OTCPK:MAUXF - Post by User
Comment by
benmaxon Nov 18, 2015 4:19pm
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Post# 24302589
RE:RE:RE:RE:did anybody listen to the CC this morning?
RE:RE:RE:RE:did anybody listen to the CC this morning?
As we are aware Delta is unable to obtain the bank financing and is searching for additional funds without using their own equity. The Chairman indicated that Delta is legit and he has worked with them before. Marts break even is $40-$43 is per barrel The PP will carry them over until Delta can get the financing (or IF they can get financing). If not Delta (upon shareholder approval) becomes a large minority shareholder and will work with Mart to sustain operations. If Mart gets another offer they have to pay a break up fee. Call seemed more positive than bleak, but who knows what is really going on.