Isn't this what it's all about?EuroGas, Inc. was unable to make the payment of $1,000,000 due on or before November 3, 2008
pursuant to the terms of the Option Agreement. By an amending agreement made as of November 3,
2008, the Company agreed to extend the due date for the $3,000,000 cash consideration due under the
Option Agreement to on or before December 31, 2009. In consideration for the Company extending the
payment date, EuroGas, Inc. agreed to issue to the Company an additional 2,000,000 common shares in
its capital (which have been issued) and has provided the Company a conversion right, at the Company's
sole election, to convert all or part of the $3,000,000 cash payment to shares of EuroGas, Inc.
Look at the December 31, 2009 deadline.
I find it interesting that the people who are concerned about managements performance are the same people that called me a basher when I said the very same thing years ago. So, are they bashers? Are their concerns legitimate?
Don't mistake what I am saying for support of the current situation in REV. But, as one poster said, what is your alternative? I don't see one and will not vote blind, especially if the support for change is based with those who support Wolfgang, who has diluted EUGS by 100 million shares to about 300 million shares and built up debt to approximately $7million U.S.
Change for change sake is not always a positive move as I'm sure those who voted for Obama know by now.