Relative upside potential
posted on
Apr 06, 2009 04:52PM
The company is now known as FUSE Cobalt.
WEL has the best chance of return on investment in % terms.
WEL has 70MM shares whent eh placement is done... This equates to only $2 million market cap
MMU has obligations to WEL to achieve their % ownership of:
Marum's Poundmaker property exploration obligations have been amended to:
Upon the execution of the amended agreement, Wildcat elected to receive its annual payment in cash and Marum paid $100,000 to Wildcat on Feb. 27, 2009.
MMU's market cap is $16 million
If WEL was to achieve parity with MMU WEL would be trading @ .20+
This equates no value for the other projects or upside potential of MMMU's efforts.
I figure that WEL should be trading at about .25 right now... and would be considerably higher if they would close the PP... I for one would be willing to buy a lot more shares and support the stock if this placement was put to bed.... JMHO