the oip debacle is embarrassing!!

jt

I've been involved with a few small companies but this one takes the cake as far as boardroom shenanigans goes!!

My take is this: I reckon ESG now want OIP back in the fold meekly and cheaply. They were not ready to act when the GGX merger was mooted (the fact that they apprtoved it is a blight on their record IMHO). But Morton and co have other ideas (I reckon thgey want to take over OIP and run it like a private company) .. hence a boardroom stoush in which Langush is overturned as MD and forced out and they put their man in as Chairman. The Energetica proposal is designed to dilute ESG in particular .. that's why they are pi*sed about it and have called the EGM.

I agree with your comment JT ... ESG should just throw $10m or scrip at ESG and buy it back then sell off the conventional stuff.

H

PS I don't trust Morton to act in anyone elses interests other than his own. Very much looking forward to the EGM if OIP is not taken over beforehand.