Hello WhaleActually the 100m shares were bought for $530K @...

Hello Whale

Actually the 100m shares were bought for $530K @ .005.3c. There was no mention of profit etc.It was a transaction that was completed quickly while Ryan was still incarcerated. A person well known in the company whom you have mentioned attempted to on sell at 1.2c before the ink was dry. However as far as I now this was stopped and the shares dispersed elsewhere. The reason for the sale was " these shareholders plus another (the only profitable entity in the company that we were told was not profitable) could control the company." There was not a lot of choice given as the financial position at the time was precarious and if the mconnect shareholding was not dispersed then the company would die. Much and all as it was possibly not an ethical transaction at least MOT survived and credit should be given to the mconnect boys as well as to the other large shareholder (Cbox) for sacrificing their rightful entitlement for the good of all.


IMO DYOR