Manitok Energy Inc MKRYF

RE:Manitok Energy sacrificing much for Questfire deal?

[mortgages101]

Apologies if this has been posted in recent weeks. Hard to read through all the posts between CI's nonsense. I wonder how Manitok's largest shareholder feels with respect to putting the sale sign on it's producing assets to aquire new assets. Based on their latest report they were hoping to see Manitok as a 11,000 bpd produer. They own about 17% of oustanding shares. 

"Manitok Energy (OTC:MKRYF) has announced mergers with 2 smaller groups and 1 larger company. The amalgamation with Questfire Energy should close in the next few weeks, making the company an 11,000 bpd producer, and should be accompanied by a refinancing of its debt obligations that should relieve the company of market concerns surrounding its current lender which have rattled the market since mid-'15, when the lender unusually requested that a material amount of its demand loan be repaid." Trapeze Q2 17