EGO 0.00% 12.0¢ empire oil & gas nl

Shareholder rights, page-2

  1. 25,349 Posts.
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    Ferrier's will be asking directors "how did it come to this", their investigations
    will include questions to MIN, when their response to their reasons for
    appointing receivers will become known, MIN will also be asked if they will
    "Lay off" for a period of time to enable EGO to try and work through their
    problems....This also depends on Ferriers assessment, Ferrriers will also
    have contacted all other creditors by now to guage their intent given this
    action has been iniated....Ferriers will also have been given a sum of money
    agreed with EGO that will be held in trust to ensure Ferriers get paid....
    Ferriers wage bill will be exorbitant, receptionists will be charged at $100
    an hour or more ranging up to approx $400-500 per hr for the principals...
    No-Winners here and not much hope in my opinion....
 
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