RE:Marathon Gold Made A Terrible Mistake To MergeMOZ was as close to death as it could get when CXB bailed them out.
Two disastrous, wildly dilutive financings. A project where Manson resisted making any mention of how deeply in the hole MOZ was on cash, for fear of spooking the market any further. And clearly a disfunctional board, chock full of friends o'Matt.
The Friay before they announced the deal, MOZ was at $0.495. Even after allowing for the fact that CXB sat on the goodgoodnews about the pit wall failure at Limon for ten days, during which i believe there was insider trading activity, the trading price of CXB was $1.82 a couple of minutes ago, which translates into about $1.12 per old MOZ share. When MM did his final song and dance to the board, effectively presenting CXB as the only thing that could be done (not best, but ONLY), the MZ board believed that an attempt to cover the funding gap would have resulted in a share price of about a dime. This doesn't ring false to me - i expected it to hit a quarter, but i'm not an insider of either company.
And if you truly don't like the stock, it trades between 3 and 10 million shares a day, so flush it.