Kramer now holding 15mill shares Blakeman now holding 50mill...

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bloomingruby

4,289 Posts.

02/11/15

09:10

Post #: 16305229
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Originally posted by Blackpete ↑

I have been idly thinking over the last few days about how Mantle is asset-rich but cash-poor.

To progress towards unlocking MNM's wealth...IMO... it will need to come up with some real money.

Almost certainly (it seems to me) that if Norton can get underway the cash that should flow from that will sustain the company and hopefully provide the seeds that will lead to a bigger harvest.

Having a CR always seems to end in tears and borrowing money is both expensive and risky.

So what does MNM have...?

Well, after today, I see there is 160,000,000 options with MNMOB and MNMOC.
Combined these have face value of $2.6 million dollars.

What would you think of the company offering some incentive for the option holders to convert the oppies to fully-paid shares as a simple way to raise funds?

I am thinking perhaps a 5% discount or maybe another 'free oppie (MNMOD?) at say 3 cents to give option holders a reason to convert their present options and avoid the pain of a possible CR.

I am curious to hear other's thoughts.

BP

PS I (will) have quite a few MNMOC

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Kramer now holding 15mill shares

Blakeman now holding 50mill shares

Top40 holding huge % of shares on issue.

Good news on GOLD progress could see a decent re-rate IMO due to the tight register.

Good luck holders
B Rubes

MNM Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

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