OTCPK:MAUXF - Post by User
Comment by
Obeahmanon Aug 14, 2015 12:39am
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Post# 24017436
RE:RE:RE:What is the true value of MMT
RE:RE:RE:What is the true value of MMTgibbonsj wrote: MW has had lots of time to pull the plug and they haven't. In fact they have now agreed to pay the taxes on the $5.8M break fee which says they want to close the deal.
I think that clarification is required here.
My intrepretation is that the taxes on the 5.8M$ will come from the break fee.
Here is the wording:
The Second Amending Agreement also provides an additional covenant on behalf of Midwestern that should the transaction not be completed, Midwestern will pay Mart's portion of a corporate tax liability out of the proceeds payable under the reverse break fee.