In the meantime, watching the financial struggles of the company has been ... interesting. They have a long history of losses. Last year about this time they were in the process of conducting a reverse split at the suggestion of the AMEX. At the time, the stock price had slipped below 4 cents. EAG eventually completed a 1:35 reverse split. Unfortunately for them, the stock has continued to nosedive and was all the way back down to 18 cents as of 4/4/2007. Starting late in 2006, EAG was once again notified by the AMEX that they were failing to meet continued listing requirements, this time mainly for their shareholder's equity dipping so low and losses from continuing operations. In January 2007 EAG filed a response to the delisting notice. However, the plan for re-achieving compliance was rejected by the AMEX. EAG appealed that decision and was slated to have a hearing with the AMEX in late March. However, the day before the hearing EAG announced that they had decided to abandon their appeal and move over to the Over The Counter Bulletin Board exchanges (OTC:BB).

So, EAG will no longer be listed on the AMEX as of April 9, 2007. With the markets closed on April 6th for the Easter holiday, that means today, April 5th, is the last day for EAG to trade on the AMEX. After following companies that are so thinly traded as EAG and SCOX and watching them rack up millions of dollars of losses, it is interesting to watch them as they actually trade for a final day on a stock exchange. The question now is whether they will ever be able to resurrect themselves and move back onto an exchange in the future or will they continue their downward spiral with bankruptcy the seemingly inevitable result.