RE:RE:RE:On target? co. was not distributing all the IB shares. Mgmt probably assumed the shares it retained could be sold at the deemed $1.00 generating $2.64 million for recycling project. If the IB shares are now worth only $0.40 then maybe co. distributes only 13,397,333 shares, not 17,358,929.
"MWX intends to distribute approximately 17,358,929 of the 20,000,000 Iron Bull Shares that it currently holds to its shareholders by way of a return of capital." [should be ~ 1 for 20]
BigGrayCat wrote: All along I have not understood why Regenx would distribute the shares they will obtain for the Cehegin sale. So, they distribute the shares, then go to the market for money for modules 2-4. They should have kept the IB shares and monetized them for future needs...