Maritime Resources Corp V.MAE

For anyone who has a boatload of shares....

[shiftyone]

It is probably someone with a lot of money to play with.  For someone with a large amount of shares,
buying the shares at the rights place of .034 makes sense and money.

It's difficult to sell them first and retain the tax losses without waiting a month to rebuy, at which time the rights will have expired.

But they could buy many shares at .034, with the intent to sell of their other holdings in mae at .035.

3% profit on that trade doesn't mean anything to me.  But for big money, guaranteed 3% in a month is money in their pockets.

I suspect with the selling and lack of buying the last month.  Some people probably knew about the financing ahead of time.... and took advantage.

There was no question where the shareprice would go with this announcement.

[nozzpack]

This is a very good deal as it will end up getting us cash flowing from priduction well before HD  begins production. Lets take someone who bought 1 million shares today at 4 cents...investment is $40,000. That will generate 400,000 rights at 3.4 cents which he sells and generates about $13000 in cash while still holding his 1 million shares. Or he can buy another 400,000 shares at 3.4