Companies cannot operate on good intentions alone. The only basis of analysis should be what is a fact, not speculation.
There currently is no way to analyze future revenue streams and assign value to it, despite the suggestions of some posters here about getting rich from flare gas, widgets and thingamajigs. Where is any material proof about the future value of any of these recently announced business lines? Where are the regulatory filings that outline the underlying contracts behind these promoted business oportunities?
If EEGC can avoid a judgement to get wound up next week, that would be great, but a judge isn't going to accept much in the way of "we're working on it." EEGC cannot seem to make any institutional investor happy enough to stay committed to a funding program. Why? "They get too greedy and Bendall walks away" isn't an answer. The deals are struck and agreed to ahead of time. Its happened over and over again during the last decade.
There was no announcement of net proceeds from th Rights Offering. The only "fact" is that the last filed financial statement said they have $1000 in the bank. IT IS MATERIAL. Until such time as funding closes and can be demonstrated as cash in the bank, its all just noise.
Show me the money in the bank, not debt reductions, not promises, not excuses. There is either cash in the bank or not.
Right now... its NOT.
AI
