re: many moons later Timing of MRY's intention to acquire the 63.66% balance of Gpen it does not own.
10 for 1 share consolidation leaving approx 65 million shares on issue, simlar options;
Post Consolidation:
balance of gpen acquired for 12 million shares;
3 mry directors each recieve 5 million 10 cent options;
ceo gets 5 million options s.t hurdles;
further 2.4 million shares to various exec's
chf get shares to extiguish loan to mry and ends up with 30%.
capital raising of up to $7M targeted within three months.
Monteray document diligently prepared and thorough, although the Ernst & Young report is very dry, lacking substance.
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