MTC 3.23% 15.0¢ metalstech limited

And they get to choose who invests capital at this price for the...

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  1. 5,323 Posts.
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    And they get to choose who invests capital at this price for the maximum 10% they're allowed to issue without a shareholders vote. At a hypothetical 1c someone could obtain ten million shares for $100k, which would nearly bring our bank balance up to the $180k they say we need to pay the outgoings projected to the end of this quarter, if my calculation is correct, but then we would have nothing left for next quarter. Wuxi Baichuan paid $1.8 million for their ten million shares. Dynavolt was doing due diligence on paying $3 million for theirs.

    If Cancet does indeed hold a valuable resource and the legal challenge is bollocks at the end of the day, then whoever buys in at this price will make a killing and gain a large slice of it for peanuts. Lucky for them this company has been run right into the ground and the market values it very poorly at the moment. It's a bargain. Wonder if they might be able to convince someone who used to appear on our top 20 list but sold off it to come up with the $100k MTC is short of just to get us through this quarter, got to pay those directors fees. Don't need a shareholders vote if the issue is less than 10% of issued capital isn't it? Directors can just do it can't they?
 
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