Ann: Empire Completes $46.8 Million Capital Raise, page-10

Right now there is no certainty we won’t all be dragged into a sale at a set price well before those revised NPV figures are realised at significantly discounted amounts.

it’s pretty clear that institutional investors are favoured heavily and that minority shareholders (who helped keep funding this company after the US shale play disasters) have long outlived our usefulness.

This was a massive CR, and it happened very fast and quietly with no explanation as to how funds are to be used. An announcement on that surely would have softened the blow

Currently my shares are worth less than 15% of the hundred of thousands invested. So far there has been no upside and bucketloads of potential and promise but in reality death by a thousand papercuts.

Yes, it may represent good value to new investors, but to long term shareholders I think the best we can now expect is still cents on the dollar for initial investment, decreasing with each cap raise.

I’ll hold my shares till the end, but never buy another again of EEG.

there is just too much optimism on this stock and not enough realism.

just my rather frustrated 2c