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ECUADOR GOLD AND COPPER CORP V.EGX

"Ecuador Gold and Copper Corp is a mineral exploration, mining and development company. The Company acquires and explores gold mineral rights located in Ecuador."


TSXV:EGX - Post by User

Post by BrendanCon Mar 09, 2015 10:25pm
135 Views
Post# 23504799

Tiger....

Tiger....Tiger,
    in addition to my link to a post i wrote a while back, he is the president of the football team. His father, Alberton and he won many companies through Latin America, the Carribean and even into the U.S. (Miami, Florida). He has been buying his shares indirectly through "Aura". He, and his family, are some of the wealthiest people in Ecuador. 

https://www.stockhouse.com/companies/bullboard/v.egx/ecuador-gold-and-copper-corp?postid=23432299

Also,
    I am not 100% sure, as the photo is blurred, but I believe this is him, Michel Deller,  toward the camera at a meeting with President Correa. This is a meeting for wealthy businessmen from Ecuador to take part in an aution of land parcels for exploration. The auction is supposed to take place over the next few months.



Also,
    I watched some of the brief panic when somone had saw Laing sold his 200k shares from last year. He is not required to post the transation (filing) with the SEC until 90 days prior to the fiscal year of the transaction. He could have done it the day after the transaction if he had wanted to but likely didnt just for that purpose... to avoid the panic of the CEO selling off $20,000 worth of shares. I think it was for compensation of services. Rightfully deserved after the updated results and he also went on a trip to Australia with his family so he possibly wanted some spending $$. Don't blame him for holding off in hopes of avoiding panic. Smart move on his part. I don't like that IR told me he never withdrew money but oh well... During the panic though, no one mentioned that the newcomer to EGX, Andrew LEE just happened to buy his stock options JUST after the PEA was to be complete???  Does this sound like a smart move on a bad PEA or before a PEA was released? I don't think so!! Why would he drop $50,000 on a company at .10 a share if EGX was no going anywhere? Be a silly move! And why not when he was issued the shares in September when he joined onto EGX? He new then that the PEA that we were told was coming in November had no intentions of being released because they didnt even have the cash to pay for it. So he was holding out for the PEA.... Also, why is EGX paying off their outstanding debt in shres? WHy would someone accept EGX's shares in lieu of Cash at .075-.10 if they didn't expect EGX to perform or have some sort of information from Glenn as to be persuaded into shares instead of cash? Notice they also arent updating their website. They have not removed their old board members or added new ones. This could be lack of funds to the web design company, or, it could be that they don't need to give any updated information. I guess time will tell. I spoke to Cathy and was told Glenn and Sean O'neill (The Lawyer) were all working together on projects. Sounds like hes moved on  from his coveted EGX. Lets hope so!! I expect we will see news soon. Shares were thinned out on lvl2's and looked good. It appears a few people got cold feet. 

   Do your DD tiger and GL! 
 
             Brendan 

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