the.frackThanks for the vote of confidence, however I don't see...

the.frack

Thanks for the vote of confidence, however I don't see myself as any type of expert. The machinations that I present are ones that I have seen take place in the market previously, nothing really new just different players and situations.

Lets face it, Sir Ron is only interested in making the biggest return from his MMX investment.

MMX holds Cash and an investment in Cashmere (as well as some possibly insignificant titles) The Cashmere stake may be worth something in the second half of 2013 as the Cashmere board has indicated its full survey will be completed and the next stage will be implemented. MVT will get the Cashmere stake for nothing as the board has written it off.

What Sir Ron is now trying to tell shareholders is that the value of their MMX shares sits between $0.040-$0.042/share which is less than the $0.048/share of cash backing.

A genuine board would have said we will use the cash to buy back all shares and delist MMX.