From my understanding of this, MMTE was required by one of these financing partners to increase their shares. The reason being, and in terms my dad as has always told me, "Don't write checks with your mouth that your ass can't cash." In this case, MMTE can now cash a check if they need to if for some reason they default on whatever terms of the financing. That would be security for the financing partner giving MMTE money to be sure they will get their money back. I am hoping these terms will be published soon so we know for one way or other. If something like the above scenario does not happen or was not required, then what you are saying is pretty valid.
Take it for what you will, but in the "e-mail" from Lieberman posted by KGem, MMTE has no plans to add those shares to the float, they are simply there for insurance. In the case that they would need that insurance, then yes, the float would probably get the crap diluted out of it. Will it? I don't know? Nobody does at this point. Hopefully, this whole things works out and there is no need to dip in the piggy bank (10 Billion shares) and MMTE can pay their loan by the Lithium profits that they have hopefully acquired, soon.
Why Mr. Lieberman is still holding all the missing information and hasn't explained these actions yet is beyond me.
I'm also curious if the posters on this board who contributed to the financing were aware of the 10billion being added before hand.
Brad
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