Empire Energy Corporation Intl. (fka EEGC)

[mnboy]

I am sure there are some short sellers, there usually are some. I am not one of them. September 30 is a key date. The threats are from outside of the company, they are the creditors. If they decide to sue for liquidation or sell their pledged shares, MB can't pay the ongoing payroll or bills. Empire is done. If they can't fill required SEC documents, no money to pay the accountants, you are done.
Cash is king! 30-60 days and all services are cancelled or shut off. The postmaster does not give credit, you are evicted.

The accountant gave a Qualified Opinion, with out funding, not a going concern. Ownership in the Oil Leases ceases September 30. You will need a Legal Document granting an extension or new lease. There is none. We got hot air as of September 30. Long or short, game is over. Rights to nothing are worth nothing. MB is borrowing to make payroll.

MB personally guaranteed a lot of bills. I do not know Aussie RE Law, he probably can shelter some of his equity and other assets,he will be tied up in court by the creditor guarantees.

The PR postponement is huge. Something expected did not happen. What was it. It is material and and must be disclosed immediately.