vote down the chiarman

Clearer words never writen from Strachans StockAnalysis who has picked this one so well..

"European Gas (EPG) will hold its Annual General Meeting on the 26th of November.

Specifically, at the meeting I intend to oppose the re-election of Mr Julien Moulin. Mr Moulin lives in France and by his actions of repatriating the coal seam gas assets of our company to an unlisted company based in London, he has effectively abandoned EPG. EPG now owns 25.45% of European Gas Limited (EGL), which is a private unlisted company incorporated in England and Wales, and it owns the gross well head royalty assets over significant petroleum discoveries in the Canning Basin. At the time of Mr Moulin’s inspired buy-back proposal, he and his advisors valued this 2% well-head royalty at virtually nothing, which underscores his complete lack of understanding of the real value of our company. Just think, in the prospectus for the buy-back proposal, a 2% gross well head royalty over some several Tcf of Contingent gas and some several hundreds of millions of barrels of Proven and Contingent petroleum liquids, was seen by some brilliant analysis, to be virtually worthless.

Any person responsible for propagating such rubbish is certainly not a fit person to remain as a Director of our company.

If you have not voted, please send in your votes, vote against the re-election of Mr Moulin and for the renaming of the company."