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Re: pitts77h post# 22318

Friday, 01/20/2012 7:45:45 PM

Friday, January 20, 2012 7:45:45 PM

Post# of 42999
Geez, I don't know pitts.
Sorry, I was out of town. But, so I return and this is what
I get:

EEGC's own 8K proves you are wrong.

Putting me out there like that eh and telling me I've mislead you?
Again?
C'mon now, again you should know better...
As such, I presume you ascribe the company's following statement to your charge

"Empire has acquired a 75% interest",


Let me refresh you that there is a BIG difference in reacting -vs-reasoning on information in an 8k. It's kind of a comparative study. A mind thing.
So, please be mindful of the relevant law governing actions of public companies. Also, the pretext of the 8k will proscribe the reasoning for the 8k. I've attached an instructive form for your convience that describes the reasoning for issuing an 8k. A requirement by law upon an event like the one you allude to in your post.
http://www.sec.gov/about/forms/form8-k.pdf

That particular 8k was proscribed as: Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 and as attached:
http://taft.law.uc.edu/CCL/34Act/sec13.html

Again, Section 13 (l) which is inclusive in Section 13 proscribes the following:

Real Time Issuer Disclosures
"Each issuer reporting under section 13(a) or 15(d) shall disclose to the public on a rapid and current basis such additional information concerning material changes in the financial condition or operations of the issuer, in plain English, which may include trend and qualitative information and graphic presentations, as the Commission determines, by rule, is necessary or useful for the protection of investors and in the public interest."

Now, when the company was reporting "Empire has acquired a 75% interest" in the EAO the term "interest" certainly includes an option which is not inclusive as a definition in the word "interest" in the requirement to report under the law. Further any term can be used which may include trend and qualitative information. As such, you were duly notified being a member of the public even if you happen to not be a shareholder.
Conversely, if you are a shareholder you were notified because that information is useful for your protection. What you do with that information is strictly up to you. Personally as a shareholder, I have no problem with it.

Surely and reasonably, a single candle dispells a hundred years of darkness
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