Mint Corp V.MIT

0$ debt for mint and 1 million cash

[5hcax]

Vishy Karamadam, CEO of The Mint Corporation commented: "The Proposed Transaction if completed would represent a significant restructuring of the Company as it would effectively leave the Company debt-free and position the Company well to execute the business strategy and enhance shareholder value."

[AOGEE]

I have read the news release five times and tried o figure out the money flow and and who was getting what. I need to sit down and draw this out in a flow chart because as of now this just looks like a shell game with no money changing hands.  What does Mobile Telecommunications Group LLC and Global Business Services get of MINT? They did not just give up 30M in an IOU for 10M out

[PappyGallo]

I agree with your assessment.   While it sounds good - I wonder what really is going to happen. Plus concerned the trading halt is still on.

[AOGEE]

You and I along with the market are wondering what this all means. Even with the possibility that this company will be debt free in a month, the market believes there is more to this deal than just debt reduction. Will the two entities who own a large portion of shares decide to take this private? I dont know and what are the reprecussions for us minority shareholders. a couple of cents extra