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16/09/20
19:52
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Originally posted by vcubitt:
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Churbro... I think the problem with MMR selling all its PEP11 would be it would then have nothing. Literally, nothing. David doesn't need for that to happen anyway. MMR cannot control Advent ever again. David controls PEP11. MEC has only has shares in PEP11. Do you really think the lawsuits will continue with David Breeze as a MEC director? Of course they won't. The loans will simply be sorted out in house, like they always were before the "schism". I dont think its quite the fact that ASX is somehow stopping MMR from trading. MEC seeks trading suspension every two weeks with those rubbish updates that tell us nothing and fix nothing. They are simply stalling and i dont believe their statements that Advent is somehow to blame. MEC and BPH enjoyed cross pollination by investors for many years. I hope that will be the case again too. I look forward to David as director of MEC. BPH, GBA and taking part in CRs in all of them to do my bit to get PEP11 drilled again. The formula of the three companies on the same page was so successful at getting to first drill in 2010. It would be a shame not to repeat that. I have a feeling that is exactly what David is working towards. it's all about PEP11.
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MMR would have cash in bank for new asset. David would have no need for MMR if he got his hands on their Advent shares. But as part of the deal MMR get lawsuits dropped against them. So fresh start for MMR with no Advent no lawsuits but a few $M in bank. What do you think? Reading comments here everyone other than you doesn't want PEP11?