E Resources (egro)

[weo1998]

Okay, everything is now filed that was required. I thought we might see a PR in regards to what is happening such as what they may be thinking of for the future.

Maybe we should start with what we know. They filed their required SEC documents. Why? The 10Q states they ceased operations back in January. They didn't file for bankruptcy, they could have. I am going to go out on a limb now and state it is pretty obvious to me they are setting this up for a Reverse Merger. All that needs to be squared away is the remaining debt. I am guessing that's the next step in readying this shell. Float is still reasonable at 25M. Yes, more shares are being used for some of the debt but that still remains to be seen what that is. We know that from the 10K. Yes there will be more dilution IMO.

I don't have a crystal ball but it is my opinion this thing is about to move some. There were some major changes on Level 2 late in the day. We now have MM's up to .10 cents. MHMY has had the Bid and Asked boxed for the last 6 months and is now off both. Maybe this is just a smoke screen but it is the most positive change on Level 2 I have seen is a very long time. Hopefully we will see a PR soon on the official direction the company is taking.

Good luck to all,

weo