OTCPK:MAUXF - Post by User
Post by
gibbonsjon Feb 24, 2015 1:40pm
371 Views
Post# 23459687
what is most concerning are Wade's SEC troubles
what is most concerning are Wade's SEC troublesalthough I am led to think they concern other unrelated business ventures he is nonetheless now operating in his position with limited (curtailed) authourity. I'm sure many like myself are in the dark as to what if any of his problems are linked to MMT but the uncertainty begs the question of what sort of nefarious dealings has he been engaged in? The question of Wade’s integrity is surely part of sp action but there is also the question of MMT’s ability to cover debt obligations at today’s oil prices. The entire OML18 thing does not seem very well thought out. There was no shortage of warnings that rough waters were ahead. Even I, with the limited information I had, got out of oil while at the same time Wade is taking on massive debt to expand. That government officials selected MMT over other well healed groups is saying something about hidden agendas and intentions to transfer ownership to indigenous groups. I’m sure IMF would think of this as nationalizing which of course flies in the face of IMF’s drive as a Western proxy to privatize and unbridle everything from fruits and nuts to oil and gas.