while ERG suiciding,The market dust settle down and past bottom points,I.T. replaced GM and City Bank on top 30 of DJ list. It’s new age now. But some one still turning head towards back 2000, that way caused lots wrong decisions in history, as new one always come from where you never know.
Maybe one day, when the big boy could look at that Cubic would bring ERG technology and public traffic industry standards on top 200 of DJ. He would blame himself blind, all just for clear 20% small shareholders out, to delist ERG at I.T. up turn point, sell it at market bottom time, and facing illegal risk. He knocks down his growth horse, to save his dead horses --- Real estates Trusts. He wills loss many more than small shareholders, if he does so. In Cubic he is nothing, but in ERG he is No. one.
There are last a few days before vote for him to review his wrong strategy in the crisis. For instance, he should hedge by short selling his RJT, RAT, RET, AFG, rather than bought them every three months during the knife falling. If he could give up the Real estates bobbles, keep ERG on list to grow when the market past bottom and going up, give ERG Class Action Group shareholders equate benefits, he will be survivor from the crisis, then get into a new up turn industry for next 15 years.
But human could rarely overcome self-reputation, ordinary people always insist self-mistake, that decide their fates. Few big boys could survive from the crisis after breach the laws.
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ERG Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held