Mart Resources Inc MAUXF

MMT price

[iTradeforme]

can someone tell me why this is still being traded even though the deal has been announced? doesn't make sense that you can still buy @ .17 when it'll be sold for .25 in a few weeks??

[lastpick]

Nobody believes it will go through! Read some of the press releases over the last year!

[DinkDonk]

Either Yes win or bankruptcy.  A No vote send share price down to a nickle(5c) then how mmt deal w/ $200M debt?

[ferg2]

I'm voting no to the offer because it is completly without regard for the shareholders, is too low & something conjured up by criminals.We don't have the information to make an informed decision on this offer.Let's not run scared for less than 10% of MMt's value.

[zelyster]

Assuming the offer is in good faith (cough cough) this MAY be the best that Mart bagshareholders can expect. Reminds me of an ultimatum given to National Lampoon readers in the '70's....

[dwtna1]

Sell the OML 18 interest and use the proceeds to pay down the debt. With it's output hedged at $95 the stake in OLM 18 is worth some money - at least San Leon thinks this is the case, surly someone else might as well.

[halapeno11]

San Leon must have a stronger ability to finance over the longer term, plus they have negotiated a deal that is different from Mart's. Reality is that the risks of dealing with low oil prices with no end in sight and a large debt position are huge. Mart had a large working capital deficit in Q3 as well, which isn't something that is gong to improve the company's ability to survive. It