OTCPK:MAUXF - Post by User
Comment by
mjh9413on Mar 01, 2016 11:51pm
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Post# 24611537
RE:RE:RE:The sad story about mmt.to
RE:RE:RE:The sad story about mmt.toHey this is Nigeria...the land of scams. I did however believe the old relationships were legit but since this thing with Wade blew up MMT gets no capex compensation on the old field (the moratorium 'was' intended to be til March however, but that will no doubt change); they get no income for their 10% interest in OML18 (which is pumping out about 36,000boepd), instead it goes to Eroton; and the Bank increases the interest rate on the loan to MMT!!!!
Plain disgusting the way this Board has been acting. Not protected shareholders one sou, and First Capital should be ashamed of being involved especially when they are not prepared to even put Fairness Opinions in writing to all shareholders but just whisper in the Board's ears!!!
San Leon is a dog too. So they would perhaps be better suited to this gang of thieves in Nigeria.