EIO 3.57% 29.0¢ energio limited

what's this company really about?, page-34

  1. 6,072 Posts.
    Hi 3v0lut10n2nite,

    So what do you mean by "Its all in the announcements"

    The fact the company has a put/call option with the same people selling the project that are also on the board of EIO?

    That the company raised $1.2m from shareholders (who) to do the due diligence?

    That another company Blackfire Resources had the opportunity to participate in a similar project 2 years ago (maybe the same project) with the same current people involved in EIO?

    Were existing shareholders able to participate in the capital raising? Did I hear "no"? Why not? Then who were they offered to at 1 cent per share with options? Oh that's right the sophisticated investors. Forget about the long suffering shareholders?

    I don't understand why these professional people at TGP didn't raise the money for exploration themselves. What's $800,000 to a successful group of businessmen? One person alone can tip in all that money.

    There is a saying "if an investment looks too good to be true, it probably is". Investors beware because the traders don't care.

    This is a joke in my opinion.

    I hope you all keep one eye opened.

    ;)
    Nic
 
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Currently unlisted public company.

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