Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Montello Resources -- Ignore unavailable to you. Want to Upgrade?

To: chummer who wrote (1621)	2/21/1998 11:17:00 AM
From: JP	Read Replies (1) \| Respond to of 4256

Redwoods share is only 30% at this time. Once they are fully bought in they are at 50%. Go to Montello site and read the news release (May 7). montello.com They have to come up with another 5 million before they own 50%. If Redwood wanted the ability to come up with money as the scene changes then it is only reasonable to assume that Montellos options remain open. They would have been poor negotiators if they gave away the farm prior to a guaranteed commitment from Redwood. This means that Montello still owns 70% at this time and they should have the right to get out of the rest of the deal with Redwood since Redwood can decide not to excersise their options. IMHO JP (Since I have lots of MEO and no RDW I hope I am right) :)