I am guessing you are new to this company as a shareholder? there are many of us who have been invested in ego for a great number of yrs , and there have been concerted efforts in the past eg 249d to have better representation of better board members, so there has been some collective work in the background, there has been some good or more i say vigorous discussions at previous agms as well about all this, I unfortunately missed last years, but previous years were full of fireworks from mums and dads, we are mostly glad that previous management the ones that tried to stick spiked barbs up mums and dads bums using their own money, and we were hoping that current management would turn it all around and actually look after the small people that have invested their hard earned dollars to see the company grow and give returns to shareholders in both SP price and some sort transparency and input to the company, but from the moment the 100:1 idea came into existence, most of us questioned the purpose of this, and whether or not it was a good idea, and a lot of us voted no to it, and I think it would have got some foothold into throwing the idea into the bin, but unfortunately like most companies, the largest number of shares are held by board members or their mates. So after the whole fiasco of the not so genius idea of consolidation, we have all lost more money from it and without as to the benefits of it, I still see no signs of any benefits to the 100:1?
So what we have is IMHO a poo of an idea floating in space, and under the worst conditions turds will rain down on us mums and dads, cos whatever we say seems to be ignored.
EGO Price at posting:
35.0¢ Sentiment: Hold Disclosure: Held
