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Friday, 09/02/2011 3:39:07 PM

Friday, September 02, 2011 3:39:07 PM

Post# of 67190
Looking at the last August 2011 filings by EGOH on the OTC system, it looks to me like either Wilmuck, or one of his buds got about 40 million new shares in exchange for retiring a piddling amount of debt (perhaps the CEO paid himself back salary with nearly free shares, to avoid income tax on the new shares, or he paid off a small creditor that was about sue him ), and then sold all or most of his old shares, thus the reason there is no change in stock holders paid in equity, while the OS share balance jumped up another 40 million shares?

I also see significant changes in the outstanding loans and expense debt, but a net increase in the sum on the last quarter, which tells me the extra 40 million shares sold did nothing to help the balance sheet of EGOH!!!!

Ambition with out knowledge is like ship in dry dock. Going nowhere fast!

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