wabbit, your responses are the mirror-image of those 3 wise monkeys - see no evil, speak no evil, and hear no evil.
So the following is a response for reasoned, non-board representatives, and those with an unblinkered approach.
you wanted facts.
well try this one.
The Consolidation was the dumbest move ever inflicted on EGO shareholders.
In my opinion, It was based on the ego of the board. (pun intended).
They stated that a consolidation would:
- improve liquidity of shares
- lead to an improvement of SP
- attract Institutional shareholders
- benefit shareholders.
All of the above was rubbish.
And what angers me, is that shareholders TOLD the board that the consolidation would cause a loss of M/C of EGO, and that the consolidation ratio was way too fierce - and they chose to ignore that advice.
Where is the liquidity?
where are these so called Instos?
yes I keep harping on the dumb consolidation decision, because it has had a disastrous impact on the m/c of EGO. One of a number.
the only reason the consolidation was voted thru, was that it was supported by ERM and Board.
That was not a vote of the belief of shareholders, just of vested interests.
But of course, all s/h have lost out big time.
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