Replies to post #5920 on Mainland Resources, Inc.(fka MNLU)

[MONTANAJOE]

"The Leases were previously held by American by way of an Option Purchase Agreement. American was unable to provide reasonable financial consideration acceptable to the owner of the Leases and was deemed to be in default of the provisions of the Option Purchase Agreement. As a result, American automatically forfeited and transferred to the owner all rights under the Option Purchase Agreement including, but not limited to, the Leases".

You say they shafted AEXP? To me it reads AEXP didn't have the money to pay the leases. What was MNLU supposed to do pay them for AEXP and still do a 4 to 1 merge. You should have just purchased MNLU instead of trying to make a few more dollars playing the merge. Pennies are risky enough!!

[playsmall]

Mike AEXP shafted AEXP. They are the ones who defaulted on the well $ and they are the ones who defaulted on the lease $. Go MNLU!!