TSXV:CART.H - Post by User
Comment by
2stereoon Mar 08, 2018 10:38pm
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Post# 27688601
RE:RE:RE:RE:RE:RE:CEO Now Controls approximately 30% of Shares
RE:RE:RE:RE:RE:RE:CEO Now Controls approximately 30% of Shares Cub Energy owes KUB-GAS a whack load of money and the deadlines to pay keep getting extended. There is no assurrance the loan will roll over this time.
I note that the KUB-GAS CFO is now the CFO at Burisma.
2 dry wells on a producive zone after Burisma bought the 70% stake. Royalties now at 12%.
Burisma may well try for a hostile bid, but if KUB-GAS call's the loan and CUB Energy can't raise the funds, then the company is for sale at 10 cents.