Mart Resources Inc MAUXF

subject to a financing condition, yike

[MasterTiger]

The arrangement is subject to a financing condition. San Leon has agreed to complete a financing and advance sufficient funds to Acquireco in order for Acquireco to deposit the aggregate per-share consideration and certain amounts relating to Mart's transaction costs with a depository on or before Feb. 17, 2016. Acquireco has agreed to use commercial reasonable efforts to satisfy the financing condition on or before Feb. 17, 2016

[mjh9413]

Go to the San Leon website. Much more info there than the MMT Board gave in NR (what does one expect!!!). They say they have $100MM out of the $180MM, but that means nothing in terms of all these proposed deals we have seen for MMT. I still don't get why they had that 50% caapex limit imposed EXCEPT to squeeze MMT into Midwestern's arms. And why did wwe not have better idea of those OML 18

[QUANTUMJUMP]

The hustle has been ran since the get go , why are you acting suprised Who owned the company contracted to drill .... hint Batman

[MasterTiger]

Sounds like a great deal of games being play. Looks very tempting. Free Money?

[righand2]

There is no such thing as free money. If you don't own it, stay away. There are a slew of creeps like 'redscorpion' posting like mad who didn't even know MMT existed yesterday. Now they are experts? The deal might get done, but you have to decide if it is worth the risk of losing more than half your investment if it fails, or maybe all of your money.

[redscorpion]

I take that as a compliment from you, in particular from a goody two shoes (ein Gutmensch)., a perfect human beeing

[mjh9413]

There is no way my post expresses surprise. I have concrete questions about the reporting from mgmt and have been trying to get answers from both the Board and through the Regulator for months...why was ther moratium imposed on all capex when main borrowing related to OML 18 only? Why has the revenue from OML 18 never been reported? Why was there no revelation of those OML hedges? Why no statement

[righand2]

  The lack of disclosure may be the basis for a lawsuit?

[DinkDonk]

MMT deal w/ Midwestern in March 2015 for .80c/share when oil was 50$.  Today oil is around 30$ representing 60% of 50$.   Doesnt that make say .45 to .50c sounds right?  25c a lowball offer or maybe Mart couldnt find any one off load the property.