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Correct. CR would have been at around 1.2-1.5 cents. We are at...

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shanghaiguy

703 Posts.

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31/10/14

16:17

Post #: 14217888
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Originally posted by joewolf ↑

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.

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Correct. CR would have been at around 1.2-1.5 cents. We are at half that now, so that is why the punters are not happy about the potential dilution for the any coming CR.

EPW Price at posting: $1.82 Sentiment: None Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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