GREY:MAAFF - Post by User
Post by
deliceon May 12, 2014 8:37am
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Post# 22549844
Answer from Rich Morrow today
Answer from Rich Morrow today
Unquestionably the new shares that will be issued on conversion of MagIndustries debt to Evergreen will result in dilution. The alternative is that since MagIndustries has no other way to finance its operations it would quickly face liquidation. Evergreen seems determined to maintain MagIndustries as a public company so I see little possibility for a bid from Evergreen to the minority shareholders.