Merger is as likely as coal shipments, Das88. The sole purpose of the deal with Metwood was to create a bundle of shares for selling at a later date.
At present they're just cooking up a plausible 'story-line' before using those shares as backing for convertible loan stock. When the story-line gets traction they will release those convertible notes, through the usual suspects.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.