EIO 3.57% 29.0¢ energio limited

Hi 3v0lut10n2nite,So what do you mean by "Its all in the...

  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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