GREY:SMBZF - Post by User
Comment by
HARJAYon Mar 02, 2020 11:32am
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Post# 30756171
RE:RE:RE:RE:RE:Dead yet?
RE:RE:RE:RE:RE:Dead yet?Bull
Not sure why you are arguing with Virgo , they have made it very clear from many past comments that they very much dislike Dinning and nothing your gonna say is going to change that .Not sure excatly why but for all the cristiscm they did particpate in mny of the PP's and so i can only surmise they feel that soemhow they where mislead by him and got it into their head tht this was gonna be the next big thing when, sure it hd great potential but until they hit the gusher all it ever was , was a spec resource play in a far off land.
Facts are Essel no matter if they paid off debt , did some sesmic etc which was part of their commitment anyway and kept the co. alive for the last few yrs but the bottom line is they didn't live up to their total commitment and now have walked away. Dinning from when they bought in was totaly reliant on Essel for everything the co. needed to do to be successful going forward from their buy in and thats the fact.
Essel either ran into financial hardship themselves and couldn't come up with the money to move forward or didn't want to pour anymore money into FMG and just thought it would be less costly to walk away as i don't see what remedy FMG could get out of them. FMG doesn't have the money to sue and has been left high and dry by Essel.
The only hope we have is some other entity sees value in the potential of the properties and is willing to sink some money into this and keep the dream alive.