Fighting for.....maybe...if they can get it for next to nothing...but..Emerald states in its announcement of the MOU on 17 Feb that Entek is currently working to complete its farm in obligations to New Frontier to earn the 55% working interest in the GRB. So, they have still to fund and complete the drilling program before they can even think of acquiring 100% of NFEs GRB operation, I think its unlikely that they can do this as fund raising would be required again, so soon after raising $7.6 million through the placement of 62 million shares in Sept 2010. I estimate they would need the same again to acquire NFE interest, and some again for working capital. This would leave them somewhat overstreched and a good candidate to follow NFE into bankruptcy.
So...delaying tactics while they use lawers to ferret out any loopholes they can use, and there are probably none.
Lets get on with letting Emerald see that rabbit.
lawyer's lawyer's lawyer's, page-6
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