Is it because he's one of the insiders behind this palpable pump and dump scam, and as he got his shares free anyway, he doesn't really care what he gets as long as he gets something?
After all, as I think we all know by now, EGOC is a pump and dump scam of the most obvious but egregious sort:
EGOC is run from North of the border by well-known penny stock scam recidivists Jean François Amyot and Ian Morrice, and has no real technology and no real business model above and beyond stealing the money from private retail investors pockets' and putting it in their own.
"Insider Trading Warning This company may not be making material information publicly available.
If you are an affiliate, employee, insider, or any person in possession of nonpublic material information about this company, please be advised that buying or selling this security may constitute trading "on the basis of" material nonpublic information prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators of these laws are subject to civil and criminal penalties.
What is insider trading?
Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security.
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if that person is "aware" of the material nonpublic information at the time of the purchase or sale.
Affiliates, insiders, relatives, or other persons in possession of material information should use extreme caution when buying or selling securities on the basis of material information, particularly in securities where the company is not making adequate current information publicly available as a matter of practice.
Why does OTC Markets display this warning?
Companies that are identified on otcmarkets.com as having “No Information” may be placing their shareholders at risk of violating 10b5-1 insider trading rules. OTC Markets recommends that investors wishing to place a trade in such securities contact the company to verify it is making adequate current information publicly available."
EGOC is a pure scam. If you're not a day trader with a hugh tolerance of risk and more than your fair share of luck who doesn't mind supporting the mafiosi behind this criminal conspiracy, then you should probably stay away.
However, one thing Monsieur Amyot does have on his side is ownership and control of penny stock scam promotion outfit IAB (ItsAllBull) Media, which gives him ready access to a pool of undisclosed stock promoters who can post false claims about the prospects for EGOC all over the -ahem- Internet. Watch out for those EGOC promotion guys - they'll urinate in your ear while telling you that it's raining, and at the same time pickpocket you while you're distracted by your wet ear.
Two other huge red flags:
The patent EGOC claim to have applied for is untraceable via the official US Government site for patents:
Just to remind you, the number given by EGOC for that patent is 12/660565.
And here's the results you will get:
"Sorry, the entered Application Number "12/660565" is not available. The number may have been incorrectly typed, or assigned to an application that is not yet available for public inspection."
Plus the deliberate deception involved in the name that criminal gangsters Amyot and Morrice chose for EGOC, which is often used by EGOC promoters who pretend that the results and PRs of a legitimate company are those of fraudulent outfit EGOC.
Even the website was only set up to try to confuse people.
The company name was chosen because of its similarity to entirely legitimate company, Energy One Inc.
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