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Bullboard - Stock Discussion Forum Petro One Energy Corp CUDBF

GREY:CUDBF - Post Discussion

Petro One Energy Corp > Do I have this right??
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Post by MurrayMac on Oct 08, 2014 11:13am

Do I have this right??

KMDC entered into a $100 million deal with POP, and have so far missed two payment deadlines, and POP has only received $1.1 million thus far??

And some call this a great deal?
Comment by Lowpatch77 on Oct 08, 2014 11:18am
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Comment by greenT on Oct 08, 2014 11:21am
true, funds coming slower ... but they are coming ... 1.1mil received so far, the deal is signed ... oil is here - see reserves report ...    if they want to benefit from that oil, no doubt they'll bring the funds ... 
Comment by frewil1 on Oct 08, 2014 11:21am
I hope this deal go's through but this in my opinion is know way to do business , I wonder if the outlook of where the price of oil is heading has anything to do with the way KMDC is having trouble  coming up with the cash, the share price will probably drift down in the next week or two while yet again the market waits to see if KMDC will put more skin into the game, you have to love the ...more  
Comment by Jeff27 on Oct 08, 2014 11:36am
I agree. Delays are and will happen but this NR sounds like POP is almost apoligizing to shareholders and others when it should be KMDC. just come clean and establish a firm commitment without another 14 day or possibly even loinge delay . KMDC are losing credibility very quickly IMO. Good luck to all
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