Short version I think you are spot on. We will find out soon . I believe they had a plan for those shares even before they bought EGOC or signed on the bottom line. Keep in mind that information was available to all parties. Pangbo Group has some pretty heavy hitters that they work with that specializes in new listings, IPO's , reverse mergers and all of the incidentals that would be expected to happen along the way. I am reasonably sure they had a plan in place back then and they are still following that plan! cheers.
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Energy 1 Corporation (EGOC) Stock Research Links
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!