May 16, 2023 at 6:30 am
#4731

Keymaster
There has always been some expectation that MKA would increase its holding in Maginito, but to move straight to 100%at this stage is a strong signal of the value that the company see in this business. The structure of the deal looks good with earn outs (with cash / share mix at company’s discretion), though we are obviously frustrated that shares are being issued at a time when the market is attributing such a low value to them. However, such opportunities come along rarely we trust that management have seized the moment to capture additional value for shareholders