1MC 3.23% 3.2¢ morella corporation limited

Ann: PLS: Conditional Agreement to Acq. Altura Lithium Operations, page-235

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  1. 524 Posts.
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    From Top 20 from 30th Sep
    Private Holders (except *) which is about 50% of the shares on issue
    Buckler 460M
    *Shanshan 450M
    Max Smith 313M
    Mantels, Robertson, Browns, Kuan and Young 200M

    Unsure what their buy in and average would be but based on 7cents its equates to the following possible losses.
    $32M
    $31.5M
    $22M
    $14M

    Surely they will be on the phones to every and any possible contact to help get the cash to save their cash? It's gonna have to be one hell of an effort but from reports it would appear the restructure was reasonably well advanced.

    Personally I have prepared myself for a complete loss but obviously hold some hope for all us holders because, well, that's just what us Aussies do.
 
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