Energy One Corp (EGOC)

[martymech]

I should be able to pick up shares Monday or tuesday. Hope the pps is still in the .02's.

I asked the question earlier about weather or not EGOC could be engaged in either currently or in the near future a share buyback and if they were required to tell the general public in advance of such a buy back program. I mentioned that yes they would need to update any share changes at the next filing date as we all know but would they be legally required to file, post or announce the specifics of any such buyback program. The answer surprised me.

There was really nothing I could find stating that it is a legal requirement for a company to announce ahead of time a share buyback program of it's own stock. I constantly came across the wording "the company should publicly announce ahead of time" or "the board should decide ahead of time" or "the company should follow these guidelines" all of which pertained to Public relations and looking good in the public eye and probably just as important reducing the risk of being perceived as doing insider trading. The only time I came across legal requirements was when it came to filing the changes of shares that happened as a result of buying or selling of shares and that should be done at the next scheduled filing date. We have seen where EGOC has already been offering "original EGOC shares" in China and saying they would buy those shares back if they failed to uplist to the Nasdaq by a certain time period.

Anyway the link below is one very good example of corporate share buyback and legal requirements from Harvord Law *dated 2013 of what is required in order for EGOC to buyback shares. If I were Pangbo/EGOC (as they referred to EGOC) I would be doing a vigorous buyback of shares at these low prices but I would also make some kind of announcement in order to instill investor confidence.

https://corpgov.law.harvard.edu/2013/03/14/questions-surrounding-share-repurchases/