90 million shares traded in the last 7 monthsPeople , besides us longs are starting to question why are SP is being held down. I'm not saying anything against management but am observing 1 scenario I mentioned years ago. Everyone on this board dismissed my theory. My spider senses are telling me to revisit this theory.
If these shares are being sold slowly, that would explain our stalled share price. The shares are being bought so long term transferring from Sentient to In the know individuals, shows we got something here. Gilbert says the shares are in good hands maybe true but this woul d explain what's going on
just my thoughts !
GLTA!!!
Meridian Completes Equity for Debt Transaction and Announces New Capital Structure
T.MNO | July 20, 2020
"Significant removal of debt and reduction of issued shares"
LONDON, July 20, 2020 /CNW/ - Meridian Mining SE (TSXV: MNO) ("Meridian" or the "Company") is pleased to announce that it has issued 11,869,142 common shares for the repayment of C$16,669,531of Company debt. 5,958,540 common shares have been issued to Sentient Global Resource Fund IV L.P ("Fund IV") for the payment of C$14,896,350and 5,910,602 common shares have been issued to The Sentient Group's nominees for the repayment of C$1,773,181. As part of the now completed corporate restructure and related capital raise the Company has repaid a significant part of its debts. The remaining loan outstanding to Fund IV, is held via a Limited Recourse Loan with a zero percent (0.0%) interest rate, a two year term and a pre-set conversion price of C$2.50 per common shares for a fixed number of 5,869,671 common shares 1. The common shares issued in respect of the debt settlements are subject to a four month hold period expiring on November 17, 2020.
The Company also announces that Fund IV has surrendered 141,011,304 common shares in the capital of the Company to facilitate the restructuring