OTCPK:MAUXF - Post by User
Post by
gibbonsjon Jun 30, 2014 4:52pm
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Post# 22706690
the divi cut to a large extent was built into sp
the divi cut to a large extent was built into sp This round may well be tied to the expiry of Shell's June 30 deadline. No news is not a good sign. While in the bidding stage the $56M deposit was refundable but since that respective nr MMT's bid was accepted and Shell subsequently imposed their June 30th deadline to prove up financing. Since the announcement that MMT’s bid was accepted there has been no update stating the deposit remains refundable even if the successful bidder fails to acquire financing. Typically it is not unless the delay is on the sellers end.