Fair Value: $0.12 we are trading below to acquisition cost Why?
MENACo, which stands for Middle East North Africa Company, is a UAE-based company providing well management, engineering, procurement, and construction (EPC) services in the MENA region. Sonoro Energy Ltd. has entered into a non-binding memorandum of understanding (MOU) to acquire a 20% interest in MENACo. This acquisition is being made in exchange for 40 million common shares of Sonoro at a deemed value of $0.12 per share