Replies to post #4551 on Mainland Resources, Inc.(fka MNLU)

[Doc Will]

VOTE NO TO MERGER UNLESS MNLU SWEETENS THE POT FOR AEXP

Merger was apparently based on completed well and fixed number of shares. With MNLU diluting share structure to finance well, it should not be a AEXP shareholder expense.

Let's see how many agree or disagree!

[Ecomike]

The 40 cent warrants, expire 12 months after they are issued. They must be exercised between month 5 and month 12 (after the issue date), or become worthless. Smart investors will not bid the price up over 40 cents during that time, fearing warrant conversion and dilution. I have seen this before where the warrant quantity was huge enough, like the current offer indicates.

On the AEXP issue, the question is will 50.1% (or what ever the required number is, I forget) of the AEXP stock holders vote to approve the merger if the MNLU dilution to raise cash happens. Would a second bidder come in with a better offer for AEXP, claiming that MNLU broke the original merger deal terms, and start a bidding war for AEXP?

Any change in the stock swap ratio might piss off enough of the loosing company investors enough to vote against the merger. But the new investors buying the private offering and insiders will probably control the vote on MNLU's side!