Morning the darb and all egoites,
I apologize for the long winded post but the reality of is real and with so many ERRORS in reporting fairly consistently it does make you sick and you really wonder WHY they cannot get their facts straight and avoid their ERRORS.
The MEETING DATE ann is in 3 parts, the original ann, the candidates statements which should have been to the original pinned and then for the 3rd is Mr Joyces statement which comes separately and can only be viewed on the EGO website. Its a marathon from what could be just one ann.
Mr Joyce I believe is the accountant initially with EGO and the buck stops with him to report Bennets paid 2 days chaired meeting besides I think being passed on to the AUDITOR who should have seen that Bennet was a director for these 2 days and should have asked why /IF Bennet was paid and rectified.
AS for the Marshall term fiasco well we read into what we like and having been passed by the board so long ago and then relased on the 30th SEPT makes you wonder. Say its at least 4 mths passed by the board and in the minutes of that meet and never picked up. Does this mean that Marshall never proof read the annual report before release to the market and never saw the TERM mistake.???? not pulling the wool over my eyes.
These sort of problems have been going on for EONS and was present before the last 249D from last year. We complained and asked for clarity and look where it got us, SHERs being sued for basicly voicing their concerns. Then as a kind gesture the board changed the goalposts and decided that it was not a private civil matter but company matter and IMDENIFIED themselves with SHERs funds and EGO pick up the legal tab to the tune of $676K much needed funds that could have paid for a cheap drill.
The list is too long to mention even including the gas sales questions that were refused to be answered. Its like everything else that SHERs are open for entitlement of DISCLOSURE, TRANSPARENCY and COMMUNICATION.
As mushrooms as we are or is it an ostrich with his head in sand I ask again WHEN IS ENOUGH ENOUGH.
The past has not seemingly changed to much degree and as the present is showing. ERRORS seem abundant in reporting and as SHERs we are made to believe these are ERRORS and can be swept over by fixing but it does not answer WHY they occur so often and in ones mind its not hard to form the opinion that they could have been just left out to not upset us further. Some should have been DISCLOSED to us as per regulations state that the Company should have done as in the case of Marshalls renum but wasn't done. We were lead to believe Bennet did it for free to chair 2 meetings at the height of last years 249D and not included in the annual. These are not ERRORS as I see them of their nature and were sensitive to the SHERs feelings. I may be wrong and if so I apologize.
ERM will go through the books with a fine tooth comb in their plan to scrutinize and formulate a better business plan in my way of thinking. The board meeting minutes would be of interest to them too.
Besides ERM, I really feel ASIC and the ASX need to be involved further and sort this can of worms out further and start asking more hard questions with pertinent answers and that cannot be achieved unless they get a heap of complaints and its up to each and everyone of SHERs to think what the future will be like if the present board stays incumbent and resolve honestly past concerns.
Many investors avoid EGO like the plague because of past issues and the extra large registry and the unfairness of SP to achieve VALUE. Time to step up and VOTE FOR CHANGE in SHERs interests.
Clearly I hope this board can put their egos aside and clearly see that the present position that they are in are intenorable (if that's the word) and peacefully step aside and in the interests to ALL let EGO be remodeled achieve its dizzy height. A shameful defeat at the EGM may be worse.
They have enough shares to be wealthy men in the future if they believe in the real growth potential of the promised permits held with an upgraded business plan as ERM propose and they don't sell in spite.
To the board.
Avoid this conflict further and be real men and see what is at hand and there is no shame in stepping aside for the good of the companies name if you BELIEVE in what you have in these valuable assets.
CAN YOU CHANGE THE PAST,PRESENT or FUTURE for the better of SHERs interest and of EGOs VALUE.??????
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