US Precious Metals (fka USPR)

[russo123]

With all this talk about non compliant 43-101, and Berry releasing data that USPR has not, one thing got lost in the shuffle.

"The delivery of Payment to Duane Morris must occur prior to December 1, 2014 or the agreement to release the liens will terminate"

That was from the 8k that USPR put out on 11/4. "Prior to December 1, 2014". That's Monday. I see no announcement from USPR that they lived up to that statement in their 8k. I think it would be awfully incompetent of management to have paid this settlement and not informed shareholders. So I think the only logical conclusion, along with USPR's recent timeline failures, is the deadline wasn't met.

So all those theories when the 8k was put out on 11/4 that "USPR wouldn't settle unless they knew they had the money", or "why would management risk violating SEC laws by putting out an 8k that wasn't true", or "USPR's management is doing a great job"...

Not so much.

"or the agreement to release the lien will terminate".