EGO 0.00% 12.0¢ empire oil & gas nl

Directors Penalties, page-3

  1. 4,299 Posts.
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    I think we are far from bankrupt we have assets with more value than the $15m.
    It seems MIN want more than what they held the mortgage over that is why EGO went into administration as well as the subsidiary.
    It is up to the administrators to decide what MIN get for their $15m and we will get what is left.
    Parts will go for sale until the $15m is reached and it is up to MIN if they are the highest bidder.
    They could be left with no gas only EGO shares the same as us.
    You do not have to be a bad person or director to get into financial trouble it happens every day you can have an accident or be sick and in our case the price of oil was the start of our down fall.
    Almost everyone is blaming the directors but not one has come up with a concrete fact only opinions for all we know they could have been trying to get farmin partners or finance the director have failed to keep SH informed of their actions in this regard which makes it seem as nothing is being done on the other hand maybe they have been working their puper off we have all done that at time for no result and only the directors know and it is about time we where let into the secret.
 
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