OTCPK:WSRLF - Post by User
Comment by
canadafoxon Aug 07, 2015 6:27pm
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Post# 23999440
RE:RE:RE:RE:WesternZagros Resources Ltd.: Update From CEO
RE:RE:RE:RE:WesternZagros Resources Ltd.: Update From CEO
MJ: Quote; 'TLM relinquished Kurdamir within TLM-Repsol take-over negotiations'
It would have been news I am sure to the TLM-Repsol team that you were sitting at the same table as they during their M&A deliberations.
TLM relinquished T-K as they NR'd but TLM were not owned by Repsol at the time. FYI; being in negotiations does not mean that the potential acquiror has actually acquired the target. That only happens once the deal is finalised. In the meantime the target has to operate the business as best it can - lest the proposed deal falls through. TLM made a decision on T-K whilst in financial distress but Repsol subsequently decided to stay in ( or effectively re-acquire ) the T-K licences - as NRd - after they had acquired TLM.
Thus endeth Lesson 101 on Business..
In the TLM and subsequent Repsol decisions on T-K WZR were just an inconvenienced bystander. So, tell everyone again, what is your point concerning Mr Hatfield and his 'lies'. Apart from you wishing to perpetrate an incontinent diatribe against an innocent person?
Thanks and I am sure investors and WZR management will be very interested in your explanation.