EGO - Empire Oil

[Jonno J]

Sorry can't find the edit button.

I was wondering if someone in the know could analyze the latest announcements etc

http://www.asx.com.au/asx/research/c...de&asxCode=EGO

and give their opinion?

[DAZT49]

The lawyers of EGO has caused a shutdown of the EGO thread over on HC.
This is a gross misuse of power and a insult to freedom of speech in this democracy.

[DAZT49]

Topstocks has similarly closed its EGO thread due to legal threats.
I guess Ozstockforums is next.

[pilots]

Topstocks has similarly closed its EGO thread due to legal threats.
I guess Ozstockforums is next.

This is one company I am glad I don't hold any shares in, I can't see them trading for much longer.

[Coobator]

I can not see that CM adn the board are doing themselves any favours. The latest Ann on 20/8/12 is a bit hard to swallow. After all the uproar now they move the date of the SSP back a month.....just in time for the EGM. Then we will see how the cookies crumbles.

[DAZT49]

coobator,
Just painting themselves as bullies imo
Suing a poster on a internet forum.
Sending out a "big stick' letter.
Not a good look for a company and smacks of panic.

[stockaid1]

coobator,
Just painting themselves as bullies imo
Suing a poster on a internet forum.
Sending out a "big stick' letter.
Not a good look for a company and smacks of panic.

Saturdays West Australian interesting article about legal action, whats happening to this stock.

[stockaid1]

I can not see that CM adn the board are doing themselves any favours. The latest Ann on 20/8/12 is a bit hard to swallow. After all the uproar now they move the date of the SSP back a month.....just in time for the EGM. Then we will see how the cookies crumbles.

Yes it is all very strange, read SPP large quantity 30%, further dilution, certainly there to effect 249, just have to wait and see how it all plays out. Just can't wait for all this drama to go away. I think this stock has got a lot of problems and the market isn't warming to it either. With all the recent announcements, they seem focused on other things than getting on with achieving production, cost blowouts and all the other bad news from JV's What next!. What a painful ride this has been.

[DAZT49]

stocky,
Yes, if only they had concentrated 100% on Red Gull 3 years ago this would all have all been avoided.
It will be a lawyers picnic imo, but hopefully the right outcome will be achieved.

[DAZT49]

imo somebody took a big hit today.
20mill dump at near 2 year low.

[DAZT49]

its on
http://imagesignal.comsec.com.au/doc...RlbGF5ZWQuanNw
Finally maybe some resolution to the inertia of the last 3 years.

[DAZT49]

Todays ann.
Seems that the legal bullying of shareholders has made 197 jump ship.
A great shame and amazing that these previous complainers have now decided that its ok for their investment to erode even further.
I doubt wether ANY of the 197 are in profit and most would be holding HUGE losses.

[stockaid1]

Todays ann.
Seems that the legal bullying of shareholders has made 197 jump ship.
A great shame and amazing that these previous complainers have now decided that its ok for their investment to erode even further.
I doubt wether ANY of the 197 are in profit and most would be holding HUGE losses.

Just read www.empireoil-changenow.com website very interesting graphs, seems things are heating up, also read posts on facebook
EGO (empire oil) WTF, there sole supporter thinks Eddie doesn't have the numbers to do 249. Very interesting, I got told they have the numbers, well I think it is going to get messy. Interesting to see how many shares the SPP will be added to the register, more dilution, consolidation must be on the cards at some stage. What a messy ride with all this legal threats and further dilution, any updates regarding building plant, looks like Jan/Feb next year. What a mess imo

[Clansman]

Can someone enlighten in plain english exactly what is going on here.

[DAZT49]

From todays ann.
1. Empire today received (via its solicitors) a further bundle of requisitions on behalf of Mr Eddie Smith. The number of requisitions was 37 who hold collectively about 6% of the issued capital of Empire.
2. Empire notes that the number of requisitioning shareholders supporting Mr Smith has decreased from 359 to 37..

A further 37 added but only 37 left??
Hmmm are they very poor at arithmetic or misleading holders.
I am shocked if that many punters have left.
Bring on the EGM and lets get this thing resolved and get producing!!
...............
If you are going to tell porkies you have to have a good memory.

[DAZT49]

33mill dumped in 24 mins

[pilots]

33mill dumped in 24 mins

That is ONLY the start of the dump.

[The Darb]

The Dump was always going to happen. I am waiting to see how low it will go then i will buy some more .
With all the permits that EGO have and the drills planned . The price should recover

[DAZT49]

The $10k a day they are spending sueing us would be better spent on the plant.

[DAZT49]

That is ONLY the start of the dump.

pilots ..you dont hold shares in another loser do you lol