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08/12/17
15:37
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Originally posted by WagonR
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I believe the dividend mentioned in the Ann is basically to let shareholders know that MCL will be very profitable and generating lots of money ( profits). Dividends will be paid to MCL shareholders should MCL manage to be listed which obviously drive the MCL SP upwards. Hence it would be good to get 'allocation of MCL shares' when it gets listed and as mentioned QBL shareholders will have 'preference'. I still believe approximately 8 x QBL shares and get 1 x MCL share at 20c per share.
And whatever amount of % that QBL still holds shares of MCL, dividends will be divided equally to QBL. I doubt QBL with its 1.7 Billion shares would be able to manage any "decent dividend $" to its shareholders but would most probably 'reinvest' the MCL Dividends for 'new or existing business. Perhaps one day but definitely not this FY and there is no need for consolidation at this stage.
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Thank you,,, IMO If MCL does manage to get listed then the float would have to be the hottest ticket in town for next year.....another good reason to have and hold QBL shares.....