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4.4¢ a.c.n. 059 457 279 limited

Sorry man, but this is just plain incorrect. Yes SPCL shares...

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DwyaneMcRoberts

2 Posts.

29/04/17

04:23

Post #: 24349635
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Originally posted by jatter ↑

What a failure of an announcement!!! MIG which I said was a SELL, is now largely at the behest of whatever it can get for the small amount of shares given to it in Solaris. No matter how dressed up, basically the Company is worthless and will now be a holding company with a spurious value for its new shareholding. No cash in the vehicle, will still have to pay directors and others and look for something. Basically becoming a shell as the Board and management have failed again.

Share rewards almost the same amount given to shareholders in MIG are to be given to staff, Board and management - certainly seems unfair!!!

Solaris trades at 0.006 in the US, so shareholders getting a potential value of $30,000 for the undertakings of MIG.

I think everyone is better off taking the liquidation. This looks to be an incompetent deal favouring insiders.

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Sorry man, but this is just plain incorrect. Yes SPCL shares trade at .005 range, but the OS is 1.8 BILLION. the 300 million or whatever is not correct. MIG/associates/shareholders are receiving 45% of fully diluted shares (thats 45% of the company).

MIG Price at posting: 4.4¢ Sentiment: None Disclosure: Held
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