Energy One Corp (EGOC)

[Upticky]

OK you've heard the perspective from other's regarding the Form D filing, now here's mine.

The bottom line is that the company presently in the process of ensuring compliance with the federal securities laws.

"While companies using a Reg D (17 CFR § 230.501 et seq.) exemption do not have to register their securities and usually do not have to file reports with the SEC, they must file what’s known as a "Form D" after they first sell their securities."

http://www.sec.gov/answers/regd.htm

Notice that there is no given timeframe such as 30 days or any other given timeframe "after they first sell their securities". Should it have been done sooner? Yes, but at least the company is now getting compliant.

In my opinion Raymond Brown is clearly trying to ensure the company is compliant with the SEC. This should only be construed as the first step the comapny must take in this process. As Raymond Brown previously stated the next step is to file the 2nd and 3rd Qtr financials, note: Q3 will be consolidated with M/L, along with Attorney's Letter and go back to "Current". Following this the company will return to the Form-10 process and pursue uplisting to OTCQB status.

This company is not a scam as others may imply. You need to ask yourself why would a scam company be able to acquire a $3 mil Credit Facility? Why would a scam company use some of those funds to acquire 100% of the equity interest in Master Lease? Why would a scam company continue to pursue approval of claim number 15 of it's patent application when in reality acceptence of 14 of 15 claims would have been adequate? The company has responded to claim 15 on or before 17 November 2012, as requested, and anticipates patent approval sometime thereafter.

Folk's IMO the company is headed in the right direction but you decide for yourselves. I wish everyone a Happy Thanksgiving!