Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

Malcolm pulled off a fantastic maneuver; He converted debt owed to him by the company into shares of stock. The following was accomplished:
Malcolm didn't have to take out a loan to buy the stock and thus doesn't have to pay it back with interest.
At the same time the debt is removed from the company books.
This gives Malcolm more control of the company and prevents a hostile takeover.
Now for those who say we needed that money to pay for the drill rig, etc. Not so! we have mucho money coming in that will cover all bases and then some.
EEGC is now fat and proceeding to make us all rich in not just oil but Flare Gas as well. Its all going down. Patience pays off.