It's not exactly shareholders money but rather a shareholder's money. DADI has funded this company for the last 2 years. Remember that it was they that injected $24 million into MTE in September 2011.
And now 3TL want to buy back MTE's 20% equity probably for next to nothing. What an absolute joke.
Sounds like they are trying to use the options as a bargaining tool to make a break from MTE.
It's sickening how these companies try to shaft one another all because of greed in most cases. Sounds like to me that 3TL has something going on in the pipeline and no longer needs MTE and the Chinese to help.
MTE Price at posting:
3.5¢ Sentiment: None Disclosure: Held
