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Re: Scumbag Fraudsters post# 77523

Thursday, 04/21/2022 9:13:20 PM

Thursday, April 21, 2022 9:13:20 PM

Post# of 79945
If this is the case, and EEGI aka Steve is changing hands of whose in charge to avoid SEC issues...that's actually good news. It's a scam, but its good news. I worked with a few companies who did this (of course I found out after by long term staff). The classic scam...the owner runs up all sorts of expenses with vendors, files for bankruptcy, changes the company ownership to another family member, doesn't pay the vendors. I think the father of the company did this twice and "got away with it", and some how kept a few vendors as suppliers. Why those suppliers stayed, no idea and not my business to care, plus I wasn't with the company yet. When I did work there and the son took over the company...because his son loved the industry, people, and not believing in scams, the company went from being a small store in our city, to being a well known mail order store across the country, which led to hiring more staff to accommodate the overload of orders that were consistently sold out or back ordered...and this was still during mail-in order/catalogs days. Profits beyond profits. Years later he sold the company to a known global company since they saw how a little store locked down an entire market with the right mindset and business plan.

With EEGI, all we can do is watch the soap opera. Like I've said...if it works and it runs, great. If it doesn't, oh well. No one should put in what they can't lose.

Porsche 935! The Only Model of Porsche I've Ever Liked. :-)