You are correct that those shares were part of the NL progress payment but to Focus Graphite, nothing to do with Evan Craston and associates. Cranston had an option with Focus and MRZ have taken over that option and associated progress payments. MRZ has the option to issue 50% of each progress payment in shares as consideration. That issuance of 1.44mil shares was then crossed @.15c to investors. Meaning Focus Graphite sold their 1.44 mill shares to clients of Peloton and are not holding MRZ stock. Current holders are clients of Peloton who are making a 21% gain on their purchases at .15c by selling out at .19. Hence MRZ has not traded above .19c since the crossing. Focus did exactly the same in 2021 but on that occasion there were only approx 450,000 issued and these were sold directly into the market and not crossed. Focus Graphite have no interest in being a shareholder of MRZ. Evan Cranston however, does have an interest in holding MRZ!!!
MRZ Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
