GREY:MPRXF - Post by User
Comment by
hrattleon Jun 22, 2012 8:16am
188 Views
Post# 20042704
RE: RE: RE: RE: RE: RE: RE: re; news wow
RE: RE: RE: RE: RE: RE: RE: re; news wow ...delay payment of the 4.4 million shares.
The fact that you are using the wrong number here leads me to believe you have not researched this properly.
I read through the public documents some time ago. MGP must pay KBG $20,000 and 75,000 shares on the third anniversary - Sep 2nd was the NR but it is possible that the agreement wasn't ratified until Oct. MGP is required to pay KBG 4m shares to close the agreement.
I do not recall seeing any deadline for closing but of course there must be one. My guess is they have at least another year. Have you seen some document saying when this is or had confirmation from IR at either MGP or KBG or is it just speculation?