Evergreen Energy – Mahoney Bails Out

In another middle of the night PR Evergreen Energy (EEE) announced the resignation of  Miles Mahoney as President.  Mahoney was only at EEE since April 2009 but apparently got wise pretty quickly to what was going on at the company.  In the past couple of weeks EEE had been actively traded and at one point reached $0.26 cents.  The surge had no basis in fact or fundamentals and just continues a pattern of manipulation that had been the rule for years.  Maybe this time it has something to do with two Canadian based "research" firms initiating coverage of EEE, and some ridiculous internet rumors being bandied about.  This sham company has absolutely nothing going for it and Mahoney knew it and so should any serious investor.

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