MTA.L Share Price (MTA)

Is this share dead? I see Matra Petroleum is now Pure Positioning AB, so a completely different form of business, different management team etc, however if we had shares in the original MTA, does that now mean we hold shares here, or is that complete wishful thinking? cannot believe the demise of MTA as it was doing well at one point and seemingly had a lot of potential! you can trust noone in this game it seems!

Well that looks to be the end of the road. Received an email from Matra this morning, main part as below.

Creditors under credit agreements with Legacy Texas Bank and Melody Business Finance have demanded acceleration of Matra’s US subsidiaries’ obligations and notified these companies that all debt, in total at least USD 73.6 million, is due and immediately payable to the creditors.
The creditors have further requested that collateral for the loans is sold at forelosure sales on July 2, 2019. The collateral includes essentially all Matra Petroleum’s oil and gas assets.
Matra Petroleum’s U.S subsidiaries have not secured refinancing, are considering liquidation options, and will take action in accordance with relevant insolvency legislation in the USA.

Looks as if its the end of the road for shareholders

So quiet on here now , have we all given up hope of any return , I certainly have .

Starting to do well...production building...our money will come back one day soon...OIL