El Capitan Precious Metals Inc (ECPN)

[georgeiporgi]

Git, Yes I do think it will be issued. Dilution is the only possible source of funding for ecpn. Significant revenue from el cap PM sales will not come in 60 days or 60 years or ever. So they got to stay current in their filings and increase the authorized shares or close up shop. There are too many livelyhoods at stake for ecpn to go calmly in the night.

The scenario I see where this would not happen is if there are honest board members who get suspicious and scared they will be implicated in the scam and put the brakes on. I don't see this happening quite yet. None on the board are technical so probably none understand the gross technical flaws underlying the el cap scam. However based on logic they must be very suspicious. However, stumbleton will be putting tremendous pressure for continuing dilution and putting the necessary things in place for this to continue.

I think that the following is somewhat likely.
1. ecpn gets current in it's fillings, rampant dilution continues.
2. they have the shareholder meeting and increase the authorized to 750,000,000 or 900,000,000.
3. the shareholder meeting will come and go with no significant revenue but with promises it is coming soon.

I think that when April-May come and go still with no significant revenue the whole charade could destabilize. Will any of the cuprits be punished. Probably not.