OTCPK:MAUXF - Post by User
Post by
radcaton Mar 18, 2015 9:26am
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Post# 23533114
The Long Shot
The Long Shot Suggestion:
OPEC meets June 5th and surprises the markets with a production cut with Russia's cooperation as well. Crude oil rallies over the next ten days up to Mart's June 15th meeting. Will institutional investors sell out to Midwestern at 80 cents for them to achieve a 66 2/3% yes vote or will this scenario warrant MW to up the ante? Might even be a reason to vote no and keep the status quo. It will be the institutional investors Midwestern will have to win over, and they know it. If not, then its no dice! Can anyone say with fact Nesbitt etc. will vote in favour of this schitt deal? I have yet to come across a news release stating this.
As I recall, It happened once before when we received the 14 cents stink bid from Westfield after oil plunged from $147 to $33 dollars. Westfield kept getting extensions to raise the money to buy mart but couldn't raise the funds. Meanwhile while Westfield kept getting extentions oil also had additional time and rallied to the mid $50's. Mart was then making enough to Terminate the Arrangement Agreement and pay back the $3.5 million dollars bridge loan.
I remember vividly when Billy The Kid suggested we don't need the take-over offer and now have the cashflow to pay off our then $28 million dollars debt. Shortly after that post the above occurred. Lighting may strike twice albeit a long shot.
OPEC Meetings
Here you can find details of forthcoming OPEC events. Journalists and oil industry analysts are welcome to attend these events, provided that they register in advance.
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Date
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Event
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Venue
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5 June 2015
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167th (Ordinary) OPEC Meeting
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Vienna, Austria
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