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Bullboard - Stock Discussion Forum Manitok Energy Inc MKRYF

Manitok Energy Inc is an oil and gas exploration and development company. The corporation is engaged in the exploration for, and the development, production, and acquisition of petroleum and natural gas reserves in western Canada. It mainly focuses on conventional oil and gas reservoirs in the Canadian foothills along with crude oil in Southeast Alberta. The majority of its revenue is derived... see more

GREY:MKRYF - Post Discussion

Manitok Energy Inc > Mass/Persist/Tantulus
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Post by Ryanced on Apr 28, 2019 1:26pm

Mass/Persist/Tantulus

Even if this stock traded again, which it won’t, it wouldn’t be worth anything, what Mass (Persist Oil and Gas, and Tantulus Energy) paid for all of Manitoks assets were pennies on the dollar, it won’t even cover what the bank debt was , let alone all of the money owed to the suppliers and service companies.

just as another 40-50 wells were transferred over from manitok to Tantulus on April 17th, Mass was busy raising another 2.5 million through his Persist Oil and Gas Company from one investor to cover these purchases, Persist was created to fund Tantulus, only person walking away a winner here is Mass.
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