OTCPK:MAUXF - Post by User
Comment by
harbroon Jul 27, 2015 11:49am
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Post# 23963058
RE:"Second Amending Agreement"
RE:"Second Amending Agreement"This deal has become a joke, and no one's going to trade on it's potenial any time soon. Perhaps there was no choice if Midwestern was not be able to pay the break fee, so Mart is now trapped into never ending rounds of extensions.
IMO the deal shareholders voted for has fundamentally changed, and Mart should either exercise shareholders right to the 5.8m break fee, or call a new vote to approve extending this "deal" for however long they see fit. At the very least, continuing a search for alternate offers should be initiated.