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:
- (i) $500,000 prior to the second anniversary date;
- (ii) $1.5-million prior to the third anniversary date;
- (iii) $1-million prior to the fourth anniversary date;
- (iv) $1-million prior to the fifth anniversary date;
- (v) $1-million prior to the sixth anniversary date.
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