Yes in the event that did oocur that would be disatrous for MMX holders but no one else.
MMX would still have the same amount of cash. The partners would be the same. They are the ones who are pushing this. MMX is just lucky enough to be along for the ride.
MMX as a business doesn't change only the shares on offer. while horrific for holders on dilution it has minimal effect if any one anyone else including OPR.
The directors at the time are questionable characters & the current management has to try & mop it up.
So i see no effect to GBG or the port if in the worst case MMX lost - & that would be provided shares where issued as compensation & not cash.
GBG Price at posting:
74.5¢ Sentiment: None Disclosure: Held
