RE: May 24 Marathon presentation nice presentation.
The $300,000 for 4.9% of Spinco results in a ~11 cent valuation of MLM shares.
Assuming ~51M MOA shares (fully diluted at the current price). MOZ would receive 2.63M MML shares for $300,000.
math check below..
2.63/53.64 = 4.9%
0.3/2.63 = 11.4 cents per MML share.
Does it mean much...probably not....interesting all the same.
tC