the only strategic reason I can think of as a possible reason for why they would structure the Mt M ann this way is to keep the brakes on the MNM SP with a view to MNM remaining an attractive potential acquisition target for exergen. Maybe that is closer than we think.
I would hope not hm.
Keeping the SP low so Exergen get a better deal from us would not be in the best interests of MNM shareholder.
We all know communication isn't their strongest point (remember that 'update' from late last year that said nothing) so it's probably just a matter of they've got better things to do.
It looks like all will slowly be revealed over the coming weeks.
MNM Price at posting:
12.9¢ Sentiment: None Disclosure: Held