EGO empire oil & gas nl

pipeline, page-3

  1. 8,768 Posts.
    lightbulb Created with Sketch. 3210
    interesting stuff, but frankly alarming for Pilot Energy shareholders I would have thought?
    in order to raise that $3.6m they are being asked to:
    - agree to issue 45.4% of their company
    - agree to hand over complete control to these investors
    - get no takeover premium for handing over control
    - lock out any prospect of a 3rd party t/o or investment
    - agree to hand over control of Board to Chines businessmen
    - agree to appoint an "advisor' with obvious connections to board
    - lose 2 of the existing directors

    smacks of desperation move to me.
    but I guess if a company is desperate need of funds, then they deal with the "smart-money" lenders.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.