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ERG - Fact or Fiction (Volume 6)

  1. 99 Posts.
    It is very obvious to the market that ERG has a cash flow problem. If you want to find out what the cash burn rate, please take the AGM as a opportunity to ask the management and board he question. They will no doubt be very willing to keep the market informed of the facts.

    oh you want facts, you want proof, perhaps this question should be reserved for the Board of Director and management. Clearly, which ever way you cut reality, the proof has been lacking, this company has not been upfront with shareholders.

    So you ask why we have a reference to the “Titanic”….it is very simple…on the balanced assessment of facts, we have a going concern issue. Just like the Titanic, it set sail across the Atlantic only to find that an Ice Burg is cold and hard.

    If this assessment is critical and blunt, so be it, the market takes no prisoners.

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