Empire Energy Corporation Intl. (fka EEGC)

[pitts77h]

I had an interesting conversation with "stwatch" over on the "DD Support Board and Fraud Research Team" board yesterday, regarding EEGC's abortive $998 million dollar funding deal with Wedgewood Investment Group.

http://investorshub.advfn.com/DD-Support-Board-and-Fraud-Research-Team-19670/

"stwatch" claims to be Michael Westhaver, the Managing Director of Wedgewood. Who knows if the poster is or isn't Mr. Westhaver - he somehow managed to misspell the name of every single party involved in the announcement, including his own - but he did acknowledge that MadMal stiffed him and claims they were never paid. Here's a summary of what he said regarding EEGC & MadMal:

...the agreements were never consummated nor did any funds change hands. Our firm does not take on projects unless they can provide the the required DD materials which were not provided. ... Marston Webb had an agreement with Empire but again was never paid thus terminated any and all business relationships with the owner as did Wedgewood. Tomorrow, tomorrow never came and there were no shares, funds or any remuneration of any kind ever received... both Wedgewood and Marston Webb issued press releases which clearly stated that both firms had terminated their relationships with Empire.

The whole exchange is amusing to anyone interested in collecting the various side stories connected to EEGC & MadMal.

The exchange begins here, with "stwatch" responding to a post I'd made MONTHS earlier:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=105824343

Here's a link to Wedgewood's PR disowning EEGC, released on August 15th - 3 months after the PR announcing the fundraising effort:

http://www.abnnewswire.net/press/en/75733/Wedgewood_Investment_Group_Withdraws_Services_to_Empire_Energy_Relating_to_the_US900M_Asset_Backed_Bond.html