Energy One Corp (EGOC)

[jamigo]

Comedy Central? You have made my morning but you owe me a monitor cleaning after this comment. =^)

Maybe someone should tell Ruan,Penske and idealease. They have no chance of succeeding.

Too cool but let's recap. According to the phony PRs, EGOC's plan was to snag Master Fleece and have them lease out clunky old trucks retrofitted with E1's bogus, unapproved devices to lease purchase operators (aka suckers). The problem is that after several years, EGOC has taken no steps to get the devices approved and on the market. That leaves Master Fleece with a lot full of overpriced trucks that aren't compliant. Still, EGOC seems intent of grabbing M/L with a toxic financing and "private placement" deal.

Contrast M/L with real leasing firms such as the ones you mentioned. They lease new compliant equipment to companies and are pretty successful. They do not lease worn out old trucks to individual dummies with bad credit. Do some DD and call all their 800 numbers now. Ask if they do lease purchase (aka fleece purchase) deals.

When the person who answers the phone stops laughing, they'll tell you that they only lease to credit-worthy entities. Thing is, the independent with a half decent credit rating will not even consider lease purchase in the first place. They can buy a decent, relatively new, low mileage dn fully compliant used truck from those leasing companies for less that the price of the elderly equipment on M/L's lot. An example is here and it's $38k less than M/Ls only compliant truck--

http://idealeaseusedtrucks.com/vehicle_preowned/vin/?vin=2HSCEAPR07C489714