Thursday, May 14, 2015 8:21:06 PM
Just like every other pink, they needed to issue more shares to settle debt. But going from under 1 billion to 6 is stupid crazy in that short amount of time.
I feel that several of the people that were paid off in shares cashed them out and still are. I completely understand EGOH's position to issue more shares to cover debt. There were shares issued out that have an exception that they cannot be affected by a reverse split also. Thats something that needs to be known. Someone understands that receiving shares from EGOH at this stage is questionable so the exception that these common shares cannot be affected by a reverse split is a big deal to me.
In a way, this needed to be done, unfortunately it was at the wrong time for us traders given the amount of good pr's we have gotten. I believe very strongly this will reverse split soon. I do hope I am wrong for the traders who are still holding. I've been through a couple and they all sucked in the end.
But, the share structure now is a joke and will be looked at as a joke by everyone involved with EGOH. They will need to do at least a 10:1 split to get it back under control. Time will tell.
All this is only my opinion of course. Ive been wrong before that's for sure.
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