RE: RE: RE: XT & FLX If you add up what they are pulling for Management, Administration, and consultants fees amongst VGD, FLX, and XT it is quite a bit and as a shareholder I am concerned about their diluted working interests.
At least there is work being conducted at FLX and VGD whereas all they are doing at XT is burning capital slowly (MGT Fees) go figure. This stands to reaon though because Martin and Sylvain do not hold shares in XT outside of options.
Therefore I conclude FLX will be the benefactor should there be some deal between XT and FLX and I'll be watching for any conflict of interests for sure. Given they only have a vested interest in FLX.......I doubt any deal would fail to create shareholder value at FLX
Perhaps it's just coincidence XT BOD is revisiting the ree property which is regional to FLX & MAT but I find the timing quite suspect especially when FLX is on it's last legs capital wise and has limited options to raise capital without SUBSTANTIAL DILUTION. XT keeps it in the family and has a very favorable share structure and $3Million in the bank with no debt.