GREY:MGMCF - Post by User
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SiftThruBSon Mar 12, 2014 8:34pm
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Post# 22316501
Paramount Resources & MGM
Paramount Resources & MGMParamount currently owns 13.9% of MGM Energy. Clayton Riddell, Chief Executive Officer of both Paramount and MGM Energy, currently owns approximately 31.6% of MGM Energy. There as at least one other affiliated shareholder of both companies that puts this into a controlling interest ownership position (over 50%). This may have scared off other potential purchasers of MGM that wouldn't be able to call the shots. Mr. Riddell has indicated to Paramount that he would support this transaction as it relates to his holdings in MGM Energy common shares. Is this acting in the best interests of MGM Energy's shareholders? I think not.