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Register ASX Complaint - Waiver, page-40

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Disteric

83 Posts.

14/07/16

09:01

Post #: 18265509
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Originally posted by Harry3539 ↑

I think there maybe an all out attempt to discredit the board at every opportunity.

As a small investor I see nothing wrong with this loan compared to the Vib. Loan (independent party). I see the ERM deal as an actual acquisition of a substantial asset and the MIN loan as a "conditional acquisition" i.e should EGO default. I think the law would look at the "spirit" the loan was offered in and hence a waiver.

This is cut from a deal under U.K. Law, but I regard ours as instep with them (being part of the Empire an all).

"The issue of the Loan Facility and the Options is a related party transaction pursuant to AIM
Rule 13. The directors of the Company, having consulted with the Company's nominated
adviser, Canaccord Genuity Limited, consider that the terms of the Loan Facility are fair and
reasonable insofar as the Company's shareholders are concerned."

Ref :Empire n all

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"I think there maybe an all out attempt to discredit the board at every opportunity."

I'm going to have to agree with you Harry. It's getting pretty tiresome to be honest.

EGO Price at posting: 43.0¢ Sentiment: Buy Disclosure: Held
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