Replies to post #1841 on Manati Industries, Inc (MNII)

[rstar]

great update and summary of situation and potential here!

[deet49]

so that's why it traded @.005 none of that sounded good no $Dollar amount on debt
But my favorite part is

The debt is fixed and will not vary up or down with the size of any payment. Obviously, the bigger the payment, the more will be left over for shareholders after paying off all carried costs. If assets ever exceeded debts by only that small amount, it was only after most of those assets were already confiscated. Some of the debts still exist (and there have been new maintenance costs incurred over the decades), others no longer exist, still others can be re-negotiated. We will have to wait and see, as it is still premature to calculate more exactly.

First you say

debt is fixed

then you say

Some of the debts still exist (and there have been new maintenance costs incurred over the decades), others no longer exist, still others can be re-negotiated.

is it black or is it white no maybe grey

[rstar]

THIS it seems many were not sure of:

"Without a doubt, these past elections have significantly increased the value of our claims."

(though theres also obvi been uncertainty about the rest too , or we wouldn't be trading at par value.)

[deet49]

Funny No comment on the other one at all?

[deet49]

If this is the info you post that is very horrible at best how bad is the other one you fail to mention intentionally or unintentionally
oh boY!
Must be apocalyptic
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=124130463

Let’s assume the OS share count is still 350,301 shares per the FCSC claim. If the shareholders see the full distribution of the payment, that would be $229,525,389.68/350,301 = $655.22/Share… so 10,000 shares now equates to $6,552,233!!! Now that’s assuming the 100% interest paid and shareholders see the entire payment.

Common Shareholders may end up owing Money to the Lawyer lol

[aquaspin]

Thanks for that excellent MNII info! This stock has once in a lifetime potential. Hardly any shares left!

[bigcat2]

Typical penny stock BS. If he's going to reply to emails why not give you real information?

1. How many common shares is one preferred share?

At least he said if MNII is paid "likely" a distribution would be paid to shareholders. Too bad you can't calculate this without knowing #1

2. If the debt is fixed, what is it? What's included in it? Is it $20,000, $200,000, $2,000,000, or $20,000,000+ ???

"Manatí Industries, Inc. has issued and outstanding 1,280,597 out of 5,000,000 authorized shares of common stock, with a $0.10 par value per share. MNII also has issued and outstanding 84,105 preferred shares out of a total of 2,000,000 authorized, with a $1.00 par value. The only way that new shares could theoretically be issued is if the company became active again some day, received new investment, and took appropriate corporate action to do so."

In terms of the question on remaining debt:

"If MNII’s claim somehow gets paid monetarily, then there would likely be a corresponding distribution to the shareholders, once any valid outstanding corporate debts are repaid."

So I tried to see what might be outstanding still...

The debt is fixed and will not vary up or down with the size of any payment. Obviously, the bigger the payment, the more will be left over for shareholders after paying off all carried costs. If assets ever exceeded debts by only that small amount, it was only after most of those assets were already confiscated. Some of the debts still exist (and there have been new maintenance costs incurred over the decades), others no longer exist, still others can be re-negotiated. We will have to wait and see, as it is still premature to calculate more exactly.

[EdF]

Excellent DD, thanks for sharing your research JDoggs. For the few folks worrying about the preferred shares, the 5M Auth on Commons should abate their concerns. Also when they were issued, this was a real deal company and not some fly by night penny stock. They weren't handing out truckloads of 'free' stock like they do today with most otc plays. I'm looking forward to watching this play out in the coming months.