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magix66

5,329 Posts.

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21/12/16

11:46

Post #: 21483863
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Originally posted by vertigo ↑

"They simply didn't have the cash for the payment... you can try to sugarcoat it as much as you want!"

I am not sugarcoating anything, we both agree that they did not have the cash to make the payment and would need to raise it. My point is that they would have to preferred to raise it at a higher SP so to as reduce dilution, the entity selling over the past month has made it difficult for any SP rise as it was sold into. According to the top 40 that entity is almost out of shares, and potential whatever is on the stack ATM is what is remaining.

The new year will see Mantle release their analysis of the mine data, and a much stronger registry with the seller gone and 6 months to trial mining.

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There's at least another 400 to 500 million shares floating around which can wreck havoc at any day... T40, yeah right

MNM Price at posting: 0.8¢ Sentiment: Sell Disclosure: Not Held
3 Upvote

0 Great analysis

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