EGO empire oil & gas nl

Time to Rethink & Support

  1. 5,609 Posts.
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    Guys we have been through so much over the years, be great if we had some good times but let's be perfectly honest here our investment has performed poorly and currently sucks big time due to many reasons.

    Now once again our backs are against the wall with our company and the RG area especially our producing well RG1. What's apparent to me is many holders want accountability and heads to roll as they have every right to think. We finally want to see a positive validation of all those company promises (has been many) and our company willing to open the communication channels once again to holders. Communications are to URGENTLY improve!

    As any investor and business knows life's full of challenges and sucks at time but, the smart people work through the issues and act accordingly. Well that time has happened for me. I have spent many hours in discussions with many people re EGO. I have concluded the best decision is to listen, access info and then make a smart sensible decisions.

    Well I have not taken my decision lightly and that is to stop being negative and support our new CEO Angus. That is my commitment for the moment. We have serious issues to work through and I believe in our potential and the appointment of Angus, he has my support as should most of you.

    So I no longer support litigation, class actions or board spills. I am 100% ATM focused on supporting Angus. I personally do not or will not respect some on our team. However Angus demonstrates a very motivated commitment in rectifying our situation at RG1. Hopefully we achieve success, I am confident this well will not be a , ,PA well from where I see it we still have heaps of gas/oil there we just need success again to flow it. Hopefully Angus can deliver.

    Today I have given my support to EGO by not going through with 249's etc and strongly advise you guys do not pursue this as well. I believe one day will see success and sincerely hope respect is restore both ways. Our investment needs this open transparency and support both ways ASAP.

    We have some serious challenges and with Angus leading the charge and working hard for success it is now best to support rather than being negative. I would personally hope to see him leave at this stage, it's critical he stays and sorts this company out. I hope he is successful and in time we finally rid ourselves of a CEO and appoint an MD, along with some minor boards changes after this well is flowing again.

    Some of you would be shocked by my stand but I look at the big picture and believe that MIN are supportive as they indicated this to me last year and I see no reason not to believe this. So guys I will leave you all to ponder my actions and leave you to continue the fight against our resident serial pest. My advice don't respond and he will go away, continue to fuel it only angers many. This has to stop as personally I cannot stand the tit for tat.

    Guys I haven't taken this stand lightly, I have a lot invested as well and wish to see this company survive by itself and see the rewards of the north next year. But we all have to work together to achieve this. The board have to urgently change and restore communications again. GLTA.
 
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