RE:My guess is thatsoundandfury wrote: Paul did have an interest in mount bastion........jog capital bought mount bastion in jan 2016.......this would have allowed paul to sell his interest in mount bastion to jog capital........then sgy bought mount bastion from jog capital......but it was no longer mount bastion really but an investment on the books of jog capital.........was the classic case of i'll scratch your back if you scratch mine..........jog capital and sgy have made fools of all sgy shareholders by being the middle man in the deal.......and without a doubt profiting nicely useing sgy balance sheet ( in other words jog capital stole sgy balance sheet right out from under your and my nose) ......very smooth indeed
Surge entered into a confidentiality agreement with MBOG on May 4, 2018 and commenced its diligence on MBOG thereafter, including on the operations and assets of MBOG. Technical presentations were also held by MBOG's management with 10 third parties, including with Surge on June 27, 2018. MBOG also entered into reciprocal confidentiality agreements with certain third parties to review confidential information relating to such parties to determine MBOG's interest in pursuing a transaction with such parties. MBOG entered into a confidentiality agreement with Surge on August 14, 2018 and commenced its diligence on Surge, including on the operations and assets of Surge. On July 18, 2018, interested parties, including Surge, submitted non-binding proposals for various alternative transactions between such parties and MBOG. MBOG management had several discussions with MBOG Board members to assess the merits and terms of such proposals, including the proposal from Surge. MBOG management directed National Bank to go back to the interested parties who had submitted proposals, including Surge, to refine certain details of their proposals. On August 1, 2018, interested third parties, including Surge, re-submitted nonbinding proposals.