Register ASX Complaint - Waiver, page-3

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Surandy70

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12/07/16

22:28

Post #: 18254508
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Originally posted by Harry3539 ↑

I think there maybe an all out attempt to discredit the board at every opportunity.

As a small investor I see nothing wrong with this loan compared to the Vib. Loan (independent party). I see the ERM deal as an actual acquisition of a substantial asset and the MIN loan as a "conditional acquisition" i.e should EGO default. I think the law would look at the "spirit" the loan was offered in and hence a waiver.

This is cut from a deal under U.K. Law, but I regard ours as instep with them (being part of the Empire an all).

"The issue of the Loan Facility and the Options is a related party transaction pursuant to AIM
Rule 13. The directors of the Company, having consulted with the Company's nominated
adviser, Canaccord Genuity Limited, consider that the terms of the Loan Facility are fair and
reasonable insofar as the Company's shareholders are concerned."

Ref :Empire n all

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Yes, I think that was the purpose of the vib deal, to use as a basis of what a "fair and reasonable" deal looked like in our particular circumstances. They can point and say that the MIN deal is better, albeit only marginally.

EGO Price at posting: 45.0¢ Sentiment: None Disclosure: Held
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Register ASX Complaint - Waiver, page-3

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