By the wording in the Feb. 3rd PR I’m under the impression that an R/S is not part of the plan.
“Our goal is to keep the number of outstanding shares as low as possible while closing our transaction, and then to use all of our resources to pay off outstanding debt and reduce the OS as much as possible.”
“As for the authorized shares, we plan to finish what prior management started and get the company domiciled in Wyoming first and then file an update to lower it.”
From those statements I’m more inclined to think that a share buyback is more likely than an R/S. Or at worse, a combination of the two.
As far as the finale makeup of the company, wording in the Feb 3rd PR: “Acquisitions”, “lighting and irrigation systems”, “substantial in value” “creating a new project from more than one existing companies”, speaks for itself.
IMO at minimum we get an LED grow light provider teaming up with an irrigation system provider to cross market their products and offer growers a complete package to satisfy the two main aspects of their operation. A good complimentary addition to this would be the addition of an MJ grow consulting business. The maximum outcome would be to also bring in companies that address all the needs of growers. IMO this is the direction that EEGI is heading.
Consolidation of companies and services in the MJ industry is becoming an unavoidable aspect of survival. Companies that recognize this now will be those that are around later. EEGI is an early entry to adopt this mentality. Also, this is not just about growing MJ. The indoor vegetable, herb, and flower grow industry is just as viable as the MJ grow industry.
Compare the indoor grow industry to others. With personal computers you have about nine (9) main manufacturers to choose from, and then you have the “others”. With cell phones you also have about nine (nine) main manufacturers to choose from, and then you have the “others”.
Excluding major light manufacturers such as Cree and Phillips there are approximately thirty-two (32) LED grow light manufacturers. Currently that number is divided about equally between those that currently have the upper hand on the others and those that are sitting or leaning toward the “others” category. I’m convinced that EEGI is taking the necessary steps to make sure they do not fall into the “others” category.
I know that if I was growing a crop of MJ, vegetables, herbs, or flowers, and my livelihood and that of others depended on the products and services I employ to grow my crop I’m not going with the “others”.
Just opinion
GLTA
AI
