Mart Resources Inc MAUXF

RE:RE:RE:What is the true value of MMT

[Obeahman]

gibbonsj 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.