Mart Resources Inc MAUXF

RE:RE:RE:RE:What's the chance

[BlindBat_1]

radcat wrote: Widwestern needs to raise $280 million + options to buy-out common shares. They also have to raise the cash for Mart's outstanding debt, plus whatever the price they will pay for Delta State's interest in Midwestern. If Midwestern & Suntrust do owe us money for drilling services outstanding, this money should be paid to us as it belongs to Mart shareholders and should not be a gift from Wade and our BOD to the stink bid boys. If it is recouped, pay it in the form of a special dividend for whatever the outstanding sum happens to be.      

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Forget what they owe us for drilling for a minute, you seem to forget that (devils advicate) if all drilling was done and no more required. Mart is entitled to 50% of the Oil of each well until they run dry !

So not only is our development cost not being covered, but our forwad benefit is being taken away ( our entitlement to the 50% of all OIL coming out of that field !)