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MGM Energy Corp MGMCF

Energy Oil & Gas E&P


GREY:MGMCF - Post by User

MGM Energy Corp
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Post by netstarson Nov 21, 2002 12:29am
349 Views
Post# 5601765

News

News"Mosaic Group Inc. (TSX: MGX) announced today that while discussions with its Lenders continue, an amending agreement to reset financial covenants will not be forthcoming." Well either, i) they're still talking about the financial covenants, but won't reach an agreement before earnings are released or ii) they won't ever reach an agreement about covenants and have moved on to discuss other issues, e.g. debt restructuring. What ambiguity! If anyone speaks to MGX before I do, please ask them which reading is accurate and then let us all know. Thanks.
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