I think the issue price will be on MDA's head, not GGP...just...

I think the issue price will be on MDA's head, not GGP...just reading the MDA threads seems they might need the cash.

I suspect Graves has more knowledge than he is given credit for. I further suspect Graves is a sharp businessman and will screw the price down to GGP's favor.

We don't know how long this deal has been maturing, but it would appear that from the MDA thread (cap raising, acquisitons etc) MDA sold out cheap and their share price has fallen from 10.5c to mid 4's.

Sounds like Graves has capitalized on a distressed seller here. IMO.