Tuesday, October 31, 2023 1:11:54 PM
https://www.digitaljournal.com/pr/news/accesswire/mawson-announces-restructuring-plan-to-split-into-three-separate-companies-to-unlock-shareholder-value
It'll take a second and third reading to digest this and I hope some independent analysis is forthcoming. Share price reaction will be one indication of how it's received.
To mark the share price when this was announced - at 12 noon Central Daylight Time [Oct 31, 2023] in the US the MWSNF share price was 0.262 up 2.49% and MAW on the TSX was 0.36 CDN up 2.9%.
Any statment that begins with "To unlock shareholder value" is of concern. "Pleased to announce" is another worrisome phrase.
The release included this proviso:
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES.
So please don't read this in whole or in part if you are in the USA.
It will take a second and third read to digest this breakup of Mawson into three parts - it more or less confirms the loss of interest in the flaship Rajaplot Rompas projct which has received few updates and no timeline to decion on going to production. A lot f time and money has been spend in the Arctic - is this the end game and what's the value received for the expenditure .
Interested to hear any opinions
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM
ECGI Holdings Targets $9.7 Billion Equestrian Apparel Market with Allon Brand Launch • ECGI • Jun 25, 2024 8:36 AM
Avant Technologies Addresses Progress on AI Supercomputer-Driven Data Centers • AVAI • Jun 25, 2024 8:00 AM
Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • GRLF • Jun 24, 2024 8:30 AM
Bemax Inc. Positions to Capitalize on Industry Growth with New Improved Quality of Mother's Touch® Disposable Diapers • BMXC • Jun 24, 2024 8:00 AM
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM