RE:RE:finally pushed out today..
OT--hello Lucky777.. i held off replying because i had sold and did not want to appear as a basher by posting on a board that i do not hold shares in.. However.. the truth be known.. whether i hold shares or not does not stop me from speaking my mind.I have been very critical at times of companies that i held shares in when management failed to deliver the promised goods in a reasonable time frame and continued with dilution to the point that it made the sp drop down to such a level that recovery became pretty much impossible. I am not saying that is the case here with EGT.. but i am saying that the odds are stacking up against it happening with this current share structure. I have been thru a couple of massive consolidations in the past (10-1) and in each case my investment tanked so much that even though it was pretty much at the bottom (ie less than 10 cents/share).. within a week of the consolidation the sp had dropped another 40 to 50% So.. it was with this in mind... when i watched the sp dropping about a penny a week for months on end that i finally gave up.. the risk of holding became to great for me. Once i seen the sp drop below .20 i knew i could not hold much longer but waited until the last minute just because i thought there was a chance the news we were waiting for would get released and it would put us on an upward path and never look back again. fwiw..each penny was 1200$ for me so i left a lot of money (by may standards) on the table. I held on and kept waiting for the news we needed. However.. that did not happen.I do not currently hold any shares here.For me.. if the price dropped to below .10 i would not repurcharse ...not with the current share structure in place. Your post was appreciated and you exactly expressed my observations ... was wondering if anyone else was seeing the same as me.. so good to know.Yes.. the sp has been in a steady decline without any volatility..just locked in a downtrend. When there would appear that some support was growing on the bid side a wall of shares would be thrown up on the ask and soon the interest would die again... it kept repeating but without any significant news it became inevitable. I have many times thought that JH is simply holdling down a position.. with michael calling all the shots and pulling the strings. Going to the public trough for more money can be a hard thing to give up i think... A CEO that has the vision and dream to pull a steer and guide a company in a direction that he/she wants it to go can make all the difference.. But if it is just someone filling a position and playing a role then chances are the company will suffer,,and ultimately the shareholders. ..just decided to put a few thoughts down today...just trying to share my views about EGT. Time will tell (it always does!) Hope the best to you and all others who are holding on. BTW.. hi again Illumination1 !.. i knew it was you :-) GLTA from GS2