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29/02/16
17:58
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Originally posted by Pinnacle
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Really? I have no doubt it will if we don't see any good news soon....but I'm still not selling. As previous I'm so far down on this gem another 20K ain't gonna make any difference so hence I'm hoping for a miracle or may as well lose the lot (& I will not be the only person thinking this way re EGO). Everyone has their own style so each to their own.... it may work & it may not however that is their prerogative.
Sorry if you think the negative bullsh*t is unwarranted as many of us on here do think that what we are talking about is not bullsh*t at all but honest grievances. I have met with some of the board members at AGM's past & voted on everything they have asked me to except for the resolutions at the last AGM. I was absolutely gob smacked that another person with links to ERM has been voted onto the board...a situation I cannot tolerate & is this really the best practice corporate compliance we can do? They have also told me that they would find a farm in partner & that institutions would come on board if we voted on the consolidation. Well I didn't vote for it & here we are with half the value of our investment! Now if I don't see a farm in partner or see an institution in the top 20 by the end of June 2016 I can't help but think we have been duped again by a board so focused only on helping ERM get out rather than the business at hand!
As long as all of these issues remain then yes the SP will keep coming down. Do I Like it ...Hec NO!
But do I sell & take a huge loss now or hope for a miracle announcement of a partner or debt repayment so that I can sell then & reduce my loss? As you can read I will wait in anticipation for something better than I have now or nothing at all!
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Pinnacle, I agree that having an independent Board without conflicts of interest would be ideal moving forward. However, a solution to the loan needs to be found before this will take place.