"Legal advice sought by the Company indicates that the circumstances of the litigation claims prohibit a return of capital at this time. Molopo is unlikely to be in a position to consider a return of cash to shareholders until the litigation involving the Company and its wholly owned Canadian subsidiary is completely resolved. "
they can use their funds, but they are required to leave sufficient funds available to cover an unfavourable ruling. I think they can continue their normal business operations, but they cannot dissipate those funds, such that those funds are not retrievable.
It is interesting your comment about MPO and MEL possibly linking up?
The common big s/h could cause that to happen.
maybe a joint acquisition, one that is too big for one only, so a joint bid? or a joint Farmin somewhere?
Possibilities are endless.
MEL Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
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