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Re: investor007 post# 7824

Tuesday, 01/17/2012 11:29:30 AM

Tuesday, January 17, 2012 11:29:30 AM

Post# of 67190
I grasp it just fine. If you want to see a perfect example of the most extreme toxic financing in process, check out COIN, and YRCW. They have done (and COIN is still doing) a perfect extreme case of it at its finest. YRCW 52 week high on the charts was showing $1500 per share versus about .09 before the last R/S( IIRC), Coin has gone from about $1 to .0003 pre split on hundreds of millions of shares the last 12-15 months and is still dumping 100's of millions to convert debt to save the CEO's paychecks and keep them coming. LOL, don't get me started on that, LOL!

If the EGOH volume runs up to new highs and .005 area does not hold, but drops to .001-002) then I agree, EGOH (Wilmont) has borrowed heavily, and they are converting and dumping, but IIRC, there was a 6 month wait in the contract between Wilmont drawing money, and their ability to demand shares for payment. Did I miss something?

Also, Wilmont seems to have stepped up his reporting game recently (SEC, versus garbage napkin quarterlies to the OTCBB)?

I am not saying this is a long term investment here. I was never really convinced of that, and am still not convinced. But it looks like a good trade here to me.

Also note worthy, I was not telling people to buy here at all the last year. But this looks like a nice priced lotto ticket here.


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

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