Well ...seems there is a significant groundswell for change at EGR.
Earlier in this thread I gave out my email for those not inclined to share their holdings on a public forum
Additionally I belong to a couple of EGR shareholder groups outside of HC..
The total number of shares held by holders seeking change now stands at:
19,669,748
That folks is getting mighty close to the 5% (22.5m) needed to be heard. At 5% we could call for an EGM or our BOD could be smart enough to avoid that pain and simply listen to shareholders. I 100% know that our CEO reads HC ...I know because he has contacted me direct after comments I have made here...literally 5minutes afterwards ...comments in this very thread!!....So take note Andrew:
For the sake of keeping this fresh the changes sought from the BOD are
- BOD: Remove Conidi as Director and replace with experienced Director capable of assisting the company to progress it's various projects and assist changing the market communications practices (or lack there-of) currently in place
- Commence process of replacing Pett as Chair
- Full and honest communication from BOD in Q&A format, on causes of delays on ALL EGR projects ....including those projects where there has been a complete failure to provide any further information at all. Additional provide milestones with deliverable dates for all projects.
- Quarterly Communications sessions between quarterlies providing detailed and open progress reports on all projects, milestones achieved, milestones missed, causes and process to bring projects back onto deliverable timeframe
- Agreement for BOD to not seek performance shares until shares reach previous pre-CR ATH SP
These are thought bubbles ...as we get closer to the target number of holders representing 22.5m shares calling for change, we will define these further.
Comments and inclusions welcome ...we are getting close... if you want to support change post a comment with your shareholding and any actions you would like not mentioned above already.
At 22.5m I will be reaching out to Pett.
The SP is at a 12 month low ...and MC fast approaching our cash backing ....lets try and force some change. Lets hear from you!!!
564xxl
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