GMC 0.00% 0.6¢ gulf manganese corporation limited

Crap company, Sack the board, page-80

  1. 2,345 Posts.
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    End of April is now here.

    2.65bn shares and 1.63bn options at $0.05
    At $0.012 = diluted market cap of $43M for 75% of the project.

    And still the investor has not subscribed for 25% of the project for $6M with title to the smelters. Would have thought they were jumping at the opportunity?

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    Other concern for me is below. GMC Have to date only received $2M converting notes. It states a default event is a "default under the other Investmemt Documentation"

    Has anyone seen the "other" Investment Documentation that contains the list of what would constitute a Default Event?

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Currently unlisted public company.

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