.
Yes the very near future has been going on for over a year, but I guess everyone has an opinion and can speculate. Personally, I could see this sitting idle straight through the summer.
And some of them simply sit and do nothing…..
I disagree….I could see this being quiet through the summer and levels reaching .25 and if anything news worthy and substantial dropped at some point in time…..price levels could exceed $1.00. No Interest at this point due to more information needed regarding merging assets and how they are being paid for.
Plenty of shares to accumulate….buy buy buy. Maybe this will drop to .25 and you can buy some more. Maybe .12 to pre-split levels.
A “Super 8-K” is an industry term used for an 8-K filed under Item 2.01 for the completion of a transaction and Item 5.06 of Form 8-K to report a change in shell status. Where a company completes a transaction such as a reverse merger, business acquisition or asset acquisition which has the effect of causing it to cease being a shell company, it must file an 8-K under Items 2.01 and 5.06 within four (4) business days of the triggering event. This 8-K requires, that the company file the information that would be required if the company were filing a Form 10 registration statement under the Exchange Act including audited financial statements. In other words, a Super 8-K is an 8-K with a Form 10 registration statement included therein.
Generally an 8-K does not allow for incorporation by reference, however, the instructions for a Super 8-K specifically allow for incorporation by reference to other filings that contain disclosure or information that must be included in the Super 8-K.
You keep spamming those stocks and AGS$ is trading like crap. A good example of knowing when to sell maybe…… As far as a waiting period?? There is a stagnation because existing shareholders won’t sell at these levels in anticipation of what might come nor is there enough information regarding additional assets to provoke investors to slap the ask. If this goes on long enough, without a company update, the lower gaps will be filled in my opinion. Let’s see if the large bid shows up tomorrow.
A big question for me is the 26 billion authorized shares so your thinking is rational in my opinion.