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Re: dale1953 post# 16129

Friday, 07/09/2010 5:05:15 PM

Friday, July 09, 2010 5:05:15 PM

Post# of 42998
Not sure your definition of 'late,' the PR came out during the noon hour in New York, and there were stock trades in the PM, with the stock moving from .036 to .035. Are you expecting major upward movement on Tuesday without additional news?

IMO, stock won't move until there is cash in the coffers, either from sale of a note or from successful cash completion of the RO so the rig can be bought.

One caveat: could be some shorter term upside if the nature of the notes' 'principal protection' and 'strong structured return' is publicized, and the market assesses that buyers are likely without too much negative impact on EEGC P&L/dilution. Or more details are presented on the flare gas technology sufficient to cause belief in this potential revenue stream.

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