Posted On: 09/24/2015 9:52:20 AM
Post# of 63859
EEGC - Word is that an Investors group with big money and in the oil and gas exploration business has purchased approx 75% of EEGC and Malcolm is no longer in control. Thats good since the chances with Malcolm still in the CEO seat has a snowballs chance in hell to be granted a lease. However there is a new Government in place and a lease or leases granted to the new EEGC would greatly benefit the country. It would created revenue in taxes and generate employment which the rate of unemployment has jumped up. It is now likely that a lease or leases will be granted with performance reporting as a requirement. It would be a win / win situation for the company, the country and best of all for the stockholders. This is the latest information I have received.
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