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EGO at buy at !0c, page-33

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Willo76

90 Posts.

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01/12/15

00:41

Post #: 16515041
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Originally posted by bolat ↑

Just wondering,
As an individual investor, before the consolidation l had 26,100,000 now 261,000 which obviously does not put me in the top 20 and l'm guessing also not in the top 40 and l really don't give a rats behind because like most of you l did not plan to stay for too long.
The top 20 shareholders have more concerns regarding their investment than most of us because Ego in it's current financial state even though making a profit is not in any position to consider giving dividends to shareholders and by the looks of things will not be for many years to come. You would think part of investing huge sums of money in a company, you would factor in yearly profit taking, but the only way we can get any returns on our investment would be pending on a successful drill to push the share value up and that's not guaranteed.
l think it would be fair for me to say, some of the top 20 would have got their share's before the consolidation above 1.5 cents (after consolidation $1.50) and watched their shareholding in dollar value reduce to embarrassing figures. l believe they are more desperate for a successful drilling result of RGN.
So is the consolidation as said to be a strategy to attract institutions to invest in Ego to drive the share's up, or is it a strategy put in place by this board as an exit plan for the top 20, we already know ERM wants out.
l guess it all depends heavily on the outcome of this drill.
Just thinking out loud.

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The BoD want the same thing you want. They wouldn't have recently invested in the company if they were planning on leaving.

More than just the top 20 think the consolidation was a good idea.

Maybe they'll turn out to be right.

EGO Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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