Fri 2016 Jan 01 Happy New Year\'s Day
Post# of 12259
Posted On: 01/01/2016 8:04:30 PM
Happy New Year Joel MNGG CEO, and rest of us. Thanks Joel for update.
Particularly glad to learn of your ongoing work with new CPA (certified public accountant) firm to have Canadian CTO (cease trade order) removed as urgently as feasible, perhaps within next 2 months. Removal of this restriction would permit Canadian shareholders of MNGG to buy more shares at US$ 0.000 and US$ 0.0002 per share t average down their dollar costs ranging between US$ 0.02 and US$ 0.05 per share of former YTRV (Yaterra) now MNGG. You inherited this problem from previous management, so your successful work would be extra special by conveying fairness to stranded Canadian shareholders.
As for controversial subject RS (reverse split), bravo on your part for allowing 3-month grace period till 2016 Mar 31 to revisit proposal. All being well, RS might not be necessary, as majority opinion is apprehensive about this dreaded price-erosive action, However, RS is best invoked under one crucial condition: New opportunity for accelerated growth. Suppose Joel stumbles across most prolific new gold mine. Then funding fr new mine would involve both cash, and equity. For equity, only RS would enable restricted shares to be issued to owners of new mine. If shares were issued at premium over market price, new shares would be "accretive" (add value to existing share price), hence non dilutive. However, if shares were issued at discount to market price, which is generally the practice, then RS dilutive. In short, optimum case for RS would be OPT (opportunity pricing timing). Note OPT here should not be confused "ounce per ton".
Joel deserves commendation for what he has in MNGG. Gold! Gold! Gold! Just extract it, and sell it! We would be in dream land. Also his expertise in mining, especially his knowledge of new processes for gold mining. Not aware of any other sub penny gold stock with more attractive prospects than MNGG. Looking forward to exciting and viable new year for MNGG.
Bonis Omnibus (Prosperity for All)
Particularly glad to learn of your ongoing work with new CPA (certified public accountant) firm to have Canadian CTO (cease trade order) removed as urgently as feasible, perhaps within next 2 months. Removal of this restriction would permit Canadian shareholders of MNGG to buy more shares at US$ 0.000 and US$ 0.0002 per share t average down their dollar costs ranging between US$ 0.02 and US$ 0.05 per share of former YTRV (Yaterra) now MNGG. You inherited this problem from previous management, so your successful work would be extra special by conveying fairness to stranded Canadian shareholders.
As for controversial subject RS (reverse split), bravo on your part for allowing 3-month grace period till 2016 Mar 31 to revisit proposal. All being well, RS might not be necessary, as majority opinion is apprehensive about this dreaded price-erosive action, However, RS is best invoked under one crucial condition: New opportunity for accelerated growth. Suppose Joel stumbles across most prolific new gold mine. Then funding fr new mine would involve both cash, and equity. For equity, only RS would enable restricted shares to be issued to owners of new mine. If shares were issued at premium over market price, new shares would be "accretive" (add value to existing share price), hence non dilutive. However, if shares were issued at discount to market price, which is generally the practice, then RS dilutive. In short, optimum case for RS would be OPT (opportunity pricing timing). Note OPT here should not be confused "ounce per ton".
Joel deserves commendation for what he has in MNGG. Gold! Gold! Gold! Just extract it, and sell it! We would be in dream land. Also his expertise in mining, especially his knowledge of new processes for gold mining. Not aware of any other sub penny gold stock with more attractive prospects than MNGG. Looking forward to exciting and viable new year for MNGG.
Bonis Omnibus (Prosperity for All)
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