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Ann: Revised Terms on Corporate Transaction with ERM Power, page-57

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boeing777

283 Posts.

31/10/14

17:37

Post #: 14218570
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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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Joywolf
unless you have seen the document that all shareholders have not yet with reference the loan agreement, I consider that ERM only has only underwritten the loan.this is banks money plus we pay ERM 1% interest. ERM is not out of pocket pure and simple.
Boeing777

EPW Price at posting: $1.82 Sentiment: Sell Disclosure: Not Held

EGO Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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Ann: Revised Terms on Corporate Transaction with ERM Power, page-57

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

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This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

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MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

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