From memory(and different circumstances) GGP and GGPO had a...

From memory(and different circumstances) GGP and GGPO had a situation where GGP traded and GGPO were in a halt. The halt lasted sometime.

Its possible for uncertainty to exist in one but not the other. ie a resolution to alter the MHLO. Not saying it will happen, but quite possibly will.

My logic, as an example. Lets take a 40:1 consolidation.
Current sp 0.4c, new sp 40x0.4c = 16c

Capital raised at 13c/sh...$90mil

MHLO currently 0.1c ex price 2.5c. Post consolidation MHLO 4c with ex $1.

Now exlude the fact that MHL holders will average down with 13c shares, and exclude the fact that shares will likely fall below the 16c line.

MHL holders have a fighting chance of making an immediate profit, or atleast not losing much. If it falls to 13c, you lost 20% 'only'.

What about MHLO? with a new ex price of $1? They will not trade at 4c, more likely 0.1c and you have basically lost everything right?

So IF a resolution exists to help rectify that scenario, I cant see how they can allow MHLO to trade until an outcome is reached.

Ofcourse its only a hypothetical example.


2.5c