VIX ERG Pty Ltd admit ERG with a strong financial basePost by...

VIX ERG Pty Ltd admit ERG with a strong financial base

Post by ERG class action group
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Recent news from http://www.vix-erg.com/news/index.asp, --- Vix ERG s EmERGing News for the last quarter of 2009, VIX ERG have admitted ERG with a strong financial base , rather than insolvent. The time will help us. Welcome put more evidences and questions on here.

ERG Wrongdoing Case Public Trial 2
Section 2. [Continue from last weekend]
[Overview On T-Card Abnormal Termination]

3. For ERG one director, he have transferred all peak income into himself, left results worse than insolvency --- only debit for shareholders.

Two possible answers:
A. He could be a victim too, without link to the NSW govt. officers.
He have pointed out that NSW govt. new bid solution is copied from ERG, the USA boy set lots barriers for ERG to delay T-card and their smart card can be breach within 15 minutes.
But after there is no way to go, he has to make deal with the USA boy. Why he still continue the case? If he could sell ERG 95% completed Sydney T-card assets to the USA boy and NSW govt. for $200 millions, that should be much better than share any rewards with shareholders. At the beginning, He did really legal action to against NSW govt. But he may give up later, if he could make a deal with the USA boy and NSW govt.

B. He could have joined and designed whole plan initial. He has made the deal with the USA boy and NSW govt. officers before T-card termination.
ERG CEO was kicked out before 5 months to T-card termination. Maybe, the CEO doesn’t agree it. The termination was pre-arranged for half years.
He has guide shareholders only view to NSW govt. officers “all for politics”, avoid the only possible cause --- T-card termination and 17000 shareholders may be victims of corruption.
After McGurk Murdered, He has never catch any opportunity to investigate NSW govt. officers on corruption.
Why nobody dare to against him? A big tiger (NSW govt. some officers) may behind the fox (Duncan).

The case v.s NSW govt. may just pretend an shell hope for shareholders to prevent them against the great grabbing 100% assets.

It’s easy to identify he done A or B.
If he sold Sydney T-card assets to the USA boy, then deliberately fail T-card case and let ERG shareholders to bear that, Answer is B.
If he against NSW govt. officers with corruption problems, and any heavy issues, Answer is A.

Let’s see what will happen on New T-card tender, and case of ERG v.s NSW govt.

… Next week continue --- research report and evidences.