RE: Shareholders Vote On Eurasia's Proposed BusinThat is one of the points I was trying to make. The fact that after the acquisition and after consolidation existing EGX shareholders will own 7% of the outstanding shares is totally irrelevent. It means nothing. It is only verbage to confuse more important issues.
They cannot answer your question because their is no answer that is meaningful. It is only mathematical fact.
The positive side of consolidation is less dilution and a higher share price could bring EGX o the radar of higher institutions. ie:
many institution won't touch a .07 stock in their portfolio's.
The problem is the downside. It has a longer way to fall which usually happens after consolidtion if the management team does not have all shareholders interest at heart. This management has shown us nothing at all except they cannot be trusted.
With proper news releases about what is going on in the company and their future plans if they have any should have brought interest from everywhere but there is nothing.
Gold is over $500.
Kasakstan is a resource rich environment
EGX is a gold producing company.
EGX has exploration potential.
Why has it not gone anyhere but down for years?
It just does not make any sense. The company does nothing to ease the pain or give any vision. (Where there is no vision, men will perish.
They do not seem to care because their management is taken care of and we are not a priority. WE (all shareholders) should be their #1 priority.
Are they just lazy? Are they plotting and exploiting intentionally to keep all profits for themselves? I don't know.
Are they unethical? absolutly. We have supported EGX for years. I have not posted until recently but have watched a few posters for years.
I have seen their frustration and felt the same pain but until now did not have anything intelligent to add. Maybe embarassed at feeling duped by EGX. After supporting EGX for years is it reasonable to have them not share in the gains? It does not matter if their motives are planned or if they are just ignorant or lazy. No matter the reason for the existing sp, EGX management has not been doing their job when it comes to maintaining share holder value.