Whether it's a failing of intellect or ethics on your part is something only you know for certain, but your incoherent responses to factual and material input I've provided deem you irrelevant to a near-term evaluation of EGLO. Further, your constant inclusion of terms such as "scam" and "fraud" in reference to EGLO, something I've not ever done may make some think you protest too much. And as for your constant reference to an SEC investigation, I have no idea of what you're talking about, even though it sounds like you may have some experience in dealing with them.
Even if some significant events are going on at EGLO that might help turn this company around one day, the indisputable facts as taken directly from the company's most recent filings spell out seriously negative issues that should trouble anyone who bought shares on this recent run-up. They're are bleeding cash badly, will need a significant amount of new financing as a result, and in the meantime, we are seeing a huge increase in the number of shares outstanding as it moves toward the total current fully diluted number, which by the way, according to the company's latest 8-K is 50 million, before it distributes another 40 million for another acquisition it just announced.
Imagine, 90 million shares and growing! At $8 per share, that's an egregious $720 million market cap. As I've said before, some recent speculators in EGLO are getting a harsh lesson in supply and demand, and I believe we still have a ways to go. |
