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Bullboard - Stock Discussion Forum Encore Renaissance Resources Corp V.EZ

TSXV:EZ - Post Discussion

Encore Renaissance Resources Corp > lots of shares traded
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Post by ERIC2221 on Jan 24, 2011 10:59pm

lots of shares traded

over the last 3 or 4 months...everybody whos a somebody is  getting out.....lots of volume at a steady 7 to 7.5 cents...now down to 6 cents....thought maybe they would run it up to 10 cents to cover the last pp of 13 million shares....guessed wrong!...it has been in progress for a long time now...by the way Management has been dumping....this has been a  very well...mismanaged company....wondering why it has done nothing for over a year....I see why its taking so long to announce a Reverse Split...the pigs are at the trough...gonna fill their pockets at the next AGM...over 26 million in options they are filling up with...I see these pigs walking the sp down to 1 and a half cents....at 10:1 we get a new name... Encore Number III........or should they call it..... Bend Over?......it opens at 15 cents.....26 million outstanding shares.....another private placement 20 million at 15 cents...is $3 million ...oh and the 20 million warrents......so right off ther bat were at 66 million O/S and the pigs have 65% of the outstanding shares...its a ponzi scheme that keeps on giving...legal too!...maybe because us dosile Canadians just put up with it...maybe its time retail share holders did their Own PP to fund legal council and stop these pigs once and for all....this will be the second reverse split and name change in how many years?......JIMHO.......only because its my third time this year I have lost to this ponzi scheme........I am not an expert, but I did stay at a Holiday Inn Express, last night!!!!!!!
Comment by kel882 on Jan 24, 2011 11:17pm
This post has been removed in accordance with Community Policy
Comment by jesseB4 on Jan 25, 2011 1:15pm
    Maybe the shareprice is down due to the overall markets being down today. But to add to that the management isn't helping either.jesse
Comment by Steepers on Jan 25, 2011 2:10pm
For these reasons.1) bonaparte news has suddenly become dead. So is it real or not real?    If it was that good they would be talking it up and raising money.2) Tons of shares-a reverse split is possible but it won't help.3) Has no money but is still ready to encumber itself with more obligations       in a dubious African situation which it might ...more  
Comment by profiteer2 on Jan 25, 2011 2:33pm
I'm out now but I'm still keeping my finger on this one in case we get a decent news release. As for why it is down, many of the reasons have already been stated. But the one thing that I find most disturbing about this company is that i don't know why they didn't go forward with conventional practices in the first place with Bonaparte and get themselves an NI-43-101 resource ...more  
Comment by kingcarter on Jan 26, 2011 8:31pm
"4) At this point the shareholders deserve a summary of the state of affareswith som eidea of reservs and/or drilling activity if any."FYI, EZ doesn't drill to determine a resource and produce a 43-101.According to them they are not drilling at all they are "just going to do it" (I forget who said it and in what NR .. but that's what they said). Apparently they are old ...more  
Comment by kingcarter on Jan 26, 2011 8:36pm
lol ... did a google search of "encore renaissance" "do it" ... and this was the first hit. https://www.stockhouse.com/Bullboards/MessageDetailThread.aspx?sv=2&p=0&m=27916619&r=0&s=EZ&t=LIST There you go ... short answer, they didn't want to wait 10 years to get a mine going. They wanted to do it on the go. Can anyone say: GENIUS!& ...more  
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