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Just my thoughts, page-79

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PeaceOut

2,331 Posts.

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18/07/18

12:56

Post #: 34419828
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Originally posted by BigDaniel ↑

This is true but you have to look at what the market is valuing MCL at now in the time that's past since last year.

At the time QBL acquired 55% of MCL for a fraction of the new proposal you could buy QBL shares for next to nothing too & now people are paying 4c.

Andrew is making 45% of the profits & is not going to give up his stake now for a pittance so when QBL are profitable he misses out.

The proposal is fair, nothing changes profit sharing wise for us shareholders by issuing these shares but it does bring the companies under one banner & assist with recompliance with the asx so the company can get on with the job.

Cheers.

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QBL got a bargain on the first 55% of MCL it seems .. well done Sholom!

QBL Price at posting: 4.0¢ Sentiment: Buy Disclosure: Held
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