Post by ERG Class Action, Join us by e-mail to...

Post by ERG Class Action, Join us by e-mail to [email protected]
Or [email protected].

We continue to issue the research report. Please download all document as evidences. If they do not pay back your asset, anyone can send them to jail.

The directors were expecting 17000 ERG shareholders to forget our loss by the long time. While the long time also help Shareholders to find out more evidences. If 17000 shareholders keep together for long time to trace ERG directors and NSW govt officers in their rest of life, we will have more opportunity to win.
For instance ---
1.ERG all projects successful around world, except NSW.
2.NSW govt changed ticket rule to ERG solution. All these proved that is NSW govt fault on T-card cancelling.
2.VIX-ERG profit exposed by July 2009 financial report. Next coming.
That proved ERG was not bankrupt company, but stolen before profit exposed.
3.Cubic QLD project security problems explored.
So NSW govt officers do not dare to issue new tender result. They have no way to go now, as they are againsting science rule. They guided NSW T-card into a no through route.
4.It is election time now. 17000 ERG shareholders should tell everyone (100s) who you know to vote no to NSW Labor, even though most of us are long term Labor supporters and still with Labor value opinion, as there are too many dirty things inside the NSW party top small circle, due to long term governing.

[ERG Wrongdoing Public Trial Continue 6]

2. Manipulation Stock Market Prices.
They utilized finance crisis and T/card fail to make shareholders fear and give up all by issuing bad news at every time market dive ---

*9/11/2007, market start to fall, news T/card fail issued.
*20/11/2007 prices from 0.12 to 0.08.
*23/1/2008, market deeply dive, news T/card termination issued, prices from 0.83 to 0.044.
*05/2008 ~~11/2008, combine with market free falls, press prices from 0.045 to 0.0085. They arranged AGM vote date on 17/11/2008, nearly to 20/11/2008 1st market bottom, to keep shareholders under heavy pressure to give up votes or vote Yes to suicide.
*25/5/2009, ERG changed name to VID, price $0.003~0.002.

While true value should be about $0.35, as major projects launching and selling USA assets, receiving about $300
millions income,$300m/860 m shares=$0.348. The market prices were manipulated far to original value. On www.hotcopper.com.au forum, If you check William Shan Shan (a false name, who should be Mr. Duncan Saville) message, You will find out that ERG prices following his will to go exactly.

3. No Explore Alternative Better Options. It should be better that to try public bid, merge with good company (e.g. Cubic in shareholders hand), or loan from WBC, if just sale San Francisco project which worth 150 millions already cover the $85 million loan, They said maximum offer only $65 millions. Let us wait to see how much now they are selling USA assets to Cubic. That will be evidence of fraud.

May Investigate:
Have they asked WBC for Loan, Cubic for merging or sell USA assets before transfer, Customers for payments due?

4. Fraud by insolvency which they made, To threaten shareholders. While hiding $261~$500 millions assets, and ERG have already turned around and got positive cash flow for 9 months since May 2008, See Evidence E, They tell shareholders it insolvency. Is it reasonable?

Continue next weekend