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Message: dilution for mmu

dilution for mmu

posted on Nov 22, 2008 11:19AM

Wildcat gets cash and a chance at a good equity position in MMU.

Not sure about the good equity position. I dont see 2.5 million share maximum if they wanted too a good equity position. A few people on this board probably hold that. What if wel decided after 5 years and 5 million dollars to buy 35% interest? Then at what cost will it be? 35% of 5 million or 35% of all proceeds given to WEL? Not sure how that works. I guess if MMU finds something they would need to disclose this to the public to help there share dilution problem and WEL would also benefit. I like that scenario but what if MMU finds nothing. I guess we wait for that.

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