Member Info for stokie1

None of the director salaries can be justified to run a £5m company.

Bo you have to do some severe pruning. ie unless a rabbit jumps out of the EG hat. But I can't see it happening regretfully.

All I want to do is not put the cart before the horse.

The directors will do well to remember their fiduciary duty.

No farm out = sell the company

That's in the interest of the shareholders and not the directors.

Yes I agree we will know our fate in the not too distant future.

Some buyers today so hopefully their crytsal balls are better than mine.

So we've gone from multi bagger in Q2 to being taken private.

Great reward for loyal shareholders.

A few impatient or sensible sellers this am.

Who the hell knows!

Come on Bo it's about time you laid an egg or two.

Imo eog will cease to be a going concern in the very near future.

Bo certainly has his hands full.

There has been a bit of buying so perhaps all is not lost.

On the going concern issue I am not bashing - it clearly says it in yesterday's accounts,

If EG does not materialise they should not sell down Wressle but reduce costs to match the Wressle income.

It's pretty simple maths - and a begging bowl operation would undoubtedly decimate the current sp.

I'm with Aimshare here. Going concern is on a knife edge reliant on future shareholder support and asset backed debt which may not materialise.

Our expenses are way too high for a £3.5m net asset company and imo unless EG is gushes we are in the poo.

Yes I dumped qq to get in here yesterday.

A very long term hold for me.

Good point - they could be forced into selling down Wressle.

Thursday's AGM should be a good time announce further progress.

Nice RNS at 7am would be great.

I thought disapplying preemption rights was voted down at the last AGM?

Market cap now sub £6m.

EG better fly or Will is toast.

Hope Bo is ok.

Yes a presenation chaired by Bo would suit me.

Plus a confirmation that the company is up for sale. I suggested this course of action prior to Serenity.

Our market cap is £6.2m ffs - who the hell would want to do business with eog?

Great interview - we could with do a CEO like John Hamilton.

No more for me - I need to see some cash in the bank from sales.

Will the ‘formality’ move the sp.

I thought Gavin would settle things down!

No idea where Stella is taking us but confidence is very low.

Good job we are making profits despite it all.

Frustrated to say the least.