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Saturday, May 18, 2024 12:03:29 PM
"Looking back I think the turning point for the OTC market in general was just after the covid thingy.. In my view I think that covid thingy really messed up a lot of businesses and especially new startups ."
That said you may also have a valid point in that maybe the Chinese authorities did a crack down on reverse mergers or companies breaking into the US markets . I certainly would not rule that out as a "possible reason" why EGOC went silent. I would love to see EGOC claw their way back and update the backlog of filings etc. Perhaps they didn't have any income to report and just figured why bother meeting the deadlines when they had no income... Maybe they figured that as soon as they can deliver the goods with a productive company with earnings etc they would then get everything up to date and current.. If they had no income to report it is my guess they would have been booted down to the expert market until such time that they could produce solid incomes. Those pesky new rules would have kicked in and the same temporary results of being thrown to the expert market would have happened with or without the filings..I personally believe that they had no solid revenues yet and decided not to waste the time and money filing when the outcome was going to be pretty much the same at least for a period of time until they squared away a solid business model with solid earnings!! Who knows? The shadow knows!! lol
At any rate I had meant to reply to your post but with all of the funk going on here on the EGOC ihub board it got bumped to the back of the line so to speak. Any thoughts on my theory concerning them maybe holding off until such time that they have real solid income with a solid business going forward? I will check back this coming week when I have more time!
Just my opinions.
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