GREY:SMBZF - Post by User
Comment by
yycblackgoldon Jan 24, 2019 10:22am
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Post# 29275202
RE:RE:where we are
RE:RE:where we areIn order to meet the Jan 31 deadline, the financials just have to be proven to be in process not finalized. I believe that Vancouver did receive partial payment to start the financials and are awaiting another payment to finalize. I have also heard from my sources that CNPC is the firm that the Indians are talking to, basically Essel Global has cut off further funds and as such Essel Dubai are shopping to farm out their working interest for a capital carry (I assume they will give up 50% of their 60% to CNPC and CNPC will drill the 2 wells).....the other option is to have a white knight buy out Essel Dubai (1 cent per 100 MM shares they own) and assume the 60% WI.