What's happening., page-2

EGL slumps 36% to 1.8 cents on no news.

Previously there hasn't been evidence of a leaky boat with EGL, so one must look for other reasons for the SP crash.

It could simply be the problem of owning shares in what basically is an illiquid company.

If you want to get your money out, say to pay the vet bill for your favorite companion animal, pay an Australian dentist for the hugely over priced work they do, pay rent or pay whatever and your money is tied up in EGL shares, then you take what you can get, in this case a haircut.

The company can throw its hands in the air and ask, what can we do?

The asnwer is do something; tell the story about what is going on.

This is preferable to the current situation of doing nothing.

This will not only help existing shareholders who may be trapped by this illiquid market but could also raise interest and awareness among investors and lure new buyers.

At the moment, potential new buyers can see they will be trapped by illiquidity, and so they go no further.

Today's SP fall is way overdone, but quite understandable. It would be nice to have a live market in EGL shares, as opposed to a corpse.