Replies to post #62957 on Energy One Corp (EGOC)

[casper6]

That is about 1 of the stupidest posts ever. No one in their right mind buys a stock on the way to the expert market with a 99% chance of much lower prices to come, and a 95% chance this will be a dead ticker for at least a couple of years if not longer. I would almost bet this was traded on the timing of previous filings & events as they unfolded from an in-the-know and was nothing more than a hyped-up scam to begin with.
2nd. I read an article where an attorney advised companies NOT to make any transactions to claim "not a shell" as a short-term "fix" not to be delisted to circumvent the "new rules" that were put in place and appears was probably done here as a potential regulatory issue among glaring others.
Let's take your previous example of throwing $5000 at the dart board on each of 5 stocks which is insane imo unless your name is Bozo Lucky..
Egoc was bought at .005 1 Million shares 5 Grand. You now have 4000 shares after r/s worth $232 and would now take $1.25 just to break even. If the shares were sold now and bought back at the first sign of any life at .0001 which is a strong possibility, would be 232,000 shares. Simple math.
stupid is as stupid does.

[casper6]

"There are 50,000,000 shares of preferred stock, par value $0.001 per share, with 10,000,000 shares of
preferred stock designated as Series A-1 Preferred Stock. Each share of the Series A-1 Preferred Stock is
convertible into 1,221 shares of fully paid and nonassessable shares of common stock, at the option of the
holder. The Series A-1 Preferred Shares are entitled to vote as if they were converted, i.e., the holder is
entitled to 1,221 votes per each share of Series A-1 Preferred Share that they hold."

THEN,
YES, these were reduced in the r/s 1 for 250 but still basically free shares.

"August 18,
2022
New Issuance 11,763,000,000 Common $0.000038256 Yes ZH Pangbo
International
Group Limited
(Note: Chuanyi
Liu is the control
person of the
above entity)
Stock-based
compensation
Restricted Rule 14 "

What is so great about a share structure with the potential for massive dilution if and when it it ever put back into play?
-------------------------------------------
My expectation is EGOC will be revoked @ Nevada SOS after 2 years being in default.

File Date Effective Date Filing Number Document Type Amendment Type Source # of Pages View
02/27/2023 02/27/2023 20232982672 Annual List

Takes you to 02/27/2025

Then a custodian process could take many months or more. Then regulatory scrutiny.

There are others with MUCH better share structure already revoked if you were throwing darts at garbage, and would be LESS time involved waiting for any revival.

[martymech]

Yes Starlingchaser, Spot on!!
I personally would not sell and anticipate a good outcome down the road a bit. We have waited this long I see no reason to not wait this one out. As mentioned all should make up their own minds (I think most all have already done that) and To each their own I say.