Mr NST.ax/Bill Beament's Other Baby, page-213

Can the NST board actually do the block trade to MIN without Bill knowing about it beforehand? Seems weird that Bill will allow MIN to get in and potentially block the 8c placement. Most likely MIN is coming on board as JV partner and are happy with their 19%. They will participate in the 1 for 7 at 8c which will bring their average 36c. Post-placement, Bill also has his 19% direct holding before options. The 40c block trade represents a face saving 124% return for NST for sticking around for almost a decade. Everybody wins.So what happens to the $1.3M loan still outstanding and the 7,595,454 10c options still held by NST for participating in the SPP? I guess they might be converting these into shares and then doing another block trade at 40c to MIN? This will still keep MIN as 19% holder just under the 20% T/O threshold.