The board get an A+ for looking after ERM/Garret who own 31-33%, remember Garret has friends who invested with him that would be over 10% between them.
A+ for board controlling and doing when and what they want.
A+ for Tony who has managed to hold onto independent Chair.
A+ basically as they only have to communicate and look after 35-40% of the biggest holders. They have worked well to rid themselves from annoying retail holders. They don't need to reply email us any longer.
F for consolidation, marketing, communicating to retail holders which is 60-65% of the total base. (Once they get farmin then we have no say any longer then we will all be a big FFFFed, think about why they want this so urgently.
They would be very concerned about 65% who are against them. That's why they need farmin to secure their postions and remuneration. If we want change we have to do it soon.
If and when ERM sell out as we all know that they do. Only a matter of time before Garret and his friends get annoyed and start feeling our sentiments. Our board would understand this clearly and I can not see this team as we know it here at next AGM. They have to restructure the communications and drastically improve on many levels and SP has to go over a $1, can't see it happening this year so they are worried as they know this.
Finally another big F for unlocking value, F to ensuring profits for holders, just can't see it, short, medium and long term. The incorrect false method and reasoning of this consolidation was such a F failure.
EGO Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
