Are you privy to what is available to the board? Is the ERM deal the only option available? I very much doubt it.
One option as mentioned before is to reduce costs, this could work until a palatable deal comes along or tranche 1 is paid off.
You raise the point that costs currently, and for about the next 12 months, exceed income. So what has this board done about that? They have increased their expenditure! To what avail? To come up with a deal that heavily favours a related party!
You say to stop the ERM bashing, why? Who has effective control of this company? Not docmin, not me, not boeing777 or ahjay or any of the other shareholders bar one. This corporate deal supports my view of who is controlling the company.
Bad investment idea? At least I am not alone in this boat. My issue though is that I believe that the assets have the potential, run properly, to be worth multiples of what I paid for my shares. I just want someone that will run the company for the benefit of ALL shareholders. Clearly that is too much to ask in the view of some.
EPW Price at posting:
$1.82 Sentiment: None Disclosure: Not Held
EGO Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
