RE:RE:The new math....You're absolutely right Jim. This company is not in the business of revenue. But a shareholder might want to believe that Matica
is in the business of creating shareholder value through
competent management of it's resources and activities. All of the activities that I have mentioned have done one thing- which is dilute share value, and put company resources (ie. properties and cash) in other peoples hands with negative return.
Just so you don't think you made a point here Jimmy, if you want to retool the math to today's awesome situation. Matica's last share value =1 cent. Therefore if you want to value the properties to current share values the Lithium properties cost them $202,500 dollars of which they've recovered $164,500, for a loss of $38,000 or negative 18.8%.
In adddition you still haven't explained where the other $280,000 that Spearmint payed went. (Just for interest's sake - it should be noted that the other company listed in the deal - Mather's Lithium is listed as being run by a Spencer Smyl.
Mather's Link Spencer coincidentally lists himself as working for Asia Asset Management,
Spencer's LinkedIn . Asia Asset Management holds 300,000 options on Matica as per the last option grant in July
Matica July Option Grant. Asia Asset Management has Munir Ali as it's president. I believe Mr. Ali has also held options on Matica in the past.)
Also, if your point is that the company's really not that bad because they managed to buy all their physical assets for pennies on the dollar because their stock price has tanked, and then get doubly screwed by the new buyers....then all I can say is wow Jim.