EGR

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9.8¢ ecograf limited

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un4givn

388 Posts.

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23/06/22

09:10

Post #: 62151816
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Originally posted by getmurt: ↑

You said comments welcome....

Not to rain on this parade, but even if you could secure the required 5% for the EGM (which is probable), you would still need 50.1% of the vote to get any resolutions passed. What is the probability / likelihood of that occurring? Don't get me wrong, an EGM sends a message, but forcing out board members will require something substantially greater than lots of disgruntled HC posters.

I'm not saying that shareholders shouldn't push for change, and I certainly agree that the Board should be held accountable. Just trying to illustrate the challenges associated with making 'real change'.

I think this company has lots of 'potential', but plenty of players never live up to their potential. Clearly, the SP is a reflection that this potential is not being delivered, or is likely to be any time soon. Market sentiment and tax loss selling no doubt contributing to the decline. Very similar issues over in FYI land, but thankfully Alcoa is now at the helm of that ship. Many people were very critical of that deal, but in times like these it pays to have a big brother in the drivers seat. Moreover, the FYI SP decline is probably more advanced, and hence more likely to reverse course sooner.

There are certainly some positives here, most notably being the cash in the bank. But investors will need to have lots of patience, and clearly that is in short supply at the moment.

Good luck with the campaign.

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Thats a fair summation.

Presenting a collective view of retail shareholders frustrations provides a bit of insight to mgmt. I view this as a leading indicator for agm time. there were signs at the last agm re. Conidi remuneration not being wholly endorsed, I expect that sentiment has grown.

@564 - i think your punchlist is pretty spot on.

EGR Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 9.8¢		Change -0.002(2.00%)		Mkt cap ! $44.49M

Open	High	Low	Value	Volume
9.5¢	9.8¢	9.3¢	$31.81K	335.1K

Buyers (Bids)

No.	Vol.	Price($)
1	48898	9.6¢

Sellers (Offers)

Price($)	Vol.	No.
9.8¢	10739	1

View Market Depth

No.	Vol.	Price($)
1	48898	0.096
2	58000	0.095
3	210000	0.094
1	8000	0.093
1	19691	0.092

Price($)	Vol.	No.
0.100	5000	1
0.110	13000	2
0.115	270676	2
0.120	9500	1
0.125	2864	1

Last trade - 15.35pm 30/08/2024 (20 minute delay)

EGR (ASX) Chart

When?, page-138

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