Ann: MEL announces scrip merger with Elk Petroleum, page-6

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  1. 99 Posts.
    dreaming again (have these sometimes) MEL was over 50 cents and having a bright future.... but woke up to see we are merging? all script? with a company that has a sp chart similar to us?

    i didnt put over 150k into a this company to end up being taken over by a comapny just as weak.. goodness me what hard negotiations must have taken place for this to happen.. better just give it all to santos etc... but i doubt they wanted mel. just goes to show what our investment is really worth when all we can get is paper from ELK !!!!!!
 
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