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  4. Energy 1 Corporation (EGOC) Message Board

Will someone please tell Harbor on iHub that the 3

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Post# of 3400
(Total Views: 137)
Posted On: 04/21/2023 9:47:47 AM
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Posted By: TheSummerMan
Will someone please tell Harbor on iHub that the 32.7M shares was not «to pay some bills. »

They were settlement with Raymond Brown of the old EGOC. Conversion of preferred shares that for whatever reason could not be canceled. The good news is these also got split along with ours so it’s not a big deal.

This is the reason the name change didn’t happen when they wanted to, and I have a very strong suspicion that this has caused a number of hold ups along the way. The other good news is that this is, like the reverse split, is in the rear view mirror.

If someone can clear this up, thanks very much. Be nice about it. This poster is on our team but does no homework and doesn’t know much about EGOC. Using phrases like « pay some bills » makes it sound like Pangbo is hard up for cash, but that is most certainly not the case.

Think of all the expenses over the last 2 years to get this shell and get it ready for use. They never diluted and instead fronted all the cash for the expenses.


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