Positive announcement on the share placement-again Buckwold (Alberta) must see the potential here to be paying 20c a share and coughing up $2.8 million. He could have simply bought the shares on market for close to half that.
I wonder what the anji factory (with hopefully a long term tenant) could net? It is a big factory and if they are prepared to pay a million in rent p.a (which is what they pay for the convertible interest anyway) then that is an theoretical asset value of $10 million- which means the convertible note problem would be solved and the sharks will be hard pressed to spook shareholders then.
All this needs now is some positive guidance on the sales revenues ..
MTM Price at posting:
10.2¢ Sentiment: Hold Disclosure: Held
