So EIG sold 44m shares at 45c. Now holding only 9.1% of SXY....

So EIG sold 44m shares at 45c.
Now holding only 9.1% of SXY.
Seems to me EIG have NOT lived up to their indications of being a Partners to Senex. No Capital was lent as initially stated. Now EIG appear to be holding just a blocking stack in SXY to selfishly restrict other whilst NOT providing SXY the capital it needs to grow. Fortunately Senex was able to secure that $150m from ANZ, albeit on much stricter terms I'd imagine, thus the balance sheet write downs.
Overall I'd say EIG have so far been a major let down.
If EIG has of got STO they would have rolled SXY into it, but NOW it appears EIG have little interest in SXY, being too small for them IMO