re: many moons later
Timing of MRY's intention to acquire the 63.66% balance of Gpen it does not own.
10 for 1 share consolidation leaving approx 65 million shares on issue, simlar options;
Post Consolidation: balance of gpen acquired for 12 million shares; 3 mry directors each recieve 5 million 10 cent options; ceo gets 5 million options s.t hurdles; further 2.4 million shares to various exec's chf get shares to extiguish loan to mry and ends up with 30%. capital raising of up to $7M targeted within three months.
Monteray document diligently prepared and thorough, although the Ernst & Young report is very dry, lacking substance.
MRY Price at posting:
0.0¢ Sentiment: None Disclosure: Held
