ECUADOR GOLD AND COPPER CORP V.EGX

What will happen tomorrow?

[Viper31]

I have been talking to some people who are invested in this stock and saying they will not sell and may buy more. I def won't be selling and may buy more before the consolidation kicks in or after as it really makes no difference. Iam still 100% confident this company will be sold for a solid price and making us longs happy.

[BrendanC]

Agreed.

[riskmanager]

I won't be selling any shares either, but i have no intention to buy more. Need to see whats happening with the company before. Why buying it at 0,025$, when the SP will be at 0,15$ (0,015$) very soon? GLTA RM

[SK0009]

Agreed, why to waste 1 cent even when you don't need to. Can't invest more in this company until it start doing real work. Talks are cheap. I don't wish this to happen but don't want to cry after 2 years, oh I lost my money, i shouldn't have invested in company like this etc.

[SK0009]

We will not have to wait for long. If you are thinking that people will buy more before consolidation than volume will be higher through out the week & SP should go higher and should cross. 03. If this doesn't happen then it will be an indication that investors are watching but not investing until they hear something good from EGX & based on that some smart investors will make their

[nightcrawler000]

I'm sorry, but at this time, why would anyone be looking to buy? My belief is that many people may pull chute this week as they realize that this process is going to take longer than what we believed. What benefit is there to buying now? Where is the motivation? We can pump as much as we want, but the most likely scenario will be to dump. I have said that I have had a bid in at half a cent

[SK0009]

Looks like EGX is trying to raise salary cost from would be new debanture buyers (not sure who will buy, knowing that principle amount may never come out) as they alone don't want to take all the burden and trying to fund their salary at someone else's cost. And if they don't deliver quickly, chances of selling company will be very less as nobody will buy the debt.

[BrendanC]

It doesnt matter if they do a 10:1 or a 5:1... the end sale still nets you the same amount of money.  The difference is that institutions won't show a .02 as a blip on a screen with 257 million shares out. If we are sitting at .20 we have a way better chance with only 25 mill shares out. These exploration companies dont have fundamentals so the only way your going to see $1,00 was on a