I posted this 22/01/10 22:28 when the shares were in the name of...

I posted this 22/01/10 22:28 when the shares were in the name of Essential Petroleum EPR.

Looks like I was wrong about Beach and Mitsui!!


peterhag
Post #: 4971765
Price at time of posting: 0.5c
In Reply to msg: #4970869
IP: 121.222.xxx.xxx
Sentiment: None
Disclosure: Stock Held
Views: 600



What is the chance of Beach or Mitsui taking-over EPR and our shares converted to theirs???

Did I read it right in the Notice of General Meeting that John Cornelius and John Remfrey may be paid a parcel of shares if the resolution is passed? Did they really earn this considering the state of affairs EPR is currently in?

If EPR have no funds left and are broke, how are they going to pay for the paperwork and postage for all the letters to shareholders and voting/proxy forms for those that can't make it to the meeting in Melbourne?

Thanks be to the nerds for e-mail and the internet as this should save them a few bucks on postage. :)

Hopefully it's all resolved soon and we can move on.

Cheers.