Firstly you should actually read the AFS:
No outside financing other than ERM which is not a letter of comfort it is an actual loan. No banker worth anything would accept anything in a letter of comfort that did not say that the party hereby undertakes to repay any loan in the event of default. However this is a direct loan. So yes I am unhappy about it - you want to bag ERM but EGO cannot survive without them putting cash in the bank.
79 or 97 transposition error - does it really matter its a disgrace that went on - The directors kept finding another reason to raise funds and really the punters kept believing.
Really why use name calling - If you cannot win an argument with words then its not worth the fight.
If you want a CR phone the company I think its a great idea and would purchase my rights and top up if it was around 0.4c. So on that we agree and yes I will also vote no but coming from the exact opposite viewpoint to yours.
Factually without ERM last year this company would have had to have a CR already.
- Forums
- ASX - By Stock
- Ann: Revised Terms on Corporate Transaction with ERM Power
-
- There are more pages in this discussion • 36 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EGO (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online