Mart Resources Inc MAUXF

Morgan Stanley still on the buy

[mouserman]

Apparently MS not too worried about the deal following thru, and continues to buy up shares from despondent retailers who are getting shaken out. Low volume again today, nobody else seems to be on the buy with the oil prices where they are.
I think many just sell the name because it is an oil stock, and are unawaee that the deal could be finalized any day now. 
Tomorrow it could be halted , the deal goes thru and MMT opens after the halt at around .78 or so...
Its time to hold and add, not sell.
Even if the deal gets kiboshed, i think the uncertaintly will be gone, MMT gets the 5.8 million $ breakup fee, and that tides them over til oil prices recover and revenues start to come in from the newly acquired production field.

[mjh9413]

To me the price MW is offering 'stinks' but I guess there is no other out. However, if the MMT NR can be relied upon, namely, "... Midwestern has provided Mart with an updated framework agreement between Midwestern and a significant Middle Eastern group. " then I would side with 80%.

[freedom-1970]

Morgan Stanley has not sold one share, but crossed 500 share blocks on days with low volume to control the price . I would bet lots of 01 buys are there's also , they are getting this deal closed at way below 80 cents now, Morgan will average in around 60 cents to save million's on the deal. Delays on the closing is to buy time , to clean up all the weak hands .. must say this world

[mouserman]

Selling has come from a lot of different houses, and no real big blocks going. That suggest retailers to me, and the stock seems to sell down when the price of oil drops.... like this last week. MMT will halt when the deal is announced and open after the halt near .80 Just happy to buy at these levels. If you are getting nervous, getting shaken out by the sellers, by all means unload it here. 

[vestor111]

Someone could be accumulating on behalf of MW.   Shake the tree.   Or no one wants exposure to the many virtues of Nigeria, paragon of modern business ethics with an imaculet political record now being emulated in the west as the lack of regulatory oversight of this deal seems to suggest.  :-)  Just sayin'.

[Obeahman]

I still say that if someone is buying for MW, that is insider trading and the authorities should have a good hard look at it.

[mouserman]

Morgan Stanley could be buying MMT for one of their funds, which is sold to hundreds of clients... one of those clients could also be buying thru another house, OR selling thru another house since they are getting exposure to MMT thru the fund.  OR it could be one client buying thru Morgan Stanley using that house as their brokerage. AS far as someone buying for MW, i doubt that is happening.