How does MCL do an acquisition without
QBL diluting their 55%,which I think they already have.
You can't have 55% if they are issueing equity in MCL.
Qbl had the initial 55%.
After that MCL issued $613k of equity.
Walthanna are to be issued $1.5m of MCL shares.
MCL have debt of $1.5m.Is that to be converted into equity.
Now MCL is doing a major acquisition.
If they issue more equity in MCL,how do QBL maintain 55%.
As I mentioned,they are doing a great job for MCL but
not so for qbl shareholders.
That's why they should have re-complied to benefit qbl
holders fully.
On top of that,qbl were capped at $700k investment
without re-complying but qbl shareholders are paying
$160k in travel last quarter for the benefit of MCL,
plus extra rent,management fees.
MCL are a better company than 12 months ago,
but what is qbl share of this enlarged entity.
Re-comply for full benefit to qbl shareholders.
You should be happy the ASX is looking after you so you
don't end up with 20-25% of MCL after it lists.
Don't forget MCL have to raise $3m to invest in Israel
not to mention further cap raisings.
Good luck.
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