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Ann: Chairmans Address 2023 AGM, page-25

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Hoodlum

3,651 Posts.

677

11/12/23

22:03

Post #: 71393242
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Originally posted by gypsy5: ↑

....what ever the number of shares MEC have..... ~684.5 million owned by ~ 2500 shareholders

...capital raising should be offered to those shareholders as the "1st cab off the rank"

684000000 x 0.004 ..... EQUALS $2,736000

.........................after relist ....that amount...would be the proof that the parent company

..can RAISE a lot more with the SP @ ....35 cents

....i wish some of the above shareholders would speak out about this ....as a SH of BPH ...the last 3 years have been extremely BAD ....but nothing, nearly as bad as what MEC SH`s have had to put up with.

Lets get approval FIRST and then we can move on to Raise the Cash.

p.s. the directors have already taken a big bite of 0.004 shares for services rendered [e.g. PDF]

......MHO

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Thats alot of retail investors they need to get to commit to purchasing alot of shares.

I would imagine any CR would be open to anyone, sophs, stumping up a decent amount would be welcome.

PEP-11 needs to be approved otherwise MEC is cactus.

MMR Price at posting: 0.4¢ Sentiment: None Disclosure: Not Held
2 Upvote

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