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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Post by bond46on Oct 11, 2013 12:22pm
368 Views
Post# 21810738

correction

correctionThe figure of the number of diluted shares, in case Marret decides to convert all bonds into equity at 0.005 is not 2billion as stated in the previous blog but 15billion as follows: the total debt to Marret is about $75million. If all this debt is converted into equity at 0.005 the total shares is in the order of 15billion  plus 200million shares owned by the current shareholders
to a total of 15.2billion a big dillution that will dwarf any current shereholder's equity. Let us hope that some sanity will prevail and Marret, in the case of sale of the company, will accept their capital and interest and allow the rest of the shareholders to get something for their lost investment. We'll see how things will turn out. One thing at the time folks and keep hope alive! 
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