OTCPK:MEAOD - Post by User
Post by
JRaffleson Mar 18, 2011 4:00am
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Post# 18303433
Message from MTO to Agora's Fireguy
Message from MTO to Agora's Fireguy
Below is a mesage on the Agora board from Fireguy, who emailed MTO about the present share structure. MTO seem to justify the dilution at the low SP by commenting that 18.9m warrants will expire within two months. My view is that when the exercise price was fixed, MTO regarded that the price would be attractive before expiry - it just shows how things can change.
Agora Board Message
Could this be part of the problem?
I recently sent an e-mail to Metanor enquiring about the most recent share structure and this was the reply I received. It's funny how they used to brag about such a small OS and how they pride themselves on increased shareholder value with no dilution. Of course that was back in '08, before all the PP's and other dilutive arrangements over the last year and a half. All we can do is hope they can get to the 150-200k oz production by their own prediction of 2 to 2 1/2 years.
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Titles
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Number of outstanding titles on March 11, 2011
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Regular Shares
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201,686,865
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Warrants
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69,352,572
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Stock Options
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8,065,000
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During the following 2 months, a total of 18,494,936 Warrants will expired.
If you have other questions, do not hesitate to contact me.
Regards,
Diane Bournival