Replies to post #19309 on Empire Energy Corporation Intl. (fka EEGC)

[Tech Master]

Good lesson on not believing anything in EEGC's press releases until it is proven to be true. jmo

[BobSinCA]

Mr. Bendall's June 2009 announcement of a credit line which would be used to finance EEGC -- an assertion repeated within SEC filings related to the failed Rights Offering -- was part of the series of 'pending finance' announcements to which I was referring:

continual announcements of pending finance which have to date not materialized.

Still looking forward to the 10-Q filing to figure out what happened during the RO, to result in 50% dilution with no cash. Which debts came off the EEGC balance sheet, taken on personally by Mr. Bendall and other directors? If Bendall/directors credit is viewed as better than EEGC by the debtors, no wonder EEGC can't raise money. Or -- why don't those with good credit (Bendall/directors) raise money, and provide to EEGC on favorable terms??

Smoke and mirrors from here, looking forward to someone clearing away the fog for the rest of us.