EXPM:EGRGF - Post by User
Post by
Satman3on Jun 07, 2017 8:13pm
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Post# 26338239
voted blue. Time for change
voted blue. Time for changeVoted Blue,
It's Time for change. I revisited the facts and decided to spoken to Dan and found him to be very articulate with the current situation with eagle. He talked about the debt being concerning along with the land purchases (as a good idea), but not while eagle is in high debt since that is a long long term play. Why i voted blue was that he understand the shareholder interest needs to be re-aligned and more importantly understanding the smarter path to getting the firm back to accounability, profitability, and shareholder trust.
Those 3 are very different things and are important. In fact, his plan does seem to understand that there will be a trigger to re-establish trust with shareholders by reducing debt, selling selected assets, and returning the firm to true value based on asset value and lower debt. No problem for this firm to obtain another lender as their assets are backed (but undervalued at this time). He does believe this firm can reasonably get back to $1 in months time if he is in charge.
What current management has shown is a more casual and self serving approach. Interestingly., if current board sees that blue is getting more votes. Current management will have little choice but open up to change! Especially at this time while oil is low priced and the summer driving season is just weeks away. new approach along with an eventual rally in September will be key for Dan and us shareholders! This is among the most important votes in company history.