Eagle Energy Inc EGRGF

RE:RE:RE:RE:SELL SELL SELL THIS COMPANY

[whodathunkit]

Scottie99 wrote: Nope, the dissidents saw this coming and thought selling the Canadian or US operation and using the proceed to pay off the debts would have stave off the current reality. They were pretty detailed on how the company could be turned around and because the current BoD put all their eggs in the Texas land basket (and we were only aware when the heat was on), we knew it was all sweet talk because that land they are waving is largely unproven. Now they can't release the well results because it would suck the air out of the room!

We said it so many times on this BB that the current BoD had no concrete plan and the loan from White Oak was toxic but some said the devil you know is better than the angel you don't know. Now, reality is setting in and you are trying to justify that we can't argue what would have happened had the board been replaced because there was no way of knowing that.

I beg to differ, we knew what was going to happen and warned that the current board is up to no good (remember those involved in TBE receivership that were on the board and the high G&A that they promised to reduce if voted) because it is what is happening now!

You guys crack me up.  Claiming that you knew what was going to happen is simply incorrect.  You were speculating about the future, just like everyone else.  You have no idea what would have happened had the vote gone your way.  You once again were speculating how it would go but at this point there is absolutely no way to know how it actually would have gone and whether we would be better off or not.  You simply don't like the way it is now and want to wallow in the pity party.

And to say they were pretty detailed as to how the company could be turned around is revisionist thinking.  They gave a general outline without much detail.  The one thing we do know is the change of leadership clause in the loan agreement.  That clause could have triggered a loan default and immediate repayment demand.  Then what?  You can't answer that because all you say is it wouldn't of happened.  Again, your opinion, not fact.

Cheers.