PB,
You've mentioned something similar to what l said a few weeks ago, the company is basically without saying it but telling us 'we have too many shares' so we need to reduce the share amount to a more exceptable level to make it more attractable to new investors.
In the past management did this by way of issuing new shares but only to sophisticated investors with a 25% discount.
Once the deal was done they would release further news to support the CR which the market would then react with a 25 to 30% increase in value, then the dumping would begin, sophisticated investors would gain 25 to 30% while the ordinary moms and dads would wear the loss.
Its like history repeating it self over again and again. The board should stop playing games with peoples livelihoods.
Since we are told that we are earning more money from sales of tranche 2 and rather than sitting on their fat behinds and focusing on how to find easy money, they should use their so called credentials to work for us. Isn't that the reason why they got hired in the first place, otherwise any one of us here could do just a good a job as they believe they are doing. l just wonder??????
EGO Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held