EMP 0.00% 2.1¢ emperor energy limited

Hi Albuera Sorry to here about your loss, but a quick google of...

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    Hi Albuera

    Sorry to here about your loss, but a quick google of INT shows me that it was involved in software provision to utilities, which could of been the reason for the death spiral. Definitely possible here, but the reason I invested in OBL was because of the quality of the block behind it. The lind funding scares me heaps, but we still have a reasonable "margin of saftey" in that we control Derby, where as INT had no real margin of saftey. Lind could screw us by maybe doubling the script size, we would still have the block and hopefully in this worse case scenario. My above logic could be wrong but that is why I havn't sold out yet. My main issue with OBL is the management fees that do not correlate with shareholder value, the Lind funding is only being used to supplement managment wages.

 
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