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Re: darealmr post# 559

Wednesday, 04/14/2010 7:47:38 PM

Wednesday, April 14, 2010 7:47:38 PM

Post# of 35714
Actually it has alot more with the fact that EGPI actually is adding real companies and revenue to its bottom line. The oil business never really took off. The russian oilfield venture was a fiscal disaster. They spent a ton on VC money for it and the russians took the money and said no. They never really recovered. After the RS they finally decided on a better business model and decided that toxic death spiral of finacing was not an option. The folks attached to the company are a decent lot. They learned their lesson last time, hence they pulled out that crap deal they had setup and got much better(reputable) financing. They still a very small amount of revenue from some oil and natural gas coming in. The only thing I don't like is that historically management is awful with communications.