What is at stakes? Some disgruntled shareholders here claimed that management used various tatics so that they will have a life long income and MAN become a lifestyle company to them. Management has much to lose if no agreement eventuated. They will have no performance shares, 30 million with an intrinsic value of $3 million on a deal being striked. This is the initial value, however with the high grades copper at Delfin, I have no doubt the share price would be worth many times more. Allchurch has several million options yet to be converted by November. By exercising these options, he will have significant interests in the company. He will have skin in the game and his interests will be aligned to other shareholders. Berlinka Creek is endowed with many commodities , Allchurh will have his time cut up looking for the hottest of them..Shareholders will have a lot of benefits as the shares issued, four hundred over millions would be relatively small. Allchurch will have $17.2 million funds to help him along.
MAN Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
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