EGO 0.00% 12.0¢ empire oil & gas nl

Why 100:1?, page-217

  1. 1,525 Posts.
    lightbulb Created with Sketch. 16
    Hi Rodney,
    Remember, when this new management took over our share price was around 01.6 cents which came down from 04.8 cents, shareholder value was a priority, 2 years later, our s/p went down to .004 cents, now as if that wasn't bad enough, this management told us we needed to consolidate our shares, 1.) to reduce costs, 2.) it would attract Institutions and other large investors,
    We don't really hear much from management regarding the consolidation and whether, if it's going according to their plan, or why, we haven't seen any interest from institutions, all we hear is from a couple of unconditional Board supporters, whom just keep telling us to relax and how its all going to get better but they themselves are too blind to notice that our share value has dropped a good 40% after consolidation. you do the maths. This Board and management group has failed their shareholders, they basicly kicked us in the guts.
    They have forgotten about the shareholders, we don't exist, just send them an e-mail, see if you get a reply.
    Enough said
 
watchlist Created with Sketch. Add EGO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.