Maritime Resources Corp V.MAE

Does Firefly still own shares?

[shiftyone]

The news release when they bought their 50 million shares called it a strategic investment.  A strategic investment, the investor is not so concerned about making money, but it is what they get in return.  In our case, it was the use of the port and storage area.

Someone just sold 47 million in shares to Dundee for 3.4 cents.

Strategic investor.

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A strategic investor is a company or corporation that invests directly in an external startup or emerging company to gain strategic benefits rather than just financial returns.

[shiftyone]

I guess that to me means, unless they really want the mill.  Firefly has the rights that they needed and is likely not interested in MAE's projects.  They have much bigger fish to fry.  And they have the rights now.  Even if it meant an $800 000 loss for them if they did sell their shares. Maybe they still hold them.  They are just the only ones I can think of who