ERM Debt

I am very concerned about the debt to ERM because in my opinion the flow of information has been orchestrated to benefit ERM.

My feeling is that the ERM debt will be solved by a debt to equity swap which at this share price will allow ERM to pick up approx. 30 % of EGO.

The RG gas plant generates approx. 10 million profit per annum. I have said it before that I would like some of that profit given back to share holders. Management is not doing enough with that profit for me to be comfortable leaving it with them.

I hope I am wrong and that EGO find a lender to provide the payback funds. During this record low interest environment there are many institutions chasing a higher potential return so it should not be difficult.

How management solve the debt issue will really give every one an insight as to where managements interests lie.

With the shareholders or with ERM and their affiliations.

Cheers and good luck,

Simonmag