happy to be holding, page-42

Whilst we are kicking the conspiracy theory around as to why anyone in their right mind would want to buy MNM shares, here is one for you.

The directors all came out and said they would sub underwrite the recent issue, to the tune of around $150,000 worth of stock. Now having a look at the recent Appendix 3Y the two directors who elected to take up the sub underwriting were issued with their allocated shares only
i.e

Blakeman - 22,228,028 shares divide by 6 = 3,704,671
deBelle - 6,592,196 shares divide by /6 = 1098,700
Anderton -4,412,259. He only took up 120,113, however was entitled to 753,376

ASSUMING these guys still have enough powder i.e $150k @ 0.06 = 2,500,000 shares, then i wouldn't be surprised if those in the market buying are your directors and/or parties related to Cygnet Capital

Just my two cents and no doubt I could be completely out of the ball park. (however if i am right, then i expect the market to take notice.)

Have a safe weekend all!