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Re: goforthebet post# 15453

Thursday, 11/18/2010 10:49:59 AM

Thursday, November 18, 2010 10:49:59 AM

Post# of 52074
Good find lady Gofor. I'm not privy to the actual contractual wording regarding MZEI/Mammoth, but I WILL tell everyone that this is NOT the first offer MZEI had received....maybe one of as many as three or four. What's MOST CRITICAL AND IMPORTANT for everyone TO know is that in ALL OTHER offers, Ed REFUSED them based on the ONE SIMPLE fact: HE felt like the shares COULD have been liquidated too quickly which would quickly have eroded share price. In fact, many months ago, Ed himself told me by phone that JUST before he could have "pulled the trigger" with one such firm, he discovered how one very small public company was almost wrecked from such a drop in share price, so MZEI decided to NOT pursue that kind of funding option....and that was when we had 1/6 of the money in the bank that we do now. THEREFORE it is MY assumption, which goes along with what lady Gofor has posted, that IN NO WAY is this funding offer toxic to the company, OR THE shareholders. Ed has proven time and time again that he is committed to retaining/increasing shareholder value - not risking it in ANY way...even out of need.
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