Empire Energy Corporation Intl. (fka EEGC)

[ezpicins]

Dilution:

Dilution is mentioned by many as a bad thing but imo opinion not so with EEGC. OK we all know Malcom converted debt to shares and now owns 1/2 as many shares as before the rights offering. Is this bad?
I look at it this way. Why would Malcomb want a bunch of shares at .02 or worthless (if you listen to Ernest, Bob, Tech and other nonowners of EEGC). He must be convinced that those shares wont be worthless someday and that day is in the near future. IMO Malcomb must get EEGC drilling soon as a requirement of the license. Malcomb's back is against the wall but Im betting EEGC emerges soon with cash and drilling.