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QuestionMan

05/12/09 9:00 AM

#4754 RE: goingUPagain #4753

Reverse Split... I think that EEGC should do a reverse split. This would effectively halve the number of shares everyone owns but double the value of the remaining shares. Effectively we would all have the same amount of money (the new shares would be around 0.08) but the value of each share would be slightly above the rights offering (0.07). This would hopefully encourage people to go all in on the rights offering, thus raising the necessary capital to drill.