Friday, May 05, 2017 1:53:00 PM
They aren't talking about buying even 1 share of the common stock. Even if they were to buy 100% of the common shares, they would still not own a controlling interest. The only way they can get a controlling interest is to buy the special 51% voting preferred shares, owned by the one entity in each case.
Some thought "buyout" of their shares after the initial announcement, but they could never get controlling interest that way. Some of my posts on those boards discuss this, with info from their financials that support it.
Note that Spanish Peaks is actually a private company (not publicly-traded). Their (MLCG) hype indicates they would acquire Spanish peaks as a publicly-traded company. There is no evidence they are even trying to make it a public company, so I wouldn't get my hopes up too high.
Great question, though.
MLCG is actually Explore Inc., and info about this company (MLCG) can be found by searching under that name (or MLCG's CEO's name at the Nevada Secretary of State business entity search website. Apparently they haven't gone through the process for a formal name change with FINRA, yet. Not sure why.
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM