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Yea. I know and remember.
Dont worry, it'll be back soon.
Btw, thanks for all your reason Cj.
Dude.
Reasonably, both you and I know that it should hit .15 within the week because I'm pretty sure the good people of China will be announcing a 45 million dollar joint venture (which is fair enough) in exchange for EEGC bailing them out of the SmartWin debacle.
Geez, lol.
These shares are golden.
Anybody care to wager .015?
http://ih.advfn.com/p.php?pid=staticchart&s=EEGC&p=7&t=17&showctype=1&width=336&height=190&delay=1
Its a true breakout!
Probably end up over .01 today!
Congratulations longy longs!
We should see a few million purchased today. The boat has departed.
Hasta la vista, baby!
Baseless and nah, nah-nah, wrong.
TWGLL still represents AND speaks for the firm in all matters concerning the case.
Just relax.
No.
I'm sure TWGLL will be drafting the announcement (considering he represents the firm), taking his time and making it all ticky-boo. Dont worry.
90 percent of all civil cases are settled.
As such, neither party of any settlement admits any wrongdoing and neither party can speak about it w/o penalties.
Congratulations to Malcolm. Certainly he won. But he cannot even state so.
The only evidence we will see is an influx of $$cash$$
Ok.
But, the facts are that Empire hired Hunt to drill a certain depth and the Hunt 3 could not drill that deep, correct?
Also, from what I've read of the facts are that Hunt further could not get that rig inspected as required by MRT.
Therefore collaterally, Hunts non-performance is certainly specious and tortious. Especially, considering what they were paid.
Interesting.
This is a civil matter.
But, you're using the word innocent with its connotation to crime.
Are you suggesting Hunt acted criminally?
Dont think Paul is quite narcissistic as others.
No.
Complain against the old owners of Hunt. Provided the matter was not disclosed upon the purchase.
It could also be called a recission.
Lol, vicarious liability?
On its own, that wont happen.
SmartWin has no standing against Hunt.
SmartWins contract was with Empire and (supposedly) only Empires was with Hunt.
Strange how Hunt accepted payment from SmartWin though...
Whats even more bizarre;
Unless Hunt signed a release that they were paid by Empire (through SmartWin) then Empires on the hook.
But, thats a whole nuther story!
Yep.
Though Malcolm tried, Empire was precluded from retaining its own funding pursuant to the contract.
As such, SmartWin acted selfishly by disallowing outside help.
Further, according to the exhibit list, by drafting 2 Jv proposals trying to get a better deal and second guessing by requesting the seismic in order to fund while the rig was in place speaks volumns.
No wonder SmartWin is stuck like a truck.
Mighty Malcolm wont let them go.
Not quite how pitty or pinti portrays it eh?
Just wanted to share a place with the rest of us lesser sovereign minions a place to amuse ourselves with.
Boy, oh boy...
I tell you, there's nothing like getting all dressed up, smelling good and looking professional for another day on the nurturing SmartWin teet.
Lol, shoddy work?
If anything, it sounds like a little housekeeping and further crybaby, unreasonable behaviour on the part of Ochopintti.
If all of the exhibits for both parties are the same, who in their reasonable, right mind would want to label them differently in court (numerically and alphabetically) even if it was required in the part rules.
Wah, wah...
Seems to me it would be a lot easier if both parties could refer to the same exhibit in presenting or referring to their respective cases.
I believe it's called judicial economy.
Boy is SmartWin getting milked.
I wonder how much that letter cost.
Btw, any idea by how or who is paying for Mr. Ochopintti?
Apparently, the factual email log proves that Cj is correct.
SmartWin was trying to negotiate a joint venture many months after their allegation of any default or timeline where they should have paid the balance of the contract to move the drilling forward.
Why would the do that if they felt Malcolm was screwed up, so-called over budget and all ready in default?
Well, apparently its all a ruse, as Judge Oing pointed to because that process of re-negotiating the terms for the joint venture did not go well for them obviously as they intended pursuant to the emails.
Thats why, imo, they had to come up with some bogus reason like being over budget.
What a joke.
They are so done.
Great due diligence Cj.
Nobody in their right mind can dispute those facts. No matter "how fair and even-handed" they claim to be at times.
I agree, devastating.
Devastating and not smart at all for SmartWin, New Times & Sino Oil, et al to actually pay for that kind of work.
Imo, that filing should be captioned as:
[PROPOSED] FINDING OF IRRELEVANT FACT
Pure speculation and more fluff.
Malcolm did all he had to do pursuant to the contract and agreed upon 5 million dollar budget.
SmartWins contention through their attorney of "up to" 5 million is simply rediculous as they agreed upon the, again, 5 MILLION DOLLAR, clearly spelled-out
BUDGET for Empires considerations.
Otherwise, Malcolm could have underfunded the 39 million shares, as an example, like SmartWin had with their funds.
But, he did not.
So in essence, because of Malcolms fully compliant considerations pursuant to the contract, SmartWin, by not fully funding the budget, literally stole the balance of the agreed upon budget from Empire.
Its really quite simple;
The court has an amazing ability to sloff off the fluff, disseminate the extraneous and wittle down the issues, plain and simple. Therefore, Imo, credibility issues, as some suggest are superfluous because its a real simple breach of contract.
Probably its going to play out that for consideration of the promise, guarantee, note, etc. and the work being performed by Empire, SmartWin failed to perform its bargain.
Due diligence happens before signing a contract.
http://www.reuters.com/finance/stocks/chart?symbol=0166.HK
Care to explain this?
Oh, my bad...
No expaination necessary!
Nope.
Some of us figured out Empire was a huge buying opportunity long ago.
Probably afraid to spend the remainder of the loan because of the then entire world financial crisis?
Look at this chart:
1 year cup and handle with a double bottom.
Very, very interesting.
http://ih.advfn.com/p.php?pid=staticchart&s=NO%5EEEGC&p=5&t=19&vol=1
I think I'll have a perfect spot of tea.
Lol, and put that on a sauser!
Interesting.
My memory serves me there was only a few month holding period before it could be reassigned and the appeal is gone so no further tolling. Was the appeal dismissed? Or, put in abeyance?
Seems to me its being put on the shelf for someone.
Got any ideas?
Talk about interesting...
There has been no news, no word from Malcolm for years and the stock up more than 600% in just a few months.
Kinda makes everything else look uninteresting.
Lol.
It is an established and proven fact that the attrition of this company or that company is superfluous here.
Except of course, as to how specifically it is attributtable to SmartWins breach.
Mmm, ok.
50% huh?
Apparently Paul is chasing that fluffy wittle SmartWin wabbit down the hole and fully intends on schwacking them all the way back to China.
I believe you are wrong.
In my opinion any judgment against SmartWin is collectible against Sino, New Times or Genisis.
However, odds are they will settle with Malcolm beforehand for less than the actual damages. Probably to the tune of 15 to 20 mil.
On the other hand if Malcolm is such the stallworth that you point to, he just may hold out, seek (and get) punitive damages beyond the actual as some of the evidence suggests.
He's done good so far. But, from here on out, it all depends on the size of his cajonies.
Yea.
Probably settle.
Note that in situations like this, courts have a tendency of returning the parties back to their position before they were harmed.
I think that puts the valuation of the firm at about eight cents. Which is what about 30 to 40 million dollars more than now without the other consequential damages.
I think that sounds about right, fair and equitable.
Also, if I was Malcolm, I would just keep mum and let Paul do the dealings.
However, imo, he should insure that we get that shiny brand new drill rig delivered from Enid, Oklahoma.
Nah.
It could be as easy as Paul showing cause that SmartWin, Sino and Genesis are all the same entity, getting that jury instruction and b'bam!
The same parents in control of the SmartWin juvenal render it their alter ego.
Mmm, laughing stock, eh?
At first blush, with all that logic that's quite a novel argument.
Compare that to: receivership, loss of license, no acreage, income, potential, etc...
Don't think that's going to hold up.
Based upon logic, reason, experiential and common sense understanding,TWGll's battle is 3/4's won.
It's only a matter of time before he can count the bodies as the SmartWin camp is overrun.
Imo, there are no further movements, memorandum or understanding needed/ required by TWGLL.
On the other hand, SmartWin might try to raise the flag, continue to whimper, etc or possibly empanel a jury.
That is where the current focus is at.
There really are no other alternatives.
I'm not tripping on getting oil.
Only interested, at this point, as a shareholder, in the damages caused which was that 60 million plus investment, etc. lost as a result of SmartWins breach.
So, realistically imo, as far as the trial is concerned,the only chance SmartWin has of success is if they have a different trier of fact.
Ergo a jury trial.
Possibly,they will stipulate to it as such.
Otherwise, it is my opinion the company will get a judgement for those damages caused by SmartWin for throwing us in the dirt.
Lol, nice spin. But, the reality is that SmartWine should be the ones wanting a jury trial.
Probably should just stipulate to it.
The additional cost for a jury vs a judge might be double.
Another good reason Mr. Ochoplentymight be inclined to stipulate to it.