Post by
bluemoons20 on Jul 27, 2018 3:03pm
sellout??
Am I reading this right. the net result is that the proposal is to give half the company about 7500000 post consolidation away by issuing 7500000 shares for 45% of 80% of some unproven property. Vendor of Caral will also own half of all other assets of Minfocus?
This sounds like a total sellout for nothing. maybe wrong and will only get 1?3 of company because also private plcement as well so net will be 3 to one dillution of shares right away.
I say leave the Coral property @ 20% and work at others. Do the directors own 95% of minfocus so they have something to lose ar do they only have a few thousand shares each so they lose nothing and the other lose it all???