I'm curious, if the Feldman's are responsible for almost every single deal, why are they trading an absurd amount of shares for 45% of MCL? What are they paying for in this 45% that they didn't already have from their 55% ownership.
I am no disgruntled ex-holder. I was here at 1.2c and got out well above that in December. But I check in from time to time. I was here when Neil was a regular user
But I think the MCL deal was absolutely shocking. I remember someone doing the math, and we all know they got the 55% stake for a hell of a lot cheaper than the final 45% and it just has me wondering what huge value-add did they gain? If the directors are the ones running the show, what did they need from MCL worth so many shares? I understand they now own 100% and that has it's benefits, but was it worth such massive dilution? I mean, you're telling me, once these new shares are issued, at current price (3.7c) with no worthwhile revenue the company will be worth $111 million?
10cents puts them at $300 million.
A company so incompetent they couldn't get the 4C up in time and got suspended? Worth anywhere above $100 million?
Put it this way, if your average is higher than 3cents, I think you'll be waiting a VERY long time before this is even a 3 bagger. Let alone some magic Disallowed.
This is the company who tried gold and failed. Tried bauxite and failed. Is now trying pot, and may indeed fail. Even if they don't, there is something to be said for the fact this company has been running on investors dreams for many, many years and never delivered.
