Mart Resources Inc MAUXF

RE:RE:RE:what is most concerning are Wade's SEC troubles

[AdamJT]

gibbonsj wrote: over the last 2.5 years of trading MMT this is undoubtedly the biggest SURPRIZE of all. If we're guessing where the bottom is I would guess that a deals is done at .60 but that's a guess based on what price causes shareholders to file class action suits that will tie up the deal in litigation.  Expediting the sale seems to be the order of the day but even so there is bound to be significant backlash concerning the Company’s failure to properly disclose Wade’s standing. The way this tidbit was disseminated was not in keeping with SEC requirements because it is material and not something to be sandwiched in an update or nr covering a multitude of subjects. How long has Wade been operating under limited or restricted authourity?  To me that is the big question.

What basis for your calculation? Anywhere from 15% or 30% premium over either a 20 DMA or 50 DMA would be inline and fairly rock solid to sell to the market and authorities. That puts the price more likely in the 70's or 80's. The sell down is hands being slapped for not accepting it and the questionable activities relative to SEC regulations. As to the guys talking 1.30 that would be highly doubtful. Simply put we all should have seen this coming or been alert given the need of time to let the new pipeline come on track. It's a great opportunitiy for a company to pick up forward cashflow on the cheap. Capitalism at work here in it's typical fashion. Bearish sentiments to oil have only aided farsighted buyers in presenting up great opportunities. Have to love the markets even if you are on the wrong side of things