NTA is around 5c , most of the NTA is a receivable from Mariner Coastal Land Trust, which I must admit is not 100% certain, I would say 80%
More importantly Ireland will knock $5million off the debt next few months . The rest is petty cash, not due for 12 months and he can easily do a rights issue to clean it up
going forward..........
this is Bill's chosen vehicle for redemption. I believe in him, he's smart, honest and connected into the money flow grid
I'd say 90% confident he'll return MFI to profits within 12 months. I bought at an average of 1c and I'll just sit on them for a few years and see what Ireland can do.
MFI Price at posting:
1.5¢ Sentiment: None Disclosure: Held
