I stand corrected re the loan facility.
Of note, petroleum creek limited (PCL) is a classic example of the board looking after each other - mog lent pcl $2m (see bottom of p.18).
the salaries these turkeys are paying each other are outrageous - mog's board needs meo's $9m to keep paying themselves...
there are 20 million mog locked shares that will become salable to both the chairman (barr) and one of the directors from 20 March 2015 - i.e. in about 8 weeks time. of note, 20 million mog shares equates, according to mog's latest offer, to 200 million meo shares or circa 25% of meo's issue shares)!!! What a joke.
Adl
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