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Reliable Source (horse’s mouth) that buyout deal happening.

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tradingformyfuture   Monday, 05/20/19 06:31:49 AM
Re: jonsmile post# 5205
Post # of 8289 
Reliable Source (horse’s mouth) that buyout deal happening. CEO will stay on for 5 years. Reason I believe we haven’t had confirmation of Good Faith Deposit of $15M and first and second payments. Remember what 8K said: once $15M Good Faith Deposit confirmed the deal is binding. With buyout, means CEO got a better deal so we won’t hear about confirmation of wire transfers. CEO says $60M a year was to be made from deal with Organization Mondiale de Development. At 3x-4x earnings, CEO says cash value of MRGE stock worth between $1-$2. So hopeful we get buyout price of $1 a share cash plus stock to get that price. Hoping acquiring company, which is purportedly a Nasdaq traded company, is an A list. Then we get paid and get stock which could get us to original $7 price. Remember when MRGE project first announced stock went to $7 a share. Yep. $7 a share. Thoughts?

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