MagIndustries Corp MAAFF

RE: RE: RE: I still believe that 25 cents is bare

[zeekay]

Risky, Evergreen will do what is right (for them) in due time. The 5SMA is now at $.15. Take off the 20% that they give themselves and finance the 50 million dollars at $.12. That would turn out to be 416.67 MILLION more shares for themselves. Evergreen would control 771 million shares of the outstanding 877 million or 87.9%. They have to manipulate the SP a bit more to their advantage. They can finance themselves as low as $.11 without doubling the float, which would require TSX special approval.What do you think will happen to the SP when the float nearly doubles?I remember when I was attacked for calling the Chinese "dirty". Delice thought I worked for MAA and any insight I had from past experiences were discredited. For the rest of the longs, I hope I am wrong, since the offer, I have been pretty much spot on regarding MAA and Evergreen.

Interesting that the SP is now 11 cents! Let's see where the 5 SMA will go from here.

As for Auser and believing that $.25 is guaranteed to the remaining shareholders. Please read the PR.

https://www.stockhouse.com/tools/?page=%2FFinancialTools%2Fsn%5Fnewsreleases%2Easp%3Fsymbol%3DT%2EMAA%26newsid%3D8243168

The Offer expired at 8:00 p.m. (Toronto time) on July 18, 2011 and will not be extended.