Eagle Energy Inc T.EGL.UN

RE:RE:Current Board of Directors

[chipmuki1234567]

ALL - Please take your time to fill out the proxy. For your reference to what happened at a similar company, when shareholders revolted against management but lost, check out New Millennium Iron Corp (TSX:NML). The share lost more value.

I definitely think Eagle needs new faces and new ideas. I am not sold on this CEO, who had started this company as a trust, but now is trying to convert it to a growth company. I am not sure if he is for the shareholders or his own paycheck. Ask him to buy shares in the open market, he gets paid enough to buy. 

The directors are mostly from Twin Butte and that was a sad story, esp. given that the assets were subsequently sold by the trustee in bankruptcy for much higher price than what the BOD was going to sell it for. There the debtholders revolted and got their money back.  

Please do not let this opportunity pass. Trusting the new guys is a risk, but status quo is really bad. Eagle can default on the new covenants easily and we will face the same fate as twin butte shareholders. This is not a management fighting for shareholders. This is a management fighting for their pay. They can enter a bankruptcy deal, where they will be reatined and even given equity in the reorgasnized company (see pacific exploration). Thats why they are buying land in Texas secretly (if it is such a good idea, why did they not disclose it earlier?).