Good morning!!! (here in Belgium, it's actually already 3 PM :-p)
Are you sure they issued new stocks? I found this is the SEC "archives":
2/14/2007:
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Aggregate Amount Beneficially Owned by Each Reporting Person
33,983,333 Class A*
5,000,000 Class B*
*RAB Special Situations (Master) Fund Limited owns 17,100,000 Class A common shares, a $1,500,000 convertible debenture convertible into 8,333,333 common shares, warrants to acquire 8,550,000 Class A common shares, and warrant to acquire 5,000,000 Class B common shares. The convertible debenture and warrants are not exercisable if, as a result of an exercise, the holder would then become a “ten percent beneficial owner” of the issuer’s common stock, as defined in Rule 16a-2 under the Securities Exchange At of 1934.
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2/14/2008:
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Aggregate Amount Beneficially Owned by Each Reporting Person
33,983,333 Class A*
5,000,000 Class B*
*RAB Special Situations (Master) Fund Limited owns 17,100,000 Class A common shares, a $1,500,000 convertible debenture convertible into 8,333,333 Class A common shares, warrants to acquire 8,550,000 Class A common shares, and warrants to acquire 5,000,000 Class B common shares. The convertible debenture and warrants are not exercisable if, as a result of an exercise, the holder would then become a “ten percent beneficial owner” of the issuer’s common stock, as defined in Rule 16a-2 under the Securities Exchange At of 1934.
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2/17/2009:
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
30,958,333 Class A*
5,000,000 Class B*
*RAB Special Situations (Master) Fund Limited owns 14,075,000 Class A common shares, a $1,500,000 convertible debenture convertible into 8,333,333 Class A common shares, warrants to acquire 8,550,000 Class A common shares, and warrants to acquire 5,000,000 Class B common shares. The convertible debenture and warrants are not exercisable if, as a result of an exercise, the holder would then become a “ten percent beneficial owner” of the issuer’s common stock, as defined in Rule 16a-2 under the Securities Exchange Act of 1934, as amended (the “Act”).
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It rather looks like RAB reduced their interest in EEGC, but I can be wrong!!!
Thanks and have a great day!
AI
