With almost 500 million shares outstanding, there are few if any firms of substance out there that have the financial capability to finace the capital requirements of EEGC and have the charter and/or interest in a Pink Sheets/OTC penny stock.
I see them using a non-stock JV structure that gives up at least 65% of the well interests, followed by a reverse split to add some credibility to the stock price. They move the listing to OTC, hope like heck that they hit on well one, and do another split to try to move to a larger listimg. These new board members have to know that institutional players need $2.00 share price at a minimum and $5.00 for fund investors with a non-Pinks/OTYC listing. With the number of shares current outstanding, a billion dollar market cap or two and a half billion market cap is the pure fantasy of people with a promotional agenda.
I am also baffled about the rhetoric related to $300 million in fanancing for an unproven technology methodology. The estimates presented on this thread about $4 a year dividends are disturbing at best. I hope that some poor slob didn't buy this stock with that dividend in mind. $2 billion a year in dividends? Wow. Who makes these estimates up... or worse... who actually puts weight in them? jmo
AI
