Eagle Energy Inc EGRGF

RE:RE:RE:Blue Vs Yellow

[whodathunkit]

Scottie99 wrote: And you think White Oak would be patient for the oil price to rise if the company defaults on their loan convenant? You would see how quickly the sharks would dive in for the kill that you would be left with worthless shares...

I doubt if you would be able to hire a lawyer to attend the court proceedings when they are discussing approval of sale at rock bottom price to cover the secured Lender so they can be out of the picture and how the sale proceeds would be distributed without any consideration to the shareholders!

I don't think anything related to that because that is pure speculation.  What I do know is what ISS recommended and the reasons why they recommended it.  That is what makes sense to me. 

I find it interesting that the main argument against the current management seems to be what their ulterior motives might be and that the concerned shareholders have no ulterior motive.  My experience has been that none of these types of people care about the retail investor.  They only care about their own pocket and how they can profit (case in point the concerned shareholders originally being an interested asset buyer in a down market).  To say they are large shareholders is irrelevant to the end result because there are more ways to profit than by being a shareholder (and from what I recall they both have about the same number of shares).  You yourself have suggested that the current management group can profit by bankrupting the company and then being brought back by the new buyers (whom you seem to think will be Chinese, which is also irrelevant) to run it for them.  Why not suspect that the concerned shareholders are only trying to get the assets for cheap and once done will bankrupt Eagle with nothing for the shareholders?

Either way it is all speculation.  I like the logic behind what ISS said and I like what management has now come out and said that they are going to do over the next 60 days to cut costs.  That's why I'm voting Yellow.

Cheers.