RE: RE: Well so far all of us seem to agree that..The good news is that after they give SOC the $50 MM to settle this,
dungdigger2, why would Canaco pay $50m for a company that the market doesn't even value over $17M??? And that includes all of their other vast and great land positions(read sarcasm here)...also it includes a speculative premium...the company was worth $6-7m prior to this extortion attempt...and let's face that's what it amounts to.
I think in the end it's possible, remotely possible SOC gets something very small i.e. nowhere near the $50m that you are dreaming about. And SOC would only get this as a nuisance payment so that work could be expediated.
My bet would be nothing for SOC though, hence the suspension until further notice. JMHO