Mart Resources Inc MAUXF

RE: Can anyone please tell this board please

[dowd]

Does anyone really believe that management has any desire to build shareholders value here?

It clearly states in the proxy that Westfield was negotiating to offer management future "compensation" for continuing "employment" The amount of this "compensation" is not disclosed. Use your imagination.

If management is guided by this "future compensation" then are they working in the interests of shareholders or for the interests of their new employer: Westfield?

Management is also slated to receive lump sum payments for their old employment agreements being terminated.

I think it also stated that no manager owned more than 1% of the stock. If I am wrong on this could someone point it out?

There seems very little incentive for management to try to build value for shareholders. The incentives appear to be to get big lump sum cash payments and then new employment "consulting" deals with their new employer.

I believe that if management can find a way to extend the time for payment then they will do it even if they need to extend for a year or more while oil moves to $100 barrel. Alternatively, they could try to dilute us into oblivion with a massive private placement to Westfield at a low stock price and pave the way for a two stage takover.

I can't prove it but I suspect management is just out to screw the shareholders as much as possible. Anyone hoping for this deal to fail and the stock price to move up to 20 cents or more is likely to be sadly disappointed. I think it is more likely that the stock price goes closer to 5 cents and then a giant private placement is announced near that level.

Anyone have an opposing view?