Has anyone done the maths on this? If they take UP TO 90% , meaning they may not take the whole 90%, then 2 billion shares to achieve $90 million dollars = $0.045 cents per share.
If above is correct, then they seem to be confident of being able to sell more shares at that rate, which is less than the cost to exersize the oppies( in todays value.)
But, that said, and someone has mentioned this previously, if they do a share consolidation of 10: 1 offer then that works out to about .0045 in todays money.
Therefore their 2 billion shares in todays value is 10 x that.
And to exercise your oppies( which I have) will cost you now 25 cents!!!
On another subject, my bet is we will have some good news out of fury to get this baby awake again.
You don't go around offering to buy up %90 of a company unless you think you can raise the funds
Remember , I know absolutely nothing, this is pure guesswork.
Rider
MHL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
