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Re: Doc Metz post# 19516

Thursday, 01/06/2011 11:10:05 AM

Thursday, January 06, 2011 11:10:05 AM

Post# of 42999
It doesn't take 'inside information' to know the company has not raised financing in the Middle East:

- If they had raised financing, they would have filed an 8-K as a material event.

- They have not filed such an 8-K.

- Therefore, they have not raised financing.

On the other hand, a cynic would say that EEGC has a habit of not filing 8-Ks when they should (upon the announced 'completed' acquisition of Grand Monarch Holdings; or arguably in committing $20+M, several times the company's market cap, to a related party -- Mr. Bendall -- for unnamed technology), so maybe they have raised Middle East financing.

In which case, I would note that the most recent PR, silent about the Middle East but announcing the hiring of a North America firm to help them find financing, is a pretty good indicator that Middle East finance has not as yet been acquired.
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