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Re: Frank Pembleton post# 10229

Tuesday, 07/27/2004 11:00:47 PM

Tuesday, July 27, 2004 11:00:47 PM

Post# of 19037
Yep, my recollection is the 2 officers and directors invested $9M of their own cash into MVG and owned 100% of the company. They then had an IPO at C$3. They have still not sold a single share per the filings I've seen and now own 39% of the company. However, they were wise enough to sell additional shares on the way up and thus diluted themselves down to 39% ownership without selling a share, and MVG has gobs of cash...

http://www.investorshub.com/boards/read_msg.asp?message_id=1811436



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