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Mountain Lake Resources Inc V.MOA



TSXV:MOA - Post by User

Bullboard Posts
Comment by saron Oct 11, 2000 11:23pm
163 Views
Post# 2640154

RE: re: take over

RE: re: take overEven at a 1 for 2 split we will still see a much better return long term by owning EET stock. Have a look at the trading history of EET review the Management and financials. You will note from the nr that 2 MOA Directors will sit on the EET Board. At this point I would rather have 50% of my shares in a Company that is well financed then continue to drift with MOA shares. Deals such as this are usually put together based on market cap. If we look at EET it is 12.6 mill. and MOA is 3.5 mill. Therefore EET has roughly 4 times the market cap. of MOA. I can only guess that Etruscans first offer was a 1 for 4 split, so based on this assumption I think it's a fair deal. When you do the math on this deal it is all relative and the bottom line is an enhanced share price for EET. Time will tell. sar.
Bullboard Posts