A Few Questions from a shareholder of RECO and ROE Once Renaissance is acquired by RECO, would RECO bear all risks from possible civil actions against ROE?
I also wonder why RECO farmed out 50% of a portion of the Kavango Basin to ROE last year, other than the fact Mr. Steinke is involved with both corporations. Was the merger contemplated when the working interest was sold to them?
I'm not saying anything improper happened here; as I said, I am a shareholder in both companies. But, in effect, RECO seems to be buying back its farm out but instead of buying just "the cow," they are buying the entire farm -- when they owned 100% of the Kavango property just a year ago anyway!
Perhaps RECO intends to spin off the Mexican projects down the road or this "merger" will allow the merged company to ride out any difficulties with ROE's stalled Mexican projects which ultimately could become profitable.
I'm sure this is very clear to some of you so could someone explain what I'm missing here?