Any insight on how the MHR-E conversion to common might work . The conversion price is stated at $8.50 and the par price is $25 . Does that mean if converted , a shareholder would get $25 divided by $8.50 or 2.94 shares of common for every share of MHR-E ? Thanks for comments
Who is behind XTEX ? Hunt Lawrence and his Yorktown Partners . Yorktown Partners are aligned with shareholders , don't ever bet against Hunt Lawrence .
New Presentation is online . More info on Sadler Pad . MHR gave a breakdown of values of their lands , minus debt . Their math shows a $8.50 NET asset value in a low case scenario, and much higher in a high case situation . MHR , headed in the right direction !!!!!!!!