But Moltons' first big buy-ins were at around 32c, and they have supported pretty much all other cap raises through placements and rights, so taking up the placement and RI even at .006 would still leave them behind the 8 ball, imo.
A few days ago I recently doubled my holding being 1st in line at .008, for weeks (dumb throw away price if it ever gets here!), and as such I will not be "doubling up again" at .006 (only to find I might have to do it again at .002, or .001, and then lose the lot anyway??!!!).
What if Molton want out after all these years, and want as much of their money back as possible? If most s/h's don't participate, they only need enough to comply with the MacB covenant (to get them off their back), and as per Rons scenario above, Molton get control of the company to carve it up how they please.
I wonder how the Jetter/Molton friendship is going, perhaps stronger than ever in this environment??
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Mkt cap ! $62.33M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
15 | 12486048 | 1.2¢ |
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7 | 4831817 | 0.011 |
7 | 14275452 | 0.010 |
2 | 1375122 | 0.008 |
2 | 166837 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
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0.014 | 5358893 | 11 |
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