Sounds like "time will tell" has replaced the previous calls for "patience" here. Do you think that massive dilution for something that is undocumented instead of the promises of reduced debt and drilling working capital paints a positive picture for EEGC? There was $4,000 in the bank end at the quarter and there is now a record level of debt on the books.
"More time" has been detrimental to shareholders in 2010. The share price has been cut in half despite the market climbing to two year highs, the number of outstanding shares has doubled (cutting the shareholder equity value in half again), the debt level is crushing and they have no money in the bank.
A stellar performace for the year.... not. jmho
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