Foreign Corrupt Practices Act (FCPA)Securities Exchange Commission (SEC) and Dept of Justice (DOJ) have prosecuted many oil and gas and other corporations for violations under the FCPA for bribery and influence peddling. Those included Total SA, Halliburton, Ani, Deutsche or "Douche" bank, Goldman Sachs or Goldman Sucks etc.
It seems strange that Reco would pay $2 million cash and 5 million shares for Namcor's 5 percent interest. Namibia's National Oil Company (NoC) or Namcor has 10 percent free-carried right to any oil concessions. Why pay money since Reco already owns 90 percent and there is no oil found and the basins are nearly worthless !!??
Reco states under the Short Form Prospectus that any action under FCPA will devastate the Co and it's stock price.