joint venture partner, page-4

very hard to join the dots with this one because in addition to "Hendersons" selling you also had "New City Investments" and "AGP" bailing


I really like EPG but when 3 of the top 4 shareholders are jumping ship it does raise eyebrows

The counter to this is that most funds are distressed and getting redemptions so these Insto's bailing aren't so much a reflection on EPG as they are the funds themselves

Also directors have continued to buy shares which in my opinion is positive as you wouldn't think that management would throw money at a sinking ship

Finally there is the issue of the $75M convertible note due for repayment late 2010, this is obviously cause for concern


Because of all these points I am un-decided as to what the future holds for EPG