EGPI Firecreek Inc (EFIR)

[mahatmapaul]

I too am wondering why this is happening. Hundreds of millions of shares per day and yet the price remains the same? Can somebody tell me what's going on?

It is a classic pump & dump, no more, no less.

EFIR hired a professional p&d promoter to flood the message boards with typical pumping posts. They also carefully orchestrated this so-called oil and gas exploration scenario. If you look closely at the history of this company, they produce no oil or gas, they consistently lose money, they do p&d's followed by reverse splits. This current story of finding oil and gas is just a smoke screen for the p&d. Sure, they most likely are drilling and most likely did find some oil and gas, but that is not the purpose: the purpose is so that they can continue the p&d with promises of riches to come. Just be patient, and you will see that this exploration ends, not with a bang, but a whimper. Also, SUCCESS OIL made sure that they get the lion's share of any proceeds; now, why is that fact consistently overlooked on this boards?

They are dumping 17 billion newly printed shares on the market.

Now, ask yourself a question: EFIR (read "ceo") is selling these newly created shares to you. The promoters of the p&d are being paid in billions of these shares, and THEY are also selling them to you. Why are they "selling" and not "purchasing" if incredible returns are soon to come your way?

Classic p&d, no more, no less