QBL currently owns 55% and MAY own 100% of MCL .. MCL in turn has 55% of the joint venture HHG... DYOR
MCL doesn't currently own mdc but MAY in the future should the conditions be met.
It is the valuation of the remaining 45% of MCL that QBL has proposed that I have issue with and how that was determined.
Should the conditions not be met ( the CR @ 0.08 is a problem & the shareholder approval??? ) QBL will still own 55%
MCL not 100% .
MCL would have to find another way to purchase mdc. Mdc would in turn need to find another to fund the outfitting of their proposed facility ( note it is not currently up and running .. mdc has the licenses and an empty building.. valuable? yes.. but how much?)
A more realistic valuation of the current 45% of MCL that is needed may have had a more favourable reception and meant success all round..
QBL Price at posting:
4.6¢ Sentiment: None Disclosure: Held
