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Re: crazyjogger925 post# 18035

Monday, 09/13/2010 8:59:17 PM

Monday, September 13, 2010 8:59:17 PM

Post# of 42999
To answer your questions:

1. Wind-Up. Agree, don't know what judge will do, and I do not believe I ever have said that I do.

2. Other Businesses. I don't know anything about EEGC selling 35M shares of Grand Monarch Holdings (link, please); but what I was trying to say is that unless the oil business is going away (which it would if a GSLM wind-up order were issued), IMO EEGC should stick to it. Mr. Bendall, CEO, only has so many hours in the day and IMO they should be focused on oil.

3. JV. I guess I was misunderstood. I agree with you, 1/4 of a loaf better than none. Indeed, with the SmartWin transaction, EEGC was selling half the company at $25M or $45M valuation (forget which), and I had no issue with it.

Sorry that deal fell apart for whatever reason; the deal we get now, if we get one, will be nowhere near as good fore shareholders.

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