Home > Boards > Free Zone > Penny Fundamentals > DD Support Board and Research Team

EGOC - trying to sort out the Amyot connections

Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
nodummy Member Profile
 
Followed By 1,402
Posts 7,867
Boards Moderated 3
Alias Born 02/26/10
160x600 placeholder
nodummy   Wednesday, 10/05/11 10:39:28 PM
Re: None
Post # of 159873 
EGOC - trying to sort out the Amyot connections

There is no disputing that Jean-Francois Amyot was involved with the shell at one time.

The question is he still involved now?


--------------


The history of the EGOC shell - A time line of events as disclosed by the EGOC filings

(disclaimer - this time line is only based on information disclosed in the EGOC shell filings. Though filings do typically disclose most information - not all information is disclosed in the filings. Insiders may choose to hide material information at times.)

The time line starts with the inception of the EGOC and ends with the present day situation.


-----

February 5, 2003

The shell was first incorporated in Nevada with the name Northwest Horizon Corporation with 75,000,000 authorized shares.

It was just a shell controlled by 3 individuals out of British Columbia - Rick Cox, James Merchant, and Shari Sookaroofoff.

------

June 18, 2004

The Amyot seed was planted. Francis Mailhot (extrememly close associate of Jean-Francois Amyot) was added as a Director.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3065562

------

December 15, 2004

Francis Mailhot became the Sole Director, President, and CEO of the shell.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3340494

Mailhot bought James Merchant's 750,000 shares for $.005/share

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3376234

Mailhot bought Rick Cox's 1,500,000 shares for $.005/share

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3376380

Mailhot bought Shari Sookaroofoff's 750,000 shares for $.005/share

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3397937

Francis Mailhot also become the majority shareholder of the shell with 3,000,000 out of the 3,600,000 outstanding shares at the time.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3344721

The company was moved to Montreal after Mailhot took over.

Francis Mailhot hired Joseph I. Emas as the Legal Counsel around this same time.

-----

January 11, 2005

Mailhot did a 4:1 forward split increasing his ownership to 12,000,000 shares and the total outstanding share count to 14,600,000 shares

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3390603

-----

January 18, 2005

Mailhot announced in an 8k that he was looking to do a Reverse Merger with the shell

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3400152

-----

February 4, 2005

Mailhot announced that he found the reverse merger company - Dairy Fresh Technologies Ltd

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3439270

Dairy Fresh Technologies Ltd was a Canadian business entity formed in 2001 officers/directors include:

Nicolas Matossian, Chairman of the Board of Directors and initial CEO

Robert C. Harrison, President and Chief Executive Officer and Director since October of 2002.

Don Paterson, Chief Financial Officer and initial Director

Ian Morrice (very close associate of Jean-Francis Amyot), Executive Vice-President since January of 2002.

As part of the share exchange agreement is appears that Francis Mailhot's 12,000,000 shares were first canceled leaving only the 2,400,000 outstanding shares owned by the public.

Northwest Horizon Capital acquired all the outstanding shares of Dairy Fresh Technologies Ltd in exchange for 9,250,000 restricted shares of Northwest Horizon Capital stock.

As a finders fee - Jean-Francis Amyot, through his company Finkelstein Capital Inc, was issued 1,500,000 restricted shares. Francis Mailhot is also a Director of Finkelstein Capital.

This made the outstanding share count for the shell 13,150,000

Here is how those 13,150,000 shares were split up:



(1) Dairy Technologies Inc. is owned and controlled by Richard Farrell (50%) a Director of the Northwest Horizon Corp. and it is also owned by David Hibbard (50%) who is an affiliate of Northwest Horizon Corp.
(2) Finkelstein Capital Inc. owns 1,1028,600 shares and Francis Mailhot is 25% beneficial owner of Finkelstein Capital Inc, and Francis Mailhot is a Director of Northwest Horizon Corp.
(3) Robert C. Harrison Ltd is a Company owned and controlled by Robert C.
Harrison, who is the President and CEO and a Director of Northwest Horizon Corp.
(4) Purple Cow Investments Inc. is a Company owned and controlled by Nicolas Matossian (30%), Mr. Matossian is the Chairman of the Board of Directors of Northwest Horizon, Ian Morrice (30%), Mr. Morrice is the Executive Vice-President of Northwest Horizon and Don Patterson (30%) who is the Chief Financial Officer and (10%) of Purple Cow Investment is owned by friends and family members of the major shareholders.
(5) Les Services Financiers Francis Mailhot is a Company owned and controlled by Francis Mailhot, a Northwest Horizon Corp. Director.
(6) There are 2,400,000 shares held by the public that are registered free trading shares and 47,650 shares that are restricted.
(7) The Company entered into loan agreements with 15 accredited investors for a total of USD $490,600and said loan is automatically convertible into shares of Northwest Horizon Corp. at a price of USD$0.50 per share for a total of 980,420 restricted shares. The shares have not been issued as per this statement, but are deemed to have been issued and should be considered issued and outstanding post the reverse merger transaction.
(8) As per the loan agreement stated in item 7, a total of 980,420 share purchase warrants where issued granted the holder the option to purchase 1 share at USD $0.75 per share and in the event all warrants are exercised a total of 980,420 shares will be issued, which will procure the Company with a total proceed of USD $735,315.00.
(9) No options of Northwest Horizon Corp. have been issued at the time of the filing of this document but management plans to grant up to 15% of the issued and outstanding shares as options to key management and or board members as well as strategic partners.

-----

February 2005

The Company engaged the services of Value Relations Inc. of Germany and Midland Baring Ltd. of Montreal (a company controlled by Jean-Francis Amyot) to provide investor relation services and public relations within the investment community.

$202,755 is spent on these services during the year ended December 31, 2005

$272,153 during the year ended December 31, 2006

-----

March 22, 2005

The reverse merger is completed and a change in management takes place.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=3602551

The new management of the Shell looks like this:

Nicolas Matossian, Chairman of the Board of Directors
Robert C. Harrison, President and Chief Executive Officer and Director
Don Paterson, Chief Financial Officer, Director
Ian Morrice, Executive Vice-President
Richard Farrell, Bcomm, LLB, SIA, Director
Francis Mailhot, Director

-----

August 8, 2005

The name of the shell was changed to Dairy Fresh Farms Inc

The share ownership was still basically the same at this time, but we get a little bit more disclosure on who is connected to which entities



(1) Dairy Technologies Inc. is owned and controlled by Richard Farrell (50%) a Director of the Northwest Horizon Corp. and it is also owned by David Hibbard (50%) who is an affiliate of Northwest Horizon Corp.
(2) Finkelstein Capital Inc. owns 1,1028,600 shares and Francis Mailhot is 25% beneficial owner of Finkelstein Capital Inc, and Francis Mailhot is a Director of Northwest Horizon Corp.
(3) Robert C. Harrison Ltd is a Company owned and controlled by Robert C.
Harrison, who is the President and CEO and a Director of Northwest Horizon Corp.
(4) Purple Cow Investments Inc. is a Company owned and controlled by Nicolas Matossian (22%), Mr. Matossian is the Chairman of the Board of Directors of Northwest Horizon, Ian Morrice (22%), Mr. Morrice is the Executive Vice-President of Northwest Horizon and Don Paterson (22%) who is the Chief Financial Officer and (34%) of Purple Cow Investment is owned by friends and family members of the major shareholders.
(5) Les Services Financiers Francis Mailhot is a Company owned and controlled by Francis Mailhot, a Northwest Horizon Corp. Director.

-----

January 27, 2006

An SB-2 is filed for the registration of the sale of Diary Fresh Farms Inc stock.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4155593

We get a much more complete list of Diary Fresh Farms Inc shareholders including the following names:

Jean-Francois Amyot
Toyma Capital Inc. controlled by Jean-Francois Amyot
Finkelstein Capital controlled by Jean-Francois Amyot
Alex Barta
Jean - Guy Lambert
Ian Morrice
Francis Mailhot

The offering ended up being withdrawn

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=4538946

-----

June 30, 2006

15,681,792 shares outstanding

$0 Revenues

-----

September 30, 2006

15,681,792 shares outstanding

$0 Revenues

-----

December 31, 2006

19,391,549 shares outstanding

$0 Revenues

During the 4th quarter of 2006

2,365,113 were issued for services
1,405,644 were issued towards the conversion of debtentures

-----

During 2006

Francis Mailhot and Richard Farrell were dropped as Directors

-----

February 8, 2007

407,000 shares are issued to Midland Baring Ltd. (another company controlled by Jean-Francois Amyot), in exchange for a loan received of $63,000 from 2006 and $59,000 in costs incurred for their work in obtaining the listing in Frankfurt.

-----

February 8, 2007

Dairy Fresh Farms Inc. engaged Tertium Capital Inc., a Barbados corporation, for certain advisory services, including but not limited to analyzing, structuring, negotiating and effecting a proposed financing transaction and preparation of corporate materials such as business plans and corporate presentation. As consideration for these services, Tertium Capital Inc., were issued 1,805,000 shares of the Company’s common stock, valued at $0.30 per share which were at fair market value.

In addition, the Company issued an additional 1,400,000 to Tertium Capital Inc. for prospective services provided in developing markets for the Company products in Russia, Israel and Italy along with strategic partnering advice and consultation with pre-selected industry players who can offer both production capacity and distribution networks. Such shares shall vest based on benchmarks established between the Company and Tertium Capital Inc.

-----

March 31, 2007

23,003,549 outstanding shares

$0 Revenues

During the first quarter of 2007

407,000 shares were issued to Midland Baring Ltd

3,205,000 shares were issued to Tertium Capital Inc

-----

June 30, 2007

23,003,549 outstanding shares

$0 Revenues

-----

September 30, 2007

23,003,549 outstanding shares

$0 Revenues

-----

October 23, 2007

Diary Fresh Farms agrees to a merger with Great Bear Explorations Inc.

http://www.sec.gov/Archives/edgar/data/1274001/000114420407056133/v091205_ex2-1.htm

Great Bear Explorations Inc is issued 30,000,000 shares of Dairy Fresh Farms Inc stock in exchange for 100% ownership of Great Bear Explorations Inc.

Great Bear Explorations Inc. is a development stage Canadian company engaged in the oil and gas exploration industry. This corporation has acquired a 35% interest in Peace East Energy Corp, whose assets consists of primarily joint venture and farm out agreements in North Central Alberta Canada. These agreements provide for Peace East to participate in oil and gas activities on certain property (approximately 8,200 ha.) and to post and bid on other properties that have been extensively analyzed by the Peace East over the last 18 months. In addition Peace East has given Great Bear Exploration first right of refusal for the remaining 65%. The geographical areas of interests of these agreements are situated in the north central area of Alberta, Canada

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5491148

Some interesting details about who controls Great Bear Explorations coming soon in this post.

Before being introduced to the Diary Fresh Farms shell, Great Bear Explorations first showed up with Lotta Coal, Inc (a company largely controlled by Jean-Francis Amyot).

March 2, 2007 - Lotta Coal announced that it has purchased a group of companies including Great Bear Explorations Inc for 45,000,000 Lotta Coal shares

http://paguntaka.org/2007/03/02/lotta-coal-announces-acquisition-of-strategic-oil-and-gas-properties-in-northern-alberta-canada/

September 23, 2008 - Amyot was still talking about Lotta Coal's ownership of Peace West Energy Corp, but Great Bear Explorations is no longer mentioned

http://business.highbeam.com/436102/article-1G1-185448879/lotta-coal-provides-corporate-update-and-releases-51101

-----

November 15, 2007

The Great Bear Exploration Inc merger closes

-----

December 5, 2007

Nicolas Matossian, Robert C. Harrison, Don Paterson resigned as members of the Board of Directors of the Company.

In addition, Robert C. Harrison resigned his position as President and Chief Executive Officer and Don Paterson resigned as Chief Financial Officer.

Ian Morrice, the remaining member of the Board of Directors, appointed John Parry, Allen Soltis , Ron Evans, C.A., and David C. Hayes were appointed as members of the Board of Directors of the Company. In addition, Mr. Morrice has been appointed as the Chief Executive Officer, Mr. Evans has been appointed as the Chief Financial Officer, and Mr. Soltis has been appointed as the Chief Operating Officer.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5580902

-----

December 31, 2007

56,897,292 outstanding shares

$0 Revenues

Shares issued during the last quarter of 2007

30,000,000 to Great Bear Exploration Inc

210,000 towards the conversion of management note

3,683,743 towards services and to investors

-----

March 5, 2008

Great Elk Oil & Gas Corp is registered as a business entity in Nevada the name is later changed to Great Elk Brands Inc

Ian Morrice holds all Officer and Director positions at this time

Later Marc Gagnon would be added as Secretary and Treasurer

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=HINx7JE6cUfom%252b1yJZR9xg%253d%253d&nt7=0

-----

March 26, 2008

John Parry and David C. Hayes resigned as members of the Board of Directors of the Company.

The Board of Directors reaffirmed Mr. Ian Morrice as the Chief Executive Officer, Ron Evans, C.A. as the Chief Financial Officer, and Alan Soltis as the Chief Operating Officer.

-----

March 31, 2008

56,897,292 shares outstanding

$0 Revenues

Cash decreased by $284,879

Another $253,189 of the Great Bear Exploration expenses was paid through an advance from an affiliate.

The balance owed for the Great Bear Exploration expenses was now $1,031,668

-----

April 7, 2008

Jean-Francois Amyot registers a new business entity in Nevada called Monarch Energy Corp

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=jO75PBZl11Vf8A8LjXUCBg%253d%253d&nt7=0

Jean-Francois Amyot listed as President and Director

Marc Gagnon listed as Secretary and Treasurer

-----

April 11, 2008

Details of merger/acquisition with Great Bear Exploration Inc clarified.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=5861210

As part of the merger/acquisition with Great Bear Exploration Inc, Dairy Fresh Farms Inc inherits the liabilities of Great Bear Exploration Inc.

The following liabilities are added to the 2006 balance sheet for Dairy Fresh Farms:

$240,124 debt Note to Lagasco Corporation
$1,623,554 due to a related party

In 2007 $338,697 from the amount due to a related party was paid off through an advance from a company affiliate.

-----

April 25, 2008

Authorized common share count raised from 75,000,000 to 150,000,000

-----

June 19, 2008

A PRE14C was filed to change the name of the company to Great Bear Explorations Inc

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6003744

The PRE14C shows that the 30,000,000 shares issued for the merger with Great Bear Explorations Inc are controlled by Jean-Francois Amyot through his company, Toyma Capital Inc





So Jean-Francois Amyot is the beneficial owner of 30,000,000 shares (52% Diary Fresh Farms, Inc) plus the shares he already owned through Midland Baring Ltd, Finkelstein Capital, Toyma Capital Inc from prior to 2006 and from the Great Bear merger, and who knows what other entities might be tied to him.

The name change never ended up happening

-----

June 30, 2008

56,883,478 outstanding shares

$0 Revenues

Great Bear Exploration expenses listed at $1,235,362 under loan from affiliate

-----

August 7, 2008

Ron Evans resigns as a member of the Board of Directors and as Chief Financial Office of Dairy Fresh Farms, Inc.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6098936

-----

August 22, 2008

John Fairbairn CA appointed as Chief Financial Office

-----

August 28, 2008

Dr. Simon Phaneuf MD, MBA appointed to the Board of Directors

-----

September 30, 2008

56,883,478 shares outstanding

$0 Revenues

Great Bear Exploration expenses listed at $1,142,692 under loan payable from affiliates

-----

December 31, 2008

56,883,478 shares outstanding

$0 Revenues

Great Bear Exploration expenses listed at $1,077,654 under loan payable from affiliates

-----

January 6, 2009

Form 15 filed to terminate the stock registration of Dairy Fresh Farms Inc making it a non-reporting entity

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=6331017

-----

January 2009

La Posta & Associates was hired as the Accountant

Jill Arlene Robbins is hires as the legal counsel

-----

January 9, 2009

Authorized common share count raised from 150,000,000 to 400,000,000

-----

January 9, 2009

A Promissory Note for $496,099 is issued. The Note is set to mature on January 9, 2011 and accrues interest at a rate of 12% per annum.

-----

January 28, 2009

Change of officers with Monarch Energy Corp

Jean-Francois Amyot is replaced as President and Director by Roger Boileau

Marc Gagnon is replaced as Secretary and Treasurer by Salvatore Panzera

Hilbroy Advisory is hired as Investor Relations Consultant

-----

February 25, 2009

Dairy Fresh Farms passes a resolution to transfer all of its assets and liabilities into Great Elk Brands Inc, a Nevada business entity that is wholly owned by Diary Fresh Farms Inc

-----

February 27, 2009

Diary Fresh Farms Inc acquires Monarch Energy Corp

President/Director of Monarch Energy Corp until January 28, 2009 was Jean-Francois Amyot

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=jO75PBZl11Vf8A8LjXUCBg%253d%253d&nt7=0

(click on the little box to view historical officers)

Diary Fresh Farms issues 260,000,000 restricted shares to Monarch Energy Corp in exchange for all of the outstanding shares of Monarch Energy Corp.

All 260,000,000 shares end up being owned by Robert Wilson. Odd since Robert Wilson was never listed as an Officer or Director of Monarch Energy Corp.

Diary Fresh Farms issues 13,000,000 restricted shares to Hilbroy Advisory for advising services in the transaction.

-----

March 12, 2009

Monarch Energy Corp (the Nevada business entity) is officially merged into Diary Farms Inc.

-----

March 12, 2009

The Diary Fresh Farms, Inc Nevada business entity does a name change to Energy 1 Corp

-----

March 31, 2009

329,953,478 shares outstanding

$0 Revenues

Big Bear Exploration expenses $1,038,228 listed under loan payable to Affiliates

-----

April 27, 2009

Diary Fresh Farms Inc has name changed to Energy 1 Corp (EGOC)

-----

June 2, 2009

A Promissory Note is issued for $176,912 that is set to mature on June 2, 2011 and accrues interest at a rate of 12% per annum

-----

June 4, 2009

Ian Morrice resigns as the President/CEO of EGOC but remains as a Director
Marc Gagnon resigns as CFO of EGOC
Allen Soltis resigns as COO and Director of EGOC

Robert Wilson becomes President/CEO and Chairman of the Board of EGOC

-----

June 30, 2009

329,953,478 shares outstanding

$0 Revenues

Great Bear Exploration expenses listed at $1,130,223 under loan payable from affiliates

-----

September 31, 2009

329,953,478 shares outstanding

$0 Revenues

Great Bear Exploration expenses listed at $1,222,218 under loan payable from affiliates

-----

December 31, 2009

329,953,478 shares outstanding

$0 Revenues

Great Bear Exploration expenses listed at $1,222,218 under loan payable from affiliates

-----

January 28, 2010

AMemorandum of Understanding is signed for the purchase of Vortex IP Inc

-----

February 11, 2010

Vortex IP Inc is registered as a business entity in Florida by Raymond Brown II

http://sunbiz.org/scripts/cordet.exe?action=DETFIL&inq_doc_number=P10000013061&inq_came_from=NAMFWD&cor_web_names_seq_number=0000&names_name_ind=N&names_cor_number=&names_name_seq=&names_name_ind=&names_comp_name=VORTEXIP&names_filing_type=

-----

March 5, 2010

A merger agreement is signed with Vortex IP Inc.

Vortex IP Inc becomes a wholly owned subsidiary of EGOC

EGOC acquires the “ExhausTek and IonTek” technologies, patent pending, from Vortex IP Inc valued on the balance sheets at $260,000 in exchange for 260,000,000 restricted common shares of EGOC stock.

-----

March 2010

34,726,930 shares are issued towards the partial payment of the January 9, 2009 Promissory Note

Despite the share issuance the Promissory Note was still listed at $496,099 (the principal balance did not change)

-----

March 17, 2010

The acquisition of Monarch Energy Corp is canceled despite the fact that the Monarch Energy Corp Nevada entity had already merged into the Energy 1 Corp Nevada entity.

The 260,000,000 shares issued to Robert Wilson are returned and instead issued to the Vortex IP Inc shareholders. Raymond Brown II is the owner of the newly registered Vortex IP Inc entity - he got 227,808,000 shares.

-----

March 31, 2010

379,680,408 shares outstanding

$0 Revenues

Great Bear Explorations expenses at $1,287,929 listed under loan payable from affiliates

-----

June 10, 2010

Raymond Brown II replaces Robert Wilson as CEO and Chairman of EGOC

Dean Steiger is appointed at President of EGOC

-----

June 30, 2010

379,680,408 shares outstanding

$0 Revenues

Great Bear Exploration expenses at $1,293,467 listed under loan payable from affiliates

-----

September 30, 2010

379,680,408 shares outstanding

$0 Revenues

Great Bear Exploration expenses at $1,293,467 listed under loans payable

-----

December 3, 2010

Hilbroy Advisory Inc canceled and returned 15,000,000 shares of their common stock, returning them to treasury

-----

December 27, 2010

EGOC raises the authorized common shares from 400,000,000 to 500,000,000

-----

December 27, 2010

EGOC authorized 25,000,000 Preferred A shares then immediately issues 20,000,000 Preferred A shares to the CEO, Raymond T Brown II in exchange for the cancellation of 200,000,000 common shares which he owned.

Each Preferred A shares converts into 10 common shares and has 25 votes.

-----

December 31, 2010

227,625,000 shares outstanding

$0 Revenues

Great Bear Exploration expenses at $1,293,467 listed under loans payable

65,944,592 shares issued during the last quarter of 2010 under exemption from registration under Rule 504 regulation D

-----

March 31, 2011

427,800,000 shares outstanding

$0 Revenues

Great Bear Exploration Inc expenses $1,293,467 listed under loans payable

171,153,846 shares issued during the first quarter of 2011 under exemption from registration under Rule 504 regulation D

-----

June 6, 2010

EGOC raises the authorized common share count from 500,000,000 to 800,000,000

-----

June 6, 2011

EGOC authorizes 25,000,000 Preferred B shares.

Preferred B shares have 1:1 conversions rights into common stock.

Each Preferred B shares has 50 votes.

Raymond T Brown II immediately issued himself 10,000,000 Preferred B shares (no doubt for the voting rights since the outstanding share count was growing so quickly)

-----

June 30, 2011

EGOC executes an agreement transferring all the rights, assets, and liabilities of the subsidiary known as Great Elk Brands and its further, Dairy Fresh Technologies Ltd including Great Bear Explorations Inc. to an unaffiliated 3rd party. All assets and liabilities associated with those entities are dropped from the EGOC balance sheet.

-----

June 30, 2011

555,000,000 shares outstanding

$0 Revenues

156,221,154 shares issued during the 2nd quarter of 2011 under exemption from registration under Rule 504 Regulation D

-----

The Present

Latest Share Count from September 19, 2011

800,000,000 Authorized common shares
605,000,000 Outstanding common shares
539,562,216 Free Trading common shares


The Good:

EGOC has cut ties (on paper at least) with the past regime by dropping Dairy Farms Technologies, Great Elk Brands, Great Bear Explorations, and Monarch Energy Corp.

The Bad:

A loan for $176,912 is still on the books that originated under the former regime on June 2, 2009. Who does this loan belong to? The Note matured on June 2, 2011. When will we see discounted common shares being issued towards the debt Note? What conversion rights into common shares will the Note have? Is this Note part of the reason for the recent/current action started on the EGOC stock?

Since Raymond Brown II took over the float has been rising very quickly. Share selling is the only form of income for the shell. Though the expenses are low with such a small management team, the dilution is very bad for the share price.

It is unknown how many more "504 shares" will be issued who even who is getting these shares and at what price.

The EGOC shell has never made a penny in revenues ever in its history.

EGOC's only selling point are some pending patents which the company values at $260,000 with no solid evidence to back up that valuation. There is no guarantee that the patents will ever get approved or will ever have any real value. The pending patents came from Vortex IP Inc which wasn't even registered as a business entity until after EGOC signed a Memorandum of Understanding to acquire it.









Public Reply | Private Reply | Keep | Last ReadPost New MsgReplies (1) | Next 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist