Healyn, obviously some investors on this forum cant see sellers beyond top 10. Doesn't take much to work out who is selling 600000 shares at 50c, it's Kent Quinlan. Why has this man lost faith in our board and EGO going forward?
Maybe we can't get finance? If we can secure debt funding it might be at some really high interest rate!Maybe he doesn't want ERM to extend our loan and again watch us sit by for another year doing nothing and when GFC comes again EGO will be at a serious risk. So many questions and our board doesn't comment jack to anyone. I bet you our board are struggling with debt finance and ERM must not be happy either.
He is a person who would have regular contacts with Morgan's, ERM and EGO I would suspect. Interesting indeed.
Looks like a T20 holder has had enough, page-7
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