GREY:MLKKF - Post by User
Comment by
tryteon Dec 16, 2013 3:52pm
414 Views
Post# 22011140
RE:put option
RE:put optionBruce McLeod's reply:
The transferable put option will be issued to existing Mercator shareholders as of the record date as per your "Example A". Example A:
1 ML = 1 Intergeo with put option to sell those new shares back to the new company at $.10
or
Example B:
1 ML = 1 Intergeo plus put option to sell an additional share to Intergeo at $.10
Looks like this is only worth $.10 for the time being. Probably more in the future once the deal goes through and they are able to get operations in order.