Yachty, that makes no real sense. The maximum is a maximum - they can buy at anything under that. There are some pretty good options out there for under 30 mill at the moment and I'm fairly excited at some of the prospects. Remember we aren't just playing with 30 mill, but a large amount of losses that would be invaluable to a company with cash flow positive potential. Essentially we are worth 60 million in that sense - 30 mill of cash and 30 mill (100 ish x.3) of losses. In addition, any company wishing to raise capital would have to do so at a significant discount at this point in time; which translates essentially to a corresponding premium for us in any deal situation.
The point of my post remains - how can you buy back on market less shares than were traded on market on that day??
MEL Price at posting:
5.7¢ Sentiment: None Disclosure: Held
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