I agree wholeheartedly cmon - why would anyone fork out $25 million, more or less, for a half share. Any potential purchaser would simply sit back and wait for MOB to foreclose and pick up the whole show for far less than that. According to 10Q, current net liabilities (including the hedge book) are approx. $28 million and you would expect that this has increased since then. MOB couldn't care less about any unsecured creditors, they would only be interested in clawing back as much of their debt as they can. 31 March will be the day of reckoning.
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I agree wholeheartedly cmon - why would anyone fork out $25...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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