RE:RE:RE:RE:An UpdateLeerykevin wrote: This was originally a pure oil play (as Mooncor, their previous name) that proposed another crazy transaction that fell through and saw them start a pipeline remote sensing business that has keep the lights on for many years now.
Anyone doing simple due diligence by reading any SEDAR MD & A can find out these facts along with the fact they still carry oil wells, shut in for years, that are major liabilities with Alberta starting to police abandoned wells.
IMO there is no way they will raise the 1 million cash added as part of this "recent" transaction.
This play was "pumped" on CEO.ca by someone with a Twitter following posting Emerson updates with such topics as "space cabbage", with their grow lights part of a international space station experiment. Truth is stranger than fiction, I couldn't dream this stuff up. lol
I am very familiar with the Mooncor - Augusta story because I have been there done that. The way you wrote the words I thought you were implying that Emerson was carrying a bunch of abandoned wells. Mistake in my reading -- no worries.