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Gold/Mining/Energy : EFCR - Energy Producers, Inc. (Firecreek) -- Ignore unavailable to you. Want to Upgrade?

To: Harold S. who wrote (587)	2/15/2006 10:40:40 PM
From: rrufff	Read Replies (1) \| Respond to of 841

Seriously, how can you invest or even gamble when you have no clue as to the capital structure here? It's one thing not to know if they will ever have any oil. You have some basics on which to start.

To: Harold S. who wrote (587)	2/15/2006 10:42:20 PM
From: rrufff	Read Replies (1) \| Respond to of 841

Am I reading those Forms 4 right? millions and millions of shares "for services?" Do you think they should be rewarded for shares "for services" when the stock price has been tanking?

To: Harold S. who wrote (587)	2/15/2006 10:44:50 PM
From: rrufff	Respond to of 841

Wow - just because shareholders suffer doesn't mean the insiders should. Looks like the insiders think this is worth no more than .025 Reduce the price for them. Get 'em cheap. ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. AMENDMENT TO ADVISORY AGREEMENT On January 30, 2006, EGPI Firecreek, Inc. (the "Company") approved the extension and modification of an advisory agreement with Mr. Steven Antebi, as amended ("Advisory Agreement") dated July 12, 2005. The Advisory Agreement was amended to (i) reduce the listed strike price of a certain previously issued Warrant from $.06 per share of Common Stock to $.025 per share ("2005 Warrant"); (ii) provide for the issuance of an additional three (3) year warrant to purchase 4,000,000 shares of common stock at $.05 per share ("2006 Warrant") including certain registration rights for the underlying shares of common stock; (iii) contain certain voting provisions for all shares available to be voted; and (iv) extend the term of the Advisory Agreement for a period of (16) months. The Advisory Agreement further provides that the 2005 warrant will be exercised for cash upon signing, which occurred on January 30, 2006. As a result, the Company received $100,000. The shares of common stock underlying the 2005 warrant were registered on the Company's Registration Statement on Form SB-2, declared effective in September 2005. The Company is preparing a Post-Effective Amendment reflecting this adjustment to the 2005 Warrant. The revised terms of the July 12, 2005 Warrant are listed in Exhibit 10.4 to this Current Report.

To: Harold S. who wrote (587)	2/15/2006 10:49:07 PM
From: rrufff	Read Replies (1) \| Respond to 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,