origin notes , page-39

Hi 77 Anthony,

What posters are failing to realise here, is that the current deal paid/offered to ESG is at fair metrics and definitely better than the one that has been offered to BOW's shareholders. IMO it is at least three time better.

And, what posters are also failing to realise, is that the offer to BOW shareholders is based on the same principles (SoA) as for ESG, and that the BOW Board has also recommended to their investors that the offer should be accepted.
And YES, BOW has hoodles of cash money in the Bank as well that could be used to upgrade their proven resources.

As such, I have come to the conclusion that, IMO, I believe that the problems rest with the non disclosure by ESG to It's investors. Not in the offer itself.
For, if we were to be properly made aware of all our past problems by our Management and Board, instead of leading us up the garden path while painting pictures that weren't there at all to be painted, we wouldn't have been in the predicament we are in now.

It is also my opinion that, at some stage or another prior to the offer coming out in the open, STO would have called a meeting with the ESG Board, and told them that enough was enough, and for them to move aside. After all STO was continuoulsy spending money to keep thing going with ESG as well, and may have realised that they weren't very happy with the results, and the ways that thing were unfolding.

What leads me to believe in that way, is that there were no real discussions of anything just prior to the offer being put on the table. One day we were going along in our merry ways while waitng for thon the table, (Miserable one) and nothing else, with of course an unanimous recommendation by the full Board that we accept it.

Something is not right there, and to me it is a bit smelly.

IMHO, we have been led by the nose for a very long period of time, FOR NOTHING !!

Think about it.!!!

One more thing if I am allowed to say it. And that is, that if the offer is refused, shareholders should be well prepared for a slaughter. Unless of course anther offer will immediately come in.
And don't forget that STO cannot alter the offer to ESG. It is for ESG to approach STO to alter the bid and make it more acceptable. But, time is the factor here as well.

Regards to all.