No doubt on my part that Seakinetics has plans for MCCI. You do not buy 37.5% of a company and let it sit there. Two for one deal here guys. We get profits from Seakinetics and at same time we help each other build a bigger business.Seakinetics and MCCI have had time since May to start their plans. Now with India wanting Seakinetics news should be right around the corner.
Kenneth W Mann, President and CEO, Marketing Concepts International,
confirmed that the final agreement provides for an exchange of
treasury stock from each Company as follows: Seakinetics, which
currently trades on the Open Market segment of the Frankfurt Exchange
will deposit into the Marketing Concepts International trust account
160,000 restricted shares of its stock in exchange for a 37.5%
interest in Marketing Concepts International. Seakinetics will retain
a further option for an additional 15% of treasury stock issued under
rule 144 at a discount of 10% to market.
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