MHL
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0.00% 0.3¢ monitor energy limited

sentry petroleum update latest sec filings, page-7

  1. Brantley
    2,629 Posts.
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    01/06/08
    11:03
    Post #: 3797160
    Hi ckanego9,

    Yes it can be used as a "Stalling" tactic when a company is close to doing a deal. In my 30 year career as an international banker I have seen it used for a variety of reasons. Time will tell on this as they will have to either issue their Financial Statements or request an additional extension within the reporting time frame.

    Cheers,
    Brantley
    MHL Price at posting: 0.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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