Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Scott Shaw who wrote (3877)	12/3/2003 4:38:49 PM
From: lostmymoney	Respond to of 23958

Well, Ken, INAP turned south on us also, along with the market..NASD went over 2000 for a minute. LOL.... Thats life <GGGG> Mikey

To: Scott Shaw who wrote (3877)	12/3/2003 6:20:25 PM
From: Jibacoa	Respond to of 23958

Re: EGSR One question: Are you related to George ? <g> The stock presently has resistance at the $0.30 level and then its June-July double top at $0.49 The recent higher volumes have been on the down side.(On September 19 283.9K from 0.17 to 0.14 and on October 7 164.5K from 0.18 to 0.17 <g> Before it can start moving, the stock needs to get off from its present down trend that started from the H on July 1 Bernard

To: Scott Shaw who wrote (3877)	12/3/2003 7:04:56 PM
From: Ditchdigger	Read Replies (2) \| Respond to of 23958

ESGR: "As of July 31, 2003 the Company did not have sufficient funds to pay its liabilities of $1,157,177, which amount includes loans from shareholders as well as unrelated third parties. With the exception of loans from George Shaw, the Company's President, all of the Company's loans are past due and in default. Mr. Shaw, who was owed $586,184 by the Company as of July 31, 2003, has advised the Company that he will not seek the repayment of his loans prior to December 31, 2003" I see there was a private placement of 2 million shares and 2 million warrants in exchange for $300 grand.. " Each share purchase warrant entitles the holder thereof to purchase one additional common share in the capital of the Company at a price of $0.20 per share if exercised during the first year or at a price of $0.30 per share if exercised during the second year." Looks like alot of overhang, with the possibility of a lot more to come in exchange for the defaulted debt. After drilling I noticed immediate well stimulation Was being performed on the 5 wells. Is this common to the area? Do the wells have short life spans? TIA. DD PS: I see the acq. of properties and wells done in August will also result in a bunch of dilution "The properties were acquired from three private corporations for $3,000,000 in convertible notes. The notes bear interest at 8.5% per year and are due in August 2023. At any time prior to August 1, 2023 all or any part of the unpaid principal or interest may be converted into shares of the Company's common stock on the basis of one share of common stock for every dollar of note principal or interest converted."