SCHEDULE 13D/A
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
11/28/17
1. NAME OF REPORTING PERSON
Bulldog Investors, LLC
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
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3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
DE
7. SOLE VOTING POWER
4,354,788
8. SHARED VOTING POWER
4,482,749
9. SOLE DISPOSITIVE POWER
4,354,788
10. SHARED DISPOSITIVE POWER
4,482,749
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
8,837,537(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.67%
14. TYPE OF REPORTING PERSON
IA
1. NAME OF REPORTING PERSON
Phillip Goldstein
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7. SOLE VOTING POWER
4,354,788
8. SHARED VOTING POWER
4,482,749
9. SOLE DISPOSITIVE POWER
4,354,788
10. SHARED DISPOSITIVE POWER
4,482,749
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
8,837,537(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[x] See footnote 1
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.67%
14. TYPE OF REPORTING PERSON
IN
Footnote 1: Excludes (a) 1,600,000 shares of common stock of the issuer that
may be acquired upon the exercise of warrants that vest and become exercisable
as set forth therein and (b) 5,039,334 shares of common stock of the issuer
that may be acquired upon conversion of 5.00% convertible notes that become
convertible as set forth in the convertible note indenture. The reporting
persons disclaim beneficial ownership except to the extent of any pecuniary
interest therein.
1. NAME OF REPORTING PERSON
Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7. SOLE VOTING POWER
4,354,788
8. SHARED VOTING POWER
4,482,749
9. SOLE DISPOSITIVE POWER
4,354,788
10. SHARED DISPOSITIVE POWER
4,482,749
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
8,837,537(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[x] See footnote 1
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.67%
14. TYPE OF REPORTING PERSON
IN
Footnote 1: Excludes (a) 1,600,000 shares of common stock of the issuer that
may be acquired upon the exercise of warrants that vest and become exercisable
as set forth therein and (b) 5,039,334 shares of common stock of the issuer
that may be acquired upon conversion of 5.00% convertible notes that become
convertible as set forth in the convertible note indenture. The reporting
persons disclaim beneficial ownership except to the extent of any pecuniary
interest therein.
1. NAME OF REPORTING PERSON
Steven Samuels
2. CHECK THE BOX IF MEMBER OF A GROUP a[ ]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) [ ]
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
7. SOLE VOTING POWER
4,354,788
8. SHARED VOTING POWER
4,482,749
9. SOLE DISPOSITIVE POWER
4,354,788
10. SHARED DISPOSITIVE POWER
4,482,749
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
8,837,537(Footnote 1)
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[x] See footnote 1
13. PERCENT OF CLASS REPRESENTED BY ROW 11
5.67%
14. TYPE OF REPORTING PERSON
IN
Footnote 1: Excludes (a) 1,600,000 shares of common stock of the issuer that
may be acquired upon the exercise of warrants that vest and become exercisable
as set forth therein and (b) 5,039,334 shares of common stock of the issuer
that may be acquired upon conversion of 5.00% convertible notes that become
convertible as set forth in the convertible note indenture. The reporting
persons disclaim beneficial ownership except to the extent of any pecuniary
interest therein.
Item 1. SECURITY AND ISSUER
This statement constitutes Amendment #13 to the schedule 13d
filed March 8, 2012. Except as specifically set forth
herein, the Schedule 13d remains unmodified.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) There are 155,907,399 common shares outstanding as of 11/1/2017,
per the 10-Q filed 11/2/2017. The percentages set forth herein were
derived using such number. Phillip Goldstein, Andrew Dakos and Steven
Samuels own Bulldog Investors, LLC, a registered investment advisor.
As of November 28, 2017, Bulldog Investors, LLC is deemed to be the
beneficial owner of 8,837,537 shares of EMGC (representing 5.67% of
EMGC's outstanding shares) solely by virtue of Bulldog Investors LLC's
power to direct the vote of, and dispose of, these shares. These
8,837,537 shares of EMGC include 4,354,788 shares (representing 2.79%
of EMGC's outstanding shares) that are beneficially owned by Messrs.
Dakos and Goldstein and the following entities over which Messrs.
Goldstein, Dakos and Samuels exercise control: Opportunity Partners LP,
Calapasas West Partners, LP, Full Value Special Situations Fund LP,
LP, Full Value Partners, LP, and MCM Opportunity Partners, LP
(collectively, "Bulldog Investors Group of Funds"). Messrs. Dakos and
Goldstein and the Bulldog Investors Group of Funds may be deemed to
constitute a group. All other shares included in the aforementioned
8,837,537 shares of EMGC beneficially owned by Bulldog Investors, LLC (solely
by virtue of its power to sell or direct the vote of these shares) are also
beneficially owned by clients of Bulldog Investors, LLC who are not members
of any group. The total number of these "non-group" shares is 4,482,749
shares (representing 2.88% of EMGC's outstanding shares).
(b) Bulldog Investors, LLC has sole power to dispose of and vote 4,354,788
shares. Bulldog Investors, LLC has shared power to dispose of and vote
4,482,749 shares. Certain of Bulldog Investors, LLC's clients (none of whom
beneficially own more than 5% of EMGC's shares) share this power with Bulldog
Investors, LLC. Messrs. Goldstein, Dakos and Samuels are control persons of
Bulldog Investors, LLC.
c) During the last 60 days shares of EMGC were sold:
Date Shares Price
11/20/17 (64,000) 0.3678
11/21/17 (111,800) 0.3692
11/22/17 (28,500) 0.3700
11/27/17 (363,200) 0.3862
11/28/17 (92,000) 0.3863
11/28/17 (289,000) 0.3800
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d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None
After reasonable inquiry and to the best of my knowledg,e
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 11/29/17
By: /S/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos
By: /S/ Steven Samuels
Name: Steven Samuels
Bulldog Investors, LLC
By: /s/ Andrew Dakos
Andrew Dakos, Member
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