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Yawn is right…..to be expected. What’s the conversion dates on the restricted shares issued?
Well I’m glad someone else mentioned it….
And now that board is quiet…..I bet there was one individual or group running multiple aliases.
I think they call that delusional thinking when one emotionally rationalizes logic away. Here are some facts…..Egoc has no assets worth mentioning, was unsuccessful with a ticker change and retracted the application because they wanted to move things along timely. It’s been a year…..what does logic dictate?
You must have abandoned the other site too since your own skepticism might be setting in?
Perhaps that statement is rooted in wishful thinking? I think you are hoping the skepticism expressed here is rooted in some grander scheme to steal cheap shares because this is the next Google? You’d see the bid support and buying at these levels if that was the case. Let me spell out my interpretation. Some are riding free shares and some are bag holders and both would like EGOC to amount to something but it appears the odds are stacked against it. Believe it or not…..some are willing to point out a scam, not because they have ill intentions toward other investors…..rather it’s pleasurable to stop a crook in their path. Sure there is money to be made on a pump and dump but at other bagholder’s expense. Sticking around makes sure the only way this thing moves is with legitimate filings from the company. EGOC will be challenged at every corner so let’s up something “real” comes to fruition.
My guess….either fired or “they” sold the EGOC shares that were needed to be sold. I wouldn’t expect much in regard to news or updates relating to merging assets. There are numerous red flags regarding this ticker and I’m sure “those” behind the ticker noise are spooked so they may go dormant. The SEC may already have eyes on this. The next financials, if they are filed, will be the indicator. No assets…..this is going to no bid. All in my opinion.
Are you sure about that or should this read “in my opinion”? I’m sure you’d like to buy and spark some buying along side….that would be a nice quick flip. I think any existing eyes are savvy to quick pumps here. The company would need to show asserts to get EGOC to go anywhere North.
The concern should have triggered a long time ago. There is the .25 I previously mentioned. The equivalent of .0005 pre split levels will be potentially here (.125) in my opinion unless the company speaks. Whoever is behind this ticker may not want to speak since I’m guess the SEC has eyes on this.
She was another red flag quickly swept under the carpet. Sure it was her daughter, but…..
It could be front loaders, maybe the same chanting “buy” and “soon”….it could be restrictive shares that are now vested…..and/or it could be authorized shares converted to common and sold by “the company”….but we would need to compare a share update from otc markets. Remember the PR’s regarding the split also applying to the authorized share count? This was updated 6/30/2023 and states 26 billion.
Authorized Shares
26,000,000,000
06/30/2023
Outstanding Shares
52,411,486
06/30/2023
Restricted
47,923,789
06/30/2023
Unrestricted
4,487,697
06/30/2023
Some investors are emotionally caught up in tickers and can’t see their own nose even though it sits on their face. That’s the problem with Chinese mergers, you’ll never find true transparency and there is a history of ticker fraud with many of these mergers. The tickers eventually get shut down by the SEC with a follow up of criminal charges. Check out DOLV which merged and changed ticker symbols to JBZY. All in my opinion.
Take a look at EGOC L2 and you’ll see there are plenty of shares to buy below .50. Go get them!
Is this a sabbatical like your other sabbaticals. They seem to be grossly exaggerated just like the timelines here at EGOC. Soon. Remember when I mentioned I wouldn’t expect to see anything happening here this summer? Remember when I stated we would probably see .25? Well we are into July and I still don’t think anything happens this summer and .25 is right around the corner. I expect this shell to be sold off again into another scam attempt. All my opinions, but so far I have a pretty good batting average and that’s what experience on the OTC can teach the hard way.
You can make all the jokes you want…what do you call it, “swatting the hornets nest”? Some may appreciate the jokes, some may not, but it doesn’t change what the ticker tape shows. That’s the story. I think your evaluation and encouragement to buy speaks for itself….in my opinion. EGOC is leaning toward looking like nothing but a scam. My guess, shareholders got too savvy too quick to buy into the pump, so whoever is behind this ticker is very cautious, knowing all eyes are watching. Just a theory but plausible.
So you can dismiss his/her due diligence regarding EGOC. In my opinion, your approach to asking why he/she is here is an attempt to speak on behalf of everyone….when many find the information useful. I personally find the information valuable, and rejecting investigating the information Casper provides may be a need to cling to an investment illusion.
Casper keep up the due diligence regarding this EGOC shell….you’re one of the few that has the know how to properly investigate a company and you are an asset to many investors and newbies.
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