Followers | 303 |
Posts | 4450 |
Boards Moderated | 2 |
Alias Born | 05/03/2007 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Friday, July 17, 2009 11:27:03 AM
More likely, the authorized would be increased to maybe 500 million, and the RM company would get 90% of the shell, leaving existing stockholders with about 10%. That would still be a great deal for something that was basically valueless a couple of days ago (except for the value of a Pink Sheets shell, which is probably a couple hundred thousand bucks max).
However, it's not at all clear to me that Shareholder Advocates will be able to round up a majority of the outstanding shares in order to take control of the shell. and if you Google David Keaveney, the guy behind SA, you find a trail of subpenny and defunct companies.
Buyer beware.
Recent EEGI News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 03:56:14 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 02:26:35 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM