Mart Resources Inc MAUXF

RE:RE:$1 MILLION non refundable dollars deposited

[mjh9413]

Cannot see how such a deposit shows anything about SL's sealing its borrowing needs. SL are on the hook for (what was it? ) $2.2MM as a break fee and all this MW thing demonstratesis  just how much MW and SL are in bed with one another (while Mart has been kicked out of the bed!!!)
SL are not simply getting $68MM to buyout MMT but another $120MM odd to  payout some of MMT's existing loans to that Nigerian Bank...which is also clearly also in bed with MW( ..as I stated before it is all too incestuous.. ),or fund the E&P obligations for OML 18 under the terms agreed with the sale of OML 18 to Eroton.
Like to remind everyone that the MSA apparently 'falls away' under this deal and the only thing SL is buying is the OML 18 interest through MW (Goodness knows what happened to the 15% Umugini pipeline interest MMT holdbut I guess it goes to MW.) In other words, MMT shareholders get no value for the legacy field or the Umugini: they simply divest to MW for NO RELATED PAYMENT. Goodness knows how First Capital??? managed a positive fairness opinion. 
They all want this thing to end by April 1st when the moratorium is meant to come off. It is no wonder they found the likes of SL. As one investment once said about a merger of waste collection companies in the States..it is just one dog chasing another.