OTCPK:MAUXF - Post by User
Comment by
mjh9413on Aug 18, 2015 3:07pm
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Post# 24028882
RE:RE:Who wants this mess
RE:RE:Who wants this messIt is a mess and particularly as it is nigh impossible to get a read on MMT's value and what the heck is going on in the background. Their financials relate only to Umusadegene (sp) but the have a 10% interest in 24,000boepd (OML 18's June production) which is not accounted for in those NR numbers.They also have that interest in the Umigini pipeline. Also the 50% capex share shown in latest financials is only at this level because of something in the bid Agreements with MW...what are the real numbers when MW finally withdraws its bid? And why is MMT simply not taking the $5MM+ and related tax coverage and bringing this bid to an end rather than talk of a lower priced bid?? What the heck is going on in the background??!!!Does MW feel it has MMT over a barrel for some reason!!! MMT's Board needs to get off the pot and truly protect shareholders' interests!!!