Why is the market ignoring EGO?, page-53

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healyn

5,453 Posts.

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17/02/16

14:12

Post #: 17043012
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Originally posted by Singa71 ↑

Healyn when is this story ever going to be realised by all holders. We have had so many great announcements, still more detail required into these. BUT SP continues to fall. Unbelievable that some posters on here blame HC and holders negativity. We are all here to make money. Our board is responsible and no one else.

The fact of the matter lies with the boards action. Lack of understanding regarding the serious consequences to this consolidation level, timing of and importantly told market 12 months prior to doing this consolidation has all played a major part of why we are falling. Still doing the same announcing many months before anything happens, we will be in for more Cap raisings to come. I believe this is their strategy to keep SP down until debt re paid.

The board are responsible for our situation. Ask yourself why they continue to announce many months in advance of consolidating and future cap raisings. Seriously what chance does our SP truly have.

I will always support change and it can't come soon enough from my perspective.

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There is one director that has had experience with a share consolidation in a company that he was once a board member.
You may ask where did the share price go?
Answer. Down!

Did he speak up when consolidation was considered by Ego's board? We will never know but the result is evident.

EGO Price at posting: 33.5¢ Sentiment: Hold Disclosure: Held
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