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Gold/Mining/Energy : EFCR - Energy Producers, Inc. (Firecreek)
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To: Harold S. who wrote (587)2/15/2006 10:49:07 PM
From: rrufff  Read Replies (1) of 841
 
Do you know what a toxic share structure is?

Looks like there is no way to figure out how many shares you'll be competing with in your "gamble."

Good faith estimate means - lots of shares each time they do a new registration.

Can you say "billions"?

this SB-2 is based on .053 and, of course, the stock has tanked about in 1/2 from that.

(1) The shares of our Common Stock being registered hereunder are being registered for resale by the selling stockholders named in the prospectus. In accordance with Rule 416(a), the registrant is also registering hereunder an indeterminate number of shares that may be issued and resold to prevent dilution resulting from stock splits, stock dividends or similar transactions. The number of shares of our Common Stock registered hereunder represents a good faith estimate by us of the number of shares of our Common Stock issuable upon the conversion of the callable secured convertible notes. For purposes of estimating the number of shares of our Common Stock to be included in this registration statement, we calculated a good faith estimate of the number of shares that we believe will be issuable upon conversion of the callable secured convertible notes to account for market fluctuations, anti-dilution and price protection adjustments. Should the conversion ratio result in our having insufficient shares,
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