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Re: todd1975 post# 37120

Thursday, 07/12/2018 8:53:09 PM

Thursday, July 12, 2018 8:53:09 PM

Post# of 67163
What evidence is there that EGOH is issuing more shares? According to the NV Secretary of State Business Search website:
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=ASSSCzNzM0IV3WlExdFufw%253d%253d&nt7=0

EGOH hasn't raised its A/S recently. Arguably, its nearly maxed out O/S hasn't changed since the last time financials were issued.

EGOH probably isn't directly issuing new shares, but rather, there are existing convertible note holders who have the right to convert their notes to shares. As bad as that is for current stock holders, it probably isn't illegal.

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The above notwithstanding, it certainly is suspicious that EGOH claims that it keeps acquiring percentage ownerships in various ventures. Without financials, how it is affording this is unknown, but it is reasonable to figure some sort of 'stock deal' is involved. We don't know how many shares EGOH itself holds (at least, I don't recall reading it in previous financials).

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In other news, EGOH is in default with the NV SOS. Its business license is listed as having expired 4/30/2018. That isn't particularly good news, but I suspect that EGOH isn't the first stinky pink to blunder on without being current with its corporate state SOS. I don't recall seeing that figure in the financials when they were issued).

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[Update to fix typos and major copy/paste error.]


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