The sole director of the company that signed the non-binding LOI is the previous President of Mernova who has obvious links to current management:
The company used to be a minerals exploration company and there isn't a lot of info available on it. Would be interesting to see if it even has the cash to complete a $12m purchase...
IMO, it should be prohibited to mention non-binding LOI's. They get used by speccies too often to create demand for their shares. I remember another company (I think it was YPB) that signed something like 10 LOI's in one year and not a single one went through. Evenutally it became a case of the boy that cried wolf and everyone just ignored them. Unless it's binding, it shouldn't be announced.
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The sole director of the company that signed the non-binding LOI...
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Mkt cap ! $2.430M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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6 | 6737167 | 0.004 |
21 | 14473999 | 0.003 |
63 | 45227823 | 0.002 |
55 | 108598701 | 0.001 |
Price($) | Vol. | No. |
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0.004 | 7350900 | 6 |
0.005 | 10920671 | 14 |
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0.007 | 4270168 | 8 |
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