I have three theories!!
Theory #1. I believe that someone or group of people are buying in after reading our public posts. They see the possibilities with this company. Since the buying has slowed down to about 5,000,000 per day, my questions are: are they running out of money, or do they wish to keep the lid on the PPS until they can no longer get a share for .0009 or less.
Theory #2. I credit this theory to HAK41. It is a possibility that the new company (Cayanne Resources) is proceeding two months behind schedule, to change the name, ticker symbol, and corporate officers....as was reported by Signature Stock, Inc. This is their attempt to gather up shares cheaply for two possible reasons. One reason is that the restricted shares, although they can not be sold until the terms of the restriction are met, may not have a vote. This would leave it up to the voting, float shares.......of which this group, Cayanne Resources, could now already own 75 - 80 million shares.
Theory #3. Just like May 2006, when Orinco gave up ownership of this company to EAGM, many of the people working there have a stake in this company and changed the company name and share structure, i.e. 1:1000 split, to avoid hard feelings between Orinco and original share owners. Now EAGM wants to change it's name to Cayanne Resources and change the officers, and change the share structure (i.e. 100:1 reverse split) to avoid hard feelings between EAGM and the float share owners. These will probably be the same rotating group of original investors that work at the company. I would not be surprised if by completing this change, it would unlock present insiders with stock options and other restricted shares to sell for new shares (unrestricted) in Cayanne. Here's a possible scenario: Four months ago, they came up with this ides, and since the stock price is so low, they made this pact to buy back the company shares at float with the company's money. This way no insider would have to take money out of their pocket to make the share pot smaller. Since they do not communicate with us anyway, the first thing to do would give a certain period of time before this name change, for present insiders to buy up as much as they can at less then .001, then the company would use it's cash reserves to buy up the rest of the float, which would immediately trigger a change in float shares with Signature Stock, Inc. This name and officers change would give present management most of what they want. That is: Distance themselves from EAGM stockholders, noone to answer to, from the future defunct EAGM. Release of restricted shares for sale or transfer for new unrestricted Cayanne shares. Change of the float holders from outsiders to mostly insiders. Dissolution of 590,000,000 EAGM shares and splitting up of cash on hand (considerable - at least 10 cents per share) to outstanding shareholders or conversion to new shares in Cayanne Resources.
This is what could be happening. SAM.
AI
