Eagle Energy Inc T.EGL.UN

CC

[gvixid]

Great conf call. Dan and his team answered pertinent questions clearly and confidently, and any shareholder still unsure of voting for them would be hard pressed to argue against their plan. All major issues of concern to shareholders were addressed: 1. G&A - $2M per year over 5 years was mentioned as reasonable, which should add 5 cents annually to the SP. 2. CEO salary - Dan stated $180,000 base + incentives for performance, which is over 60% lower than what Clarke is taking home 3. Kingsway - value investors who simply want to make money, by associating with management teams they trust 4. Proxy reports - both ISS and Glass agree with the dissidents about the problems plaguing Eagle, but only suggest partial changes to the board. This is insufficient given all the issues facing the company. 5. Insider ownership - the Challengers own over 5% of the company, all bought with their own money. Management collectively own only 2%, much of which was gifted shares as part of exec compensation. The fact that management has not been buying shares at these all time low prices speaks volumes to their confidence in their plan, and their commitment to the company. 6. Asset Sales - they have received unsolicited offers to buy assets, at values that the dissidents state are reasonable. There will be no fire sale. And the plan is to focus on one jurisdiction - either Canada or the US. That will generate sufficient money to significantly reduce debt, and will also lower costs going forward by only having operations in one country, instead of two. It's a no brainer. These guys have a serious, credible plan that will improve share price. Eagle will be a smaller company, but one that is efficient and run by people who are staking their reputations on being accountable to shareholders. I urge all shareholders to VOTE BLUE. It's our one and only chance to recoup our capital and potentially make money in this investment.