The Fear porn started early in 2022.. I was asked
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Posted On: 01/01/2022 1:48:34 PM
The Fear porn started early in 2022.. I was asked a question about RS and this is a list of reasons why that isn't going to happen in my view. Thought I would save it to this board so that when it gets deleted there is a bit of a record. Cheers.
Great question and that didn't take too long for that RS question to come up lol. I have no concerns about an RS and I see that misguided notion has been suggested here just yesterday. ( Also noteworthy is that he stated that he/she just sold his/her position in EGOC) He was wrong in his/her assessment of that new rules deadline not being met in time to stay on the OTC back in September and he/she is wrong about this new fear porn! Here are just some of the reasons that I do not subscribe to that flawed thinking that has been suggested here yesterday. *** Special note these are my opinions based upon my research of Historical documents that are available for all to review. Each should do their own DD!
1) Because "Curios" warned all of us yesterday about his believing that they would reverse split. Noteworthy is his post count to date and also that he stated he sold his position or sold his shares of EGOC yesterday. Motive might be in question!
2) If you go back and read some of the articles concerning who's who in the network of companies supporting the EGOC up listing to Nasdaq you will find statements that were publicly made that said all of the companies or some of them (paraphrasing from memory) were in their own rights worthy and presently able to list with their current situation .. In other words they apparently already meet the nasdaq listing requirements in their own right. EGOC apparently has mega support from the government and companies in china to get the uplisting done. Their words not mine! Again working off of memory and generalizing!
3)I see the current share structure to be perfect for the "dual or secondary listing" that they indicated in press releases last summer as their somewhat immediate and short term goals along with their 5 year revenues and net worth predictions that were hugely impressive. I believe that a reverse split (that is being promoted here by a single person that clearly stated that he sold his shares yesterday) is not in the companies plan going forward. They probably picked EGOC as their vehicle because the share structure is perfect to either split it in half where half are traded here on our US stock exchange and the other half traded on the Hong Kong exchange. No need to add or subtract shares in order to achieve their stated goals of uplisting to Nasdaq and returning to the Hong Kong Exchange as they stated in their press release!
4)EGOC recently announced that after the name change ticker change is completed they will then vote in a new guy to the board. One of his primary stated objectives is to increase share holder value. I think that it is safe to say that a RS is not something that he would want to even think about as that would not be in the best interest of those in China that recently became share holders and the share holders in the US. Nuff said there!
5) If you remember a couple of months ago there were some translated articles that came out from China where EGOC/ Pang Bo Group were giving out "original shares" of EGOC to their people and selling them EGOC shares promoting their stated uplisting goals and also returning to the Hong Kong Exchange. They apparently have no intentions of doing anything hoaky with share splitting as a result of their actions and statements to date! They are the ones that know what their EGOC is going to entail and they already know that they will qualify for Nasdaq and the Hong kong exchange. Very confident indeed!
6)One person recently suggested this split scenario after selling his position in EGOC. Normally when one sells a stock they don't go out of their way to poooo pooooo on said stock unless their intention is to get people to sell so he/she can buy back in. Normal investors just move on to their next investment without trying to destroy or create confusion on their old stock comment boards and their investors. So I believe this is just an effort to get back in cheaper knowing that EGOC is going to move up in a big way. Just a flipper in my opinion! Does that kind of behavior happen? Yes and quite often. Sadly.
7) That person bases his opinions of RS solely on not being able to find financials or other information or floating financials from as yet unproven sites or companies that may or may not have anything to do with EGOC. and then saying that they would have to do a RS in order to achieve the requirements of that uplisting to Nasdaq etc. Previous articles concerning the high rolling companies with high financial support would indicate that poster is completely and utterly wrong in his beliefs once again! He/She has no idea what the new companies assets are, income is, what companies will be under the EGOC or ECEN ticker symbol yet ..etc etc. Those companies are private companies from what I have seen and as such their financials are not typically put out for all to see. There is no mystery to that fact and yet the chief reasons for his/her flawed assessments are things that he can not know for sure.. YET.
Like I said the information that has come out of China concerning company statements and their actions along with the companies that are backing EGOC's listing are quite extensive and impressive and I don't believe that Pang Bo Group and affiliated companies would stick their necks out and make such statements if they didn't already meet the requirements to uplist and also do a secondary or dual listing on the Hong Kong Exchange!
I am sure that I am leaving out a lot of reasons but so far I have a pretty good batting average with this Reverse merger and their progress and what they intend to do going forward.
As usual it is up to each individual investor to weigh the upside and downside here. I see huge upside and I also believe that the current pps is way under valued given all of the available information to date. I believe that the current pps is very very low and the catalysts that are coming down the road at 90 miles per hour is going to make EGOC probably one of the biggest gainers in the market for 2022! I am confident in EGOC going forward. JMO
Great question and that didn't take too long for that RS question to come up lol. I have no concerns about an RS and I see that misguided notion has been suggested here just yesterday. ( Also noteworthy is that he stated that he/she just sold his/her position in EGOC) He was wrong in his/her assessment of that new rules deadline not being met in time to stay on the OTC back in September and he/she is wrong about this new fear porn! Here are just some of the reasons that I do not subscribe to that flawed thinking that has been suggested here yesterday. *** Special note these are my opinions based upon my research of Historical documents that are available for all to review. Each should do their own DD!
1) Because "Curios" warned all of us yesterday about his believing that they would reverse split. Noteworthy is his post count to date and also that he stated he sold his position or sold his shares of EGOC yesterday. Motive might be in question!
2) If you go back and read some of the articles concerning who's who in the network of companies supporting the EGOC up listing to Nasdaq you will find statements that were publicly made that said all of the companies or some of them (paraphrasing from memory) were in their own rights worthy and presently able to list with their current situation .. In other words they apparently already meet the nasdaq listing requirements in their own right. EGOC apparently has mega support from the government and companies in china to get the uplisting done. Their words not mine! Again working off of memory and generalizing!
3)I see the current share structure to be perfect for the "dual or secondary listing" that they indicated in press releases last summer as their somewhat immediate and short term goals along with their 5 year revenues and net worth predictions that were hugely impressive. I believe that a reverse split (that is being promoted here by a single person that clearly stated that he sold his shares yesterday) is not in the companies plan going forward. They probably picked EGOC as their vehicle because the share structure is perfect to either split it in half where half are traded here on our US stock exchange and the other half traded on the Hong Kong exchange. No need to add or subtract shares in order to achieve their stated goals of uplisting to Nasdaq and returning to the Hong Kong Exchange as they stated in their press release!
4)EGOC recently announced that after the name change ticker change is completed they will then vote in a new guy to the board. One of his primary stated objectives is to increase share holder value. I think that it is safe to say that a RS is not something that he would want to even think about as that would not be in the best interest of those in China that recently became share holders and the share holders in the US. Nuff said there!
5) If you remember a couple of months ago there were some translated articles that came out from China where EGOC/ Pang Bo Group were giving out "original shares" of EGOC to their people and selling them EGOC shares promoting their stated uplisting goals and also returning to the Hong Kong Exchange. They apparently have no intentions of doing anything hoaky with share splitting as a result of their actions and statements to date! They are the ones that know what their EGOC is going to entail and they already know that they will qualify for Nasdaq and the Hong kong exchange. Very confident indeed!
6)One person recently suggested this split scenario after selling his position in EGOC. Normally when one sells a stock they don't go out of their way to poooo pooooo on said stock unless their intention is to get people to sell so he/she can buy back in. Normal investors just move on to their next investment without trying to destroy or create confusion on their old stock comment boards and their investors. So I believe this is just an effort to get back in cheaper knowing that EGOC is going to move up in a big way. Just a flipper in my opinion! Does that kind of behavior happen? Yes and quite often. Sadly.
7) That person bases his opinions of RS solely on not being able to find financials or other information or floating financials from as yet unproven sites or companies that may or may not have anything to do with EGOC. and then saying that they would have to do a RS in order to achieve the requirements of that uplisting to Nasdaq etc. Previous articles concerning the high rolling companies with high financial support would indicate that poster is completely and utterly wrong in his beliefs once again! He/She has no idea what the new companies assets are, income is, what companies will be under the EGOC or ECEN ticker symbol yet ..etc etc. Those companies are private companies from what I have seen and as such their financials are not typically put out for all to see. There is no mystery to that fact and yet the chief reasons for his/her flawed assessments are things that he can not know for sure.. YET.
Like I said the information that has come out of China concerning company statements and their actions along with the companies that are backing EGOC's listing are quite extensive and impressive and I don't believe that Pang Bo Group and affiliated companies would stick their necks out and make such statements if they didn't already meet the requirements to uplist and also do a secondary or dual listing on the Hong Kong Exchange!
I am sure that I am leaving out a lot of reasons but so far I have a pretty good batting average with this Reverse merger and their progress and what they intend to do going forward.
As usual it is up to each individual investor to weigh the upside and downside here. I see huge upside and I also believe that the current pps is way under valued given all of the available information to date. I believe that the current pps is very very low and the catalysts that are coming down the road at 90 miles per hour is going to make EGOC probably one of the biggest gainers in the market for 2022! I am confident in EGOC going forward. JMO
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What I post is my opinions and thoughts based on my research. Please do your own DD before buying or selling any stock. I am just as capable as the next guy in making good or bad investment choices! We win a few, we lose a few. That is the nature of the game!
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