I have great hopes for MNM but at the end of the day it all happens in this order:
1) Firstly, CEO and Directors always look after number one first - themselves
2) Lastly, Sharesholders are right at the bottom and really the company only relies on them for funding, nothing more. Providing the company is not breaking any laws shareholders mean very little to the company.
This is the reality of it all. Jack Hamilton doesnt give two hoots about MNM shareholders either, his only concern is getting his technology to market. As far as IK is concerned I havent figured that one out yet or what his real intentions are. Time will tell I guess but certainly I feel all is not well with the deal between Exergen and MNM. Too many uncertainties at the moment so changing my sentiment to hold.
I am still going to hold and if I make a loss I make a loss. Whats new. The other reason I will stay with MNM is they have no debt currently and the Mt Mulligan court case coming up / gold assets. I dont hold much hope really for the Exergen/MNM deal. I have invested in new technology companies before and many make the same claims as Exergen but never come off because of newer and better technology hitting the markets. This could also be the reason for the delay in bringing the technology to market.
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