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Re: EarnestDD post# 19393

Friday, 12/10/2010 7:24:40 PM

Friday, December 10, 2010 7:24:40 PM

Post# of 42997
Excuse me, I have a question.

I am a shareholder in the natural sense, one who has bought and paid for my holdings, and what you have insinuated here is very disturbing indeed.

So disturbing that I believe the SEC should be involved...but I am not sure, I could be wrong...so why don't we settle this down to brass tacks.

This is obviously surrounding the following statement, I think you will recognize the author:

" do you have the Information that EEGC should have filed in the form of an 8K on the Mystery Technology bought from Malcolm for $21 Million??"



uhhhhhhhhh SCUSE ME? "the Information that EEGC should have filed in the form of an 8K "

In case it has slipped memory, here is the link to that quote...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57636698


The insinuation is obviously based on the latest 10-q, wherein we find the following information:

(please note the information in bold)

" Completion of this acquisition is expected to be completed in the fourth quarter 2010 or the first quarter 2011. Total cost of the acquisition is expected to be $21 million ($14 million in addition to the deposit held), initially funded by Company unsecured debt convertible to Common stock at a price of $0.07 per share. "


Source: page 9-http://www.sec.gov/Archives/edgar/data/788206/000107878210002847/empire10q093010.htm

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Now..given the deposit was recorded in the 10q....I fail to see where the need for an 8k lies...with respect to a transaction that has not completed...as the same information purports it has not yet completed.

Perhaps I am stupid....if so please detail how it is that this transaction that has yet to complete,... is required to be reported in an 8k????

Sounds to me like if it is, a complaint should be filed with the SEC.

The same could possibly be true, (if it is not required) not sure if the company would be the defendant in such a complaint though...might be somebody else???

Either way perhaps a complaint is in order?

Thoughts?


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