Eagle Energy Inc T.EGL.UN

RE:RE:RE:RE:RE:RE:RE:RE:Press release

[whodathunkit]

Scottie99 wrote: Actually, he can't sell asset at a discount to a company he has interest in as a Board member, he would be in breach of the Securities Laws. If this was not the case, most company's Board would be doing this frequently without any consequences.

I believe with Mr. Gundersen 500k shares in Eagle, he also has a personal stake in the company and so would act in the best interest of shareholders as a shareholder himself. Decision like declaring dividend won't be hard to make since he is also a shareholder. I believe that was what the previous poster meant by he will be shareholder friendly.

Are you really that black and white in your thinking?  Yes he should have to abstain from the vote but that doesn't stop someone from influencing the vote.  That doesn't stop side deals from happening.  I'm not so naive to ignore the simple but true statement, where there's a will there's a way.  And if you are suggesting that Mr. Gundersen will likely issue a dividend just because he's a shareholder, what part of him wanting to reduce debt did you miss?  If he were to come out and say part of his plan is to re-instate the dividend I would for sure vote for management because it would tell me he's speaking milk and honey to hide his real intentions.

Cheers.