Carbon planet said that they were worth x amount and had x amount in the pipeline to make them worth 20 cents as a share, we (MCL) were going to be traded at 20 (mcl) to 1 (Carbon planet) ratio. If they arent worth peanuts then our 1 cent worth of MCL becomes nothing.
However Carbon trading is all the rage and there's big bucks to be made, dave sag even said in his comments about PNG that the peices of paper were used as an example and were worth nothing, it sounds like it was taken out of context (typical media). Dave Sag and carbon planet are getting a mention everywhere.
I just wonder when this bloody merger will come through eh?
MCL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
