Just as an aside. If my memory serves me well I recall that some...

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mick49

323 Posts.

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31/03/16

11:56

Post #: 17390356
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Originally posted by bruham ↑

Very easily, you hold one hundred thousand.
Consolidation comes, now you hold one thousand (100:1).

I was a holder of EGO, thank goodness it wasn't going anywhere, so i jumped ship.
Share holder's worry was, EGO would accumulate more and more tenements with no cash used.
Just issuing hundreds of millions of shares.
That was my wake up call to to run.

Wasn't so lucky with others and have been caught a few times.
Never buy into any explorer with over six hundred million shares.

EXCEPT with MPJ. This was a mistake. A big mistake.
I have a sell in, at my entry price, but no one wants then at a sixth of a cent.
I didn't do my due diligence properly. Got sloppy.

Now their shares are up and over two billion and climbing.
The consolidation will only save management, so they can continue to play their game of collecting salaries and bonuses.
And of course extra share issues at the new consolidated share price.

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Just as an aside. If my memory serves me well I recall that some years ago the director(s) of EGO pursued this poor QLD nurse for defamation with payment for their own legal costs coming out of company funds. This practice came to an abrupt halt when the High Court ruled that aggrieved directors would in future have to fund their own legal costs. Does anyone recall this? Please correct me if I am wrong.

MPJ Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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Just as an aside. If my memory serves me well I recall that some...

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