70.5% of Bigger PIE is better than 94% of current MJS owns 94% of SINOGOLD. Majestic will continue to own approximately 70.5% of total issued and outstanding Shares of Sinogold upon successful listing. Cash from new shares issued will be kept on Sinogold balance sheet, allowing for new development or aquire new assets.
Current MJS sharesholder will see about about 70% of the future upside instead of the 94%. Will still get the upside of HKEX listing i.e if we are to gain .10c from HKEX listing we will only see 7c. I will take the HKEX upside anytime over the current malaise.
The HKEX listing process is expected to take at least 3 months from the date of the initial application submission.