Hi Croc,
I am surprised you call this death spiral finance, It is no different from your Chairman providing a loan to the company then converting the interest or loan into shares, or the shareholders who provided a 17% interest rate loan to WKT, then had their loan paid out in shares.
MRC has detailed any conversion of equity into shares will need shareholder approval. I have already stated I will vote against the resolution. I hope all MRC shareholders have a similar view.
@norway4 - I was simply advising the value based on the current SP is only $780k. Which I believe is cheap. When the DFS was completed in 2019/2020 the SP was 25 cents. this means Gold Terrace would have been issued $7.5mil worth of shares, which I believe is over the top.
We have all seen Gold Terrace sell their shares after the former CEO MVC was terminated, we have also seen Gold Terrace take part in a 249d action to appoint MVC as the CEO of EMC, I would much prefer Gold Terrace to sell at the lowest price possible. if they intend to stick around to benefit from the upside it is completely upto them.
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Last
2.0¢ |
Change
-0.001(4.76%) |
Mkt cap ! $19.68M |
Open | High | Low | Value | Volume |
2.0¢ | 2.0¢ | 2.0¢ | $38 | 1.878K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 23122 | 2.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.1¢ | 52834 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 23122 | 0.020 |
1 | 267237 | 0.019 |
1 | 28001 | 0.018 |
1 | 176470 | 0.017 |
2 | 79486 | 0.016 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 52834 | 2 |
0.022 | 10000 | 1 |
0.023 | 23575 | 1 |
0.024 | 358653 | 3 |
0.025 | 88612 | 2 |
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