Replies to post #14545 on Empire Energy Corporation Intl. (fka EEGC)

[Howardhaftel]

The statement is misleading. Malcolm all by himself bought more then all the directors combined in the first round. It could have been worded better but what we have is what you got. More will come out later when the tab is complete. All the shares one way or another will be bought up at 7 cents and the full amount will be raised.

[BobSinCA]

So, what we know is that less than 20% of available shares were subscribed in the first round, and that in today's press release, Mr. Bendall is quoted but does not reiterate his commitment to take on all unsubscribed shares.

We are told that the directors bought all their shares -- but we are not told how many that is.

If Mr. Bendall is not committing to take up all unsubscribed shares, and only 20% were subscribed in the first round, from where do we think the dollars will come to buy $.04/share stock for $.07/share?

Are we missing something?

Howard, you always have insights, look forward to the explanation.