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invest2002

08/09/10 9:31 AM

#16941 RE: gadawg22 #16940

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Howardhaftel

08/09/10 11:49 AM

#16945 RE: gadawg22 #16940

The stock price of EEGC says nothing! At this stage of the game the stock price only has two uses.

1- A very low price for an investor to accumulate

2- A market maker to make money on the spread and he doesn't care what the price is and will change it to stimulate or scare interest.

OK now what will move the stock price in a way that reflects the companies true prospects. The answer is A positive action such as:

Money from the rights offering, joint venture, additional leases, exchange upgrade, etc. but the most important is striking oil.