RE: Bs mellow , we as shareholders DO matter!!!I have avoided responding to the fallout from my earlier posts until now, but I think some clarification on this matter of our individual significance deserves further elucidation.
Of course, with regard to EPO as a company and to us as shareholders, we do have rights and legal standing concerning our investments. A legal framework exists for the treatment of shareholders, and a bureaucracy exists to safeguard those privileges. In that context, we DO matter as individuals.
My earlier comments were made in the context of the bigger picture. What I meant to say was that we have little or no influence on the way this company is run. Collectively, I would suggest that our shareholdings amount to a small percentage of the total. We are not insiders. We do not make material or strategic decisions for the company.
IMO all we can do is to trust the judgement of management and tag along for the ride. If we don't like the way things are progressing, our only option is to sell and move on. No amount of complaining at the retail level, particularly on this board, will influence EPO's strategic decisions. If they knew about the change of date for the vote earlier, as mktwatcher suggested, well, in their wisdom they chose to announce on Friday. Nobody can please everybody all the time.
This company is run by seasoned professionals with big money, big connections and big skin in the game. Billions are at stake. I am content to believe they know exactly what they are doing, and that they have a strategy laid out as to how to arrive at their goal.Their gain will be ours too - and the contrary too, of course. In this context, we DON'T matter as individuals. We have neither the financial clout nor the political influence to make any changes in the company's direction and style of governance.
That is what I was trying to point out, and it was just my opinion.
And, by the way, Irish, what the heck was that rant of yours about, pilgrim??
Naruto had suggested that EPO had acted illegally by lying about that first drill hole. I responded to say that it was impossible for the company to commit an indictable act deliberately and knowingly deceive shareholders, and stakeholders, due to the serious legal implications. I asked him/her to "wake up and smell the potash" (which we know is in the ground) and not to join the bashers.
Analyse my comments and mind-space any which way you care to. It takes one to know one.
In the end it was just an opinion, and offered respectfully to all on this board, as this is too.
mellow