07-26-2019, 06:07 AM
I've read through all of the documents twice and I feel somewhat positive mainly because of section 5:15 of the Monitors Third Report. I am not an attorney but how I read it the restructured entity will 'acquire' the issued & outstanding shares and remaining debts of NMI. I read nothing explicit about shareholder loss of equity - but I could be reaching.
Other highlights: 1. PNG Solwara 1claim fully dismissed (unless they file by 8/1), 2. MAC being sued for over 50 million, 3) Serious interested / qualified parties waiting to invest once balance sheets are cleaned up.
What does everyone else think?
Other highlights: 1. PNG Solwara 1claim fully dismissed (unless they file by 8/1), 2. MAC being sued for over 50 million, 3) Serious interested / qualified parties waiting to invest once balance sheets are cleaned up.
What does everyone else think?