Mart Resources Inc MAUXF

what is most concerning are Wade's SEC troubles

[gibbonsj]

although 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.

[LAMBO]

looks like 52 was the magic #, sellers done?

[gibbonsj]

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

[AdamJT]

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

[gibbonsj]

AdamJT: I cannot fault your logic. I guessed .60 because we had formed a pretty solid base in that range but that was before the Wade question surfaced. If the intent is to avoid ltigation I think anything below .60 could be attributed to his conduct.

[righand2]

gibbons is a piece of internet trash. Do not respond to the troll.