Wednesday, October 10, 2012 2:28:01 PM
It is fluff. A closed bad deal is worse than no deal at all.. The plan was to refurbish/retrofit old stuff and EGOC can't execute without approved devices. Never mind that no driver wants to go OTR with ancient lease purchase equipment. The breakdowns and maintenance can/do kill profits and there are far better alternatives. The experienced trader should do some DD and learn a little about the target market --> OTR trucking...
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Hmmm, no products, customers, revenue? There are more red flags on this stock than there are in the People's Republic of China. Longs can't bear to look at them, much less acknowledge them to newbie investors.
Please! I've owned several OTR trucks and ask you, do you know what a single truck nets in a year? I'm not convinced that there is even a Big Yellow Truck that is making money with EGOC products installed. Those unapproved devices would be illegal if they even existed.
Some new buyers are "the greater fool" but there aren't many that seem to be interested in a company with no revenue and zero potential of generating revenue. If you see "negativity," rebutt it with facts, not words from the guy trying to sell his stock.
BTW, I challenge anyone to 'splain how one does DD of a stock that doesn't file the financials? without looking at the numbers and the product we have nothing but guesswork and the word of the pumpers.
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