In the Sept 19 Shareholder Update Kurt stated, "Management is hopeful that the Company will locate and secure long term capital funding needs before the close of 2017."
I'm hoping this news will include MMEG has secured long term financing to: consolidate all their debt (which includes current notes converting & future notes, thereby calling an end to this dilution!) with payments deferred to next year; and to help facilitate & complete acquisitions; and finally - a little $$$ extra to buyback & retire shares.
In that same update, we were given a "lesson" on supply & demand. I hope MMEG has also learned this lesson as they see their PPS pummeled to almost oblivion.
The notes were originally for operations and acquisitions. Now MMEG went "from revenue neutral to revenue positive," thanks to these acquisitions - and we the shareholders provided the financing by absorbing those shares from the converted notes -- as we saw the PPS clobbered and the value drop.
The buyback & retirement of shares would reduce "supply," hence affecting demand and having a positive result with the PPS ... AND it would show an expression of gratitude to the shareholders for their (our) patience and for demonstrating our faith by putting our hard-earned "money where our mouths are."
Well, that's what I'm hoping for anyway. But, I'll take anything positive.
