powerbox installation on wallenius ship, page-18

I bought 500,000 shares last year in March at 0.7 cents for $3,500. The total share issue was about 80,000,000. I bought into ERJ after Colin Barboutis the then CEO entered into a MOU with Water Unlimited who had shares in them. I think to get the deal done he had to leave ERJ which allowed Ross Smith in who decided on a change of direction with the Opcon deal coming about.

I had been watching ERJ back in 2007 when they were looking at a granite quay and then some explosive test kit but didn't commit. I couldn't believe my luck when $3,500 turned into $100,000 when they flew past 20 cents. I bought a few hundred thousand more on the way down at 10 cents to 6 cents.

Back in March 2008 when I bought 500,000 for $3,500 someone after me bought 1,000,000 shares at 0.4c for $4,000!

Anyway with 550,000,000 shares now, a few mill in the bank, 1 powerbox unknown and a share price of 5 cents - mmmmm.