Energy One Corp (EGOC)

[agua77]

And the gate keepers, shell vendors, peddlers, stock promoters have spoken. lol

I really doubt anyone is buying into your continual enthusiasms….this isn’t an issue of not being an optimist, this is a reflection of not being an absolutely ignorant and delusional trader.

Sure…there is always the chance of a magic trick, but reasoning and logic dictate what’s really going on here.

If you don’t want to hear it from me, I feel this blog by Hamilton & Associates Law Group is very, very insightful with explaining these reverse merger scams, the expert market, and the oversight of the SEC. This is especially insightful for those who have been a bit naive in understanding where the pump and dump scheme could have occurred. This is also insightful for those posters who continually carry on with the next narrative about how this will be an attractive ticker for the next custodian. As I mentioned numerous times….there are many, many, many shells available that sit dormant.

“There’s no shortage of shells.  Large numbers of them exist, waiting to be snapped up on the cheap by shell vendors and resold to anyone interested.  While some of the buyers may be unscrupulous penny fraudsters who want to set up a pump and dump operation, honest small businessmen with no practical knowledge of securities law may become victims.  They correctly believe that going public is a good way to grow their companies but fail to realize while buying a shell and using a reverse merger to go public may seem easy and quick, in reality the process is not necessarily straightforward.  The vendor in the reverse merger may conceal skeletons in the closet.  Those may include old toxic debt, former insiders who still hold large positions, old legal judgments, and regulatory problems in individual states, or in foreign countries.  Yes, foreign countries:  a fair number of U.S. penny stocks have Canadian Cease Trade orders.  Some of the CTOs were issued back in the 1990s, but they won’t be lifted until the problem, whatever it is, has been fixed.”

Remember the problems this ticker had with FINRA?

“FINRA’s Role In Reverse Mergers
These problems with reverse mergers can in some cases result in a refusal by the Financial Industry Regulatory Authority (FINRA) to process corporate actions for a company.  Corporate actions include name and ticker changes, splits and dividends, and more.”

https://www.securitieslawyer101.com/2019/dormant-shell-companies-for-reverse-mergers-suspended-by-sec/