GMC 0.00% 0.6¢ gulf manganese corporation limited

Much like I predicted above.Current GMC Shares = 3,102million.PT...

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    Much like I predicted above.


    Current GMC Shares = 3,102million.

    PT JGI to get 25.1% by converting $6m note.  Not sure what PT JGI current shareholding is and this will affect calculations.

    New shares to be 3,880million.

    PT JGI will then have 974m shares (25.1% of 3,880million)  converted at .0062c.

    Invest $6m at 1.5c shares = 400m shares

    Invest .005c for options and take up = 400m shares

    Two other investors 133.33m shares each.

    GMC  total new shares = 5,142million shares

    PT JGI shareholding = 1,774milllion or 34.496%.


    Not as bad as ATA which has or is in the process of issuing up to 23.6 billion shares. Has a market value of 23.6m if re-list at .001.

 
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Currently unlisted public company.

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