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Bullboard - Stock Discussion Forum ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."

TSX:EGZ - Post Discussion

ENERGIZER RESOURCES INC > GREAT PRODUCT BUT BADLY MANAGED
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Post by frewil11 on Dec 10, 2016 3:39pm

GREAT PRODUCT BUT BADLY MANAGED

I feel Energizer has a great product but the salaries, dilution and bad managment has finished all the longs here, they have to do a minimum of at least a 10 to 1 reverse split and even a 20 to 1 would be needed, a 5 to 1 would maybe put the share price around .30 cents or so and this project still being in the very early stage again it would be up to 300 to  400 million shares in no time , I have even seen 40 to 1 reverse splits but managment have given themselves to many free shares for this to ever take place , JMHO
Comment by riverrock on Dec 11, 2016 4:56pm
Freewil11, I agree with your product evaluation, but am not eligible to determine salaries, which is under the final determination of Director's and approved by a Chairman, but agree that management has been given far to many shares.   As for dilution, I see the problems that developed over the years and listed under Effects as important.   According to the Annual Report 10-K ...more  
Comment by StoogeNo4 on Dec 12, 2016 4:58pm
Rarely have I read such unabashed rationalization from such an intelligent and hard working individual. Your judgment is far too compromised here. New management and directors are what's needed to take this company to mining.  What we've had are crybabies and bungling fools.
Comment by riverrock on Dec 12, 2016 6:12pm
I was trying to bring out what occurred by posting the First, Second and Third Points, which I feel were a good part of the reason's that lowered EGZ's price and created further dilution after the 156.7 million shares issued by June 30, 2012.   In reference to the “Bold decision” Article, I interpreted it as EGZ took a chance. That chance was the" Bold decision” which thus ...more  
Comment by gereynolds on Dec 13, 2016 3:39pm
I agree with you  100% ! It is  already to late ! 461 + mil. sh outstanding , we cannot revers  that delution ! WE  going to loose 80 % of our original  invest ment when they roll back !Thank you  Management !!!!!!  What they  did is  CRIMINAL  !
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