Sofar no desaster,the emphasis is on finance ie currency ,debt management were is the sales force.were is the 100 million for?if they believe in what is said here why not a share buy back program to underline what they gave from them .i would like to hear the vp. Sales if they got one and not a bean counter
although i had requested two banks in europe to issue me with the proxy documents in order to vote ,the issuing bank denied to release the documents ,as this a a flagrant violation of shareholder rights i am considering a class action to declare this vote null and void ,anybody else experienced this
what we need is not another apple but a clearance for this test and a statement by the bod what to do with the 100 million ,if they are so confident all what needs to be done is to put a large buy order for shares,they got the moeny fails the confidence.
I don t mind the interest as Long als they get better Return for the Money ,in the absence of any info we see a complete loss of confidence ,which clearly is reflected in the share price ,
on both fronts nothing seems to happen ,in the meantime the daily sell off is continuing ,its about time either the 100 million is used to buy back shares or they buy shares of a company giving a better return then having it sit on the bank pe apple
The assumption that if this deal gets voted down the Eroc share price would half from the current level is pure speculation ,what one should keep in mind is Eroc on a stand alone bases and its net worth which is far greater then what it is currently traded at ,what bather me as it does very one else is the generous compensation this bod is stealing from its shareholders for what a disaster our performance a debacle for shareholders if one then look at the conversion rate to enter into a totally defunct company VNR you wander ! What this bod should have done in pegging the deal,on cash and not on a conversion ,if VNR is such a good company why has it halved in the short time all they could hope is that Eroc and the other company are going to be stripped down to nothing
I am sure the bod covered their buts not only financially we can only vote no and that one honest lawyer will be engaged to fight this deal
as I said before my vote 15000 share vote will be no, I just wonder what this bod did to convince the large shareholder to go along with them if that is true ,i can t believe anybody in his right mind can vote yes on this one unless they are paid a substantial award, mr mills already has anew job plus this one and would receive a generous package for what?
Has any one an idea what compensation this bod is awarding themselves ,my vote will be on both quetions a no ,mr mills the oil expert is already jumping suggest we ring the bell for a catastrophic way in which he left eroc