Energy One Corp (EGOC)

[agua77]

I’m also not telling anyone to sell their shares of EGOC….they are already bag holders and on average their shares are probably worth around 5% of their initial cost values. What I’m suggesting to the numerous people I speak to on this board is not to buy considering the fact that this ticker is most likely going defunct. BIG Difference. I actually hope existing shareholders are able to recoup those investments and the company acts as a responsible company and follows SEC regulatory guidelines. No one should buy a stock when EGOC isn’t compliant
considering the SEC imposes these regulatory guidelines for the investment safety of the shareholder. It’s to create transparency when it comes to financial numbers. This is a publicly traded company and no publicly traded company is exempt from these regulatory guidelines. This company failed to even file an extension upon due date. Not that it would have mattered….we are well beyond 15 days….but that’s even more concerning.

I would say that the selling dried up because many would rather take their chances and go down with the ship than recoup 5% of their initial costs and some are riding free shares.