That play is called "THE WILMONT DUMP" It usually occurs when debt ridden companies must issue shares in order to pay creditors who are tired of waiting on their money. This is the play that I spotted weeks ago. Because the buy volume of the stock has dropped, it can't be distributed as easily throughout the day. So in turn, whatever is left is fed to the floor at the end of the day to clear the books. My best guess from observation is they try to dilute about 300,000 shares per day minimum on a normal day and more if the buy volume is elevated. One day my group and I bought just under 4 million shares and only moved the price .004. Yeah Buddie! Thats what I'm talk'in about!
Generally after a series of "WILMONT DUMPS" There will be a press release issued with the same information previously issued in prior press releases, only worded slightly different. This is called "THE WILMONT PUMP". It creates a shallow spike in buy volume and stock price so more (convertables) shares can be fed to the floor and the whole process can be started over again. It is the oldest trick in the book and very easy to spot and verify. It is what is done in the final act of despiration to hold off creditors. The big question is, how many shares must be issued by the Super CEO that put this ship in danger of sinking? It is hard for me to get an exact amount of debt that EGOH is carring, but 700,000 - 800,000 dollars seems to be in the ballpark and should be a great place to start. Now it comes down to what the creditors will accept. Read his last propaganda page.. I am thinking based upon long term market conditions for this, at the moment, illiquid stock... A reasonable price would be .005 per share... So $800,000.00 in debt and you are given stock at .005 per share or 200 shares per dollar of debt. You see, this is a very expensive way to pay debt!! So, $800,000.00 x 200 = 160,000,000 new shares issued through convertables... Pretty simple math my friends and it should be fairly accurate from my past experience. This will put the total shares issued to the market @ 200,000,000 shares. 160,000,000 + 40,000,000 outstanding in Jan = 200,000,000 total outstanding shares... NOW do you understand why I was blowing the whistle on our boy and calling him out... The next phase of the plan, I think will be a reverse split. Probably a 4 or 2 to 1 wich would put the outstanding shares at a respectable 50,000,000 or more likely the 100,000,000. This is conjecture on my part, not fact. I have been spot on with this guy so far and have enough experience in these situations that it is sort of once you've seen a couple , you've seen them all! They are pretty predictable over all and I enjoy calling their next move. It is sorta like a game of chess. I'll stop now , as I'm sure there will be questions and comments. I will try to shine as much light on the subject as I can from my perspective and I'm NOT saying BUY or DON'T BUY to anyone. We are still going to buy. I look at this like a call option on 12,000,000 barrels of oil, all kinds of upside, very little downside. I believe strongly someone will bring the oil fourth. It will not be Mr. Wilmont, he doesn't know how. I am with windough-shopper 100% he must go, step aside and let the pro's gett'er done!
