ASIC Engagement

I for one, will definitely be submitting a report for the conduct and prolonged 'mishandling' of EGO by the current board, and their continued 'disproportional' remuneration since 2013, ambiguous and/or 'delayed' ASX releases, as I did with the previous EGO 'BoD & Management' failings...

I'd encourage the same wherever each and/or all of you see fit, these directors should not continue to be allowed to 'pose' as directors of ASX listed entities, they clearly do not have the prerequisite skill and/or ability to manage such an entitiy, and will likely highlight the intricacies of 'Competent Persons Statements' the accompanies most EGO ASX  releases...

"ASIC receives reports about:

• how company directors and officers manage their companies
• incorrect or late release of company information to the market
• raising money from the public
• a company continuing to trade while unable to pay its debts
• how company administrators, liquidators or auditors perform their duties
• misleading or deceptive conduct to do with borrowing money
• a takeover or company restructure."

http://asic.gov.au/about-asic/contact-us/how-to-complain/

As I've said previously, disgusted, like snouts in a 'grubby' trough...

ML