Ann: MIN: Acquisition of assets from Empire Oil & Gas NL, page-62

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thedarb

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11/11/17

12:08

Post #: 28701780
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Originally posted by Kenjul ↑

From Announcement - Ferrier 10/11/17 -
I emailed Ferrier about DOCA on he 3rd November, reply 6th November confirmed DOCA was done and announcement would come out that night. I spoke with Peter (Ferrier) Friday am and he was going to ring Perth and follow up regarding a announcement/update on DOCA etc. WOW
What does paragraph below mean? ASIC (in bold)
Peter indicated DOCA was best option with way EGO was set up and handled
All to rushed, what about court case due on 13th November
If 6,000 shareholders loaned company $500 we would have $3,000,000 and could have started well again
I lost $ 70k - I believe the current situation was not totally a result of the the last four years, but a result of action in the last hours of EGO :-
1/ MIN well planned
2/ EGO management - dickheads and didn't try to save company FACT
3/ Administrators rushed DOCA through
4/ Creditors were hoodwinked into believing this was their best option
5/ MIN will look after contractors now
6/ I think Creidtors were only $500 k, we could have done deal with shares etc
7/ Total Bull Sheet
8/ Merry Christmas,

The Companies and its Administrators executed the DOCA on 6 November 2017. The DOCA has been lodged with the Australian Securities and Investments Commission (ASIC) in accordance with Section 450B of the Act.

Yes it was a total Shock to me when all this came about !!
$84,000 I have lost due to me supporting our company through all the capital raises ect .
And I am paying interest on that loss which is a further kick in the Teeth !
I honestly believed we would drill up north and the company would do well !
I am EXTREMELY Disappointed with the way my investment was managed !

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EGO Price at posting: 12.0¢ Sentiment: None Disclosure: Held
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