MMG 0.00% $5.00 mmg limited

finally some action, page-2

  1. 880 Posts.
    an interesting point that i only twigged to overnight is that right now MQG's entitlement to a mgmt fee from MMG is precisely NIL.

    Because the market cap is less than the cash balance, no fee payable.

    This will change when they use the cash balance to pay down operating company level debt.

    But in the meantime shareholders are approx 5.5 cents per share better off each year against reasonable expecations of a $12 million management fee.

    Still - the market hates it.

    There were many many retirees in this stock. I think that they may be flocking to the safety of KRUDD's guarantee. . . . .
 
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