Ann: Metallica further strengthens cash position , page-4

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  1. 19,647 Posts.
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    re: Ann: MLM: Metallica further strengthens c... Why they couldn't do such a transaction in the first place is beyond me.

    MLM directors need to go, as I think they are sending the wrong message.

    Also on 15.12.11 they stated;

    As part of the sale, Metallica has entered into a voluntary lock-up with RBS Morgans Corporate Limited for three months for its remaining 73.3 million shares in MetroCoal, and these shares cannot be sold during this period without the consent of RBS Morgans which is not to be unreasonably withheld.

    Voluntary lock up for 3 months? Their corporate statements (MLM that is) are rubbery at best.
 
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