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Ponch73

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Ponch73

Re: OMOLIVES post# 992

Friday, 08/17/2018 12:15:23 AM

Friday, August 17, 2018 12:15:23 AM

Post# of 1138
The perpetuals become due after the senior debt is paid off. So, if it never comes due, that means that MMC can't pay off the senior debt. And, if that is the case, the stock will soon approach zero.

The stock only has value today because of the chance that MMC can do 6-7M in annual volume at a $70 per ton gross profit. They didn't come close on either metric in the first half of 2018 or the first half of 2017, but hope springs eternal.
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