Eagle Energy Inc T.EGL.UN

RE:RE:RE:RE:RE:Activist Gundersen Posts Article on Seeking Alpha

[whodathunkit]

gvixid wrote: Gunderson has repeatedly said that he has lost 70% of the value of his shares. With Eagle trading around 50-55 cents during those claims, we can assume that his average cost is around $1.70. He owns over 515,000 shares, so he has close to $900,000 of his own money invested. That's some significant skin in the game. His interest is aligned with ours.

Absolutely not.  His stated intention is to sell off the assets under the guise of reducing debt.  The only assets someone will want are the prime ones.  The likelihood is they will probably be sold cheaply to a connected company he has a stake in.  That way he maximizes his gains, not the average shareholders gains.  None of these people are interested in helping the little guy.  Once those assets are sold there won't be enough of a company left to sustain itself and then the rest will be sold for peanuts and under she goes.

Cheers.