OTCPK:MAUXF - Post by User
Comment by
righand2on Apr 05, 2015 6:08pm
317 Views
Post# 23598885
RE:RE:Why Mart will sell for 80 cents
RE:RE:Why Mart will sell for 80 centsbullmarkets wrote:
If this was a done deal- stock would be trading a lot higher than .52 cents.
200 million in debt and a 50 million tax obligation.. Cash flow at current prices are going to suck..
looks like they are getting squezzed by the banks as there is no more room on the credit facility..
should be interesting anyway.....
Considering most of the debt is for the purchase of OML 18 and for initial development capex, and most of the rest is money owed to Mart by Midwestern, in reality it is just a number used by the bashers, or those who don't know what they are talking about. Mart was put in this financial position for a reason, and that reason is to force it into this sales process. That is why it will get done, no doubt whatsoever.