Empire Energy Corporation Intl. (fka EEGC)

[TeamPlayer]

We are told that the directors bought all their shares -- but we are not told how many that is.

If Mr. Bendall is not committing to take up all unsubscribed shares, and only 20% were subscribed in the first round, from where do we think the dollars will come to buy $.04/share stock for $.07/share?

Are we missing something?

My Guess is that as the company continues to make progress the second round of the Rights Issue, will be a completely different story! As more news and filing get submitted and published the MM's and others involved will struggle to keep this stock Price under the .o4's that we are seen now as they have maneged to do for a while now!
So everyone entitled to take up 116,199,727 additional unsubscribed shares would love to do so on the second round of the Rights Offer way before the termination date which has been set as 19 May 2010!!!!!!

IMO Not a single share will be left UNSOLD!!!!!!!

Have a nice day all!!!!!!