Plenty of companies do an acquisition and a CR and a consol at the same time. This one will be even more profitable because they have a revenue stream already. And will probably have broker backing. Maybe Euroz will get a nice allocation as a "sorry".
Plenty of room for profit from a $1.7m market cap. Just not for us. For us it's over, unless you plan on buying in afterwards. Or unless the directors decide to throw us a sympathy bone - maybe a public raising alongside the broker raise so that existing shareholders can have a crumb. If it's a decent acquisition though don't plan on getting your hands on very much, unless you have lots of $$ or friends in high places.
Example: Intiger issues 3b shares at .001, 20:1 consol. Now you have only 235m shares, whiny holders are obliterated and may eventually move on - $5m MC at 20cent with $3m cash in the bank (minus acquisition costs, bs "finders fees" and "CR fees" and maybe some directors will take a piece of this new venture because they can). If it's a good acquisition then the new holders might make quite a good profit. Always someone who profits from retailers misfortunes.
So.....you think Euroz should spill the board but somehow you think MF is in a position to stop that from happening?
