MBMI 1st $9,000,000 barite purchase order Key High
Post# of 103184
Posted On: 04/24/2013 11:50:54 PM
MBMI >1st $9,000,000 barite purchase order >>Key Highlights
Increased Total Assets 476%
Decreased Total Liabilities 99%
All prior RPTN conversion option liabilities retired ($11,789,870)
All prior RPTN senior convertible notes payable retired ($11,012,854)
All salaries reduced from "$353,198" to "$0"
Outstanding common shares @ 135,585,750 with ~8M shares in the float
Acquired a 25% equity position in WGB Kinsey & Company
Acquired 100% of Dodge Mine
Secured the company's 1st $9,000,000 barite purchase order
Secured a total net deferred tax asset of $27,738,000
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