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WHAT DOES THAT MEAN . I was there,where were you? Some of the people here have made some points that I have concede were good points that I hadn’t considered. Some of those points aided me in reconcdering my observation.Deidra s lawyer said if We went after Carter and his unauthorized actions we would lose. Not thinking at the time so would his client.
Z is correct in what he heard I can comfortably say that, I disagree on just a few points of interpretation. A normal and natural occurrence.
I posted long ago that I thought shareholders should become active but when I heard it was going into a Calf court I was stund , what’s calf have to do with it , it should go into del court.
Testing is not for us and the machines they’ve been proven and serve as a base line or a fixed known entity that will produce continued data. What they are testing is the oil in the ground ( which has variables that are deferential as per well.) oh, we’re getting paid for testing now & it’s likely will be hired by the customer.
Agree, we should be leasing our machines in addition to the $$$ value of the volume produced . This would be especially important so that we don’t have to build a work force to operate the equipment. This would free us up to concentrate shipping & provide onsite training leaving the machines in place for the duration of the lease ( we will need crews for maintenance) and also to have backup machines for quick swap out & repair.
I wouldn’t think the o&g industry would react with contracts it would be premature. With the news they will be discussing amongst themselves but will not act not even respond before the White Paper can be read & analyzed. Come next fall pctl/Maverick maybe overwhelmed by requests for paid testing. Important to note pctl has found a way to cut the length of time by half ( for testing)
Unfortunately, there are some people on this board that don’t recognize a Catalyst when they see one even if it was 6 to 12 months ago.
Billy had no authority beyond Director of Chanbond. Bylaws state 3 board members. To do anything 2 of the 3 must agree. The board members resigned after Bob How’s death. No action (s) before or after gave Billy any authority therefore all he did is null and void, not to mention illegal.I would think the court has the authority to claw back all funds and start from the beginning. That would include claw back of all legal fees. Justification the lawyers knew or learned that Billy was acting fraudulently and with out authority. In fact they became Accomplices…. Now what they really fear is not the claw back but sanctions or worse. Think we should spend some time on this discussion as we know they and possibly the court read our posts.
Good question. After what has been discussed today I wouldn’t put it past him. After all he represents Deidra. I do recall him mentioning it would work to shareholders disadvantage to claim Billy had no authority to do all he’s done. If we do all goes to Deidra. If I recall correctly all lawyers in the lobby favorably chimed in at the suggestion of going to Chansory Court. Was that too deflect shareholder action ? Yet, if I recall correctly that comment originated at the bench when the judge and lawyers were talking. Z do u recall this?
And where did your long post go?
AH, shucks.
BA it has nothing to do with bias. V has made some enlightening points I happen to agree with… bias no…. That’s exactly what this board purpose is. To bring all points of view to the table for consideration. If font size could and was reduced it’s the game changer. Next if the court has rules on font size for security could the judge allow a font size if requested. I think probably to Minimize speculation.
Vic & tj….. you have stated a number of things that I to considered ( all good points) There motivations are important to take into account. Just the thought of using a different font ( hit me between the eyes) When talking that into consideration I realize just what Cohen was saying & how he was saying it. Nice job mr Cohen u got me. Putting it all together statements, body language, motivation, attitude during the conversation re: font size I feel confident that may be the truth. Conclusion… font size was changed, the question is to what size. Tony, any ideas? Believe you were playing with that theory. Did you change font size? If not, will you accept the assignment? I’m not that computer literate. I’d start with numbers above 1B include comma’s ( as the smaller the font the greater the need for easier reading) skip last decimal $ the following 00, the only place to consider is if a big number is Abbreviated as in 1.25 billion
Yup. Cohen said that and with a smile on his face.
Sign’s of Kettle One…. Good choice
Good for them hope they are successful as the royalties will be there.
No , they bought the materials and assembled there patented machines to produce their patented liquids through their patented process. Using the term patented is not redundant but specific to each phase of production.with Emphasis On the patented process .
“ Dgly applied for and received their own epa number. “ so what’s the point we own the patents thay’ll be paying royalties.
Well thank you. Had a hunch, may slip a bit… no worries.
Anyone read the fins for ifny? How strong are they? If we are going to work with them might want to know this.
The news is getting around.Didn't think it would take that long.Perhaps because we've been at a steady low range for a period of time. The 15% rise will catch attention in and of itself. When folks see why they'll become more interested especially just before a podcast.
Beer, now that was a GREAT post! Well done.
Good point.
Ross was buying/securing leases 12-15 months ago. This is important.
Is anyone paying attention to what Ross has done today....He's contracting with pctl/Mavric to use the enhanced recovery process they have developed.
Believe Tony did a count of the redacted letters/numbers. It didn't look good. This count method was brought up when discussing same with the lawyers in the court lobby. Received from them a confusing (to me) response. Part laughter part serious response.
If someone has access to the recent court transcript please post. It will clarify much.
Part speculation,part fact.It's been mentioned that a white paper will be produced this spring on the results of the comprehensive studies that have been completed(fact). Those results are to be published in an industry recognised publication(fact). I would expect the white paper contents will reflect what is reported in the publication. (Speculation) Further, I would expect Art will report to us in near future, then send it out for publication end of May early June with (after they due there DD) publication earliest late june early July.
(Speculation=) Concurrent with the article, Art will announce( in next podcast) that we have a signed contract in Grassy Creek(with a projected....likely conservative...anticipated volume)
( Speculation) Art may also announce signing paid test wells. If owners find our process viable / profitable we will receive further contracts. This may take time likely into the fall.
(Speculation) As the above is happening & through the summer the publication will be discussed in the industry and we should be getting inquiries from producers.
(Speculation)New contracts signed late Sept through...how bout we say the 4th Q.
This is the flow of events could occur.
Content makes a good post …. Not volume.
"Mike Sims will be converting soon. 150 million fresh shares for sale."
That's a point. But when will he be able to sell. What effect will it have on the pps. if he sell's. He might not want to sell as he knows the product well. He also is in the Texas oil conversation with several people he collected and raised funds from to put together the 2.25M he placed with us.Do you recall what the set pps was agreed upon before he can sell.
This must be studied in great detail .
https://cdn.pacermonitor.com/pdfserver/5RBVCMI/159198205/CBV_Inc_v_ChanBond_LLC__dedce-21-01456__0073.0.pdf
I have read the following argument as per shareholders quest for equitable Monitory award. Folks after reading I believe the Del judge will agree with the arguments found here and will not dismiss our action ( then it’s dead) but will (can’t think of the term) set it aside so we still have the chance to bring it up again Case 1:21-cv-01456-MN Document 73 Filed 04/11/22 Page 1 of 16 PageID #: 3892
Chancery Court is where we should be according to the judge and all lawyers Present.
Thanks longuoip for reposting that.
A little edgy "Oh? Are we worried about "our" position now?" If you were to go way way back it will be found that I questioned filling in Calf Fed and hiring a Calf lawyer when the companies established under/in DEL. The best course of action now would be to continue to maintain our relationship with the Wilmington firm ( as Z mentioned they introduced themselves to us) should the judge grant our intervention...she was upset that's for sure...but intelligent? without question....emotion is not a factor here. Concurrently, the Del lawyers should be directed to file in Chancery Court...
POST HASTE
If the numbers ARE out there and are buried in some long document I think it would be wise not to publish thinking it could only harm our position.
You remember correctly.
"(topic of heated debate in court and then filed via legal documents citing other cases, pensive)"
FYI: The judge specifically asked Chanbons lawyer to cite other cases. I specifically heard he directive to him...think Z can confirm this.
"The zombywolf report" is accurate in every respect. Z you have a new sideline as a court reporter. As for the other posting location...I've been bounced....for posting how pissed off the judge was.It's just as well for Raider to be off the case. Though our Del lawyers could continue. They know the courts in Wilmington...they could even put our case in the Chancery Court there. Greg should consider filing an ineffective assistance of counsel suite I'm sure the del judge could confirm what Raider did. This would be a possible way of retrieving all that was spent on Raider. Think Specialneeds or TJ did a rough calculation on what's been spent to date.
It smacks of ineffective assistance of counsel. When a judge denied virtual appearance of council it mean be in the COURTROOM he was not there= ineffective assistance of counsel. The judge was not happy enraged after being denied a virtual appearance. Thinking there's a case Reider
I did not post this"All good reasons to walk…. Run away from this stock" Please show me where this was posted by me.
As I understand it there will be closed conference's among all lawyers involved.Perhaps all this will be cleared up but I have a sense that won't be the case.
There were sparks in he court room.The Judge is really up set as she commented raider asked for the hearing and didn't show up. Our del lawyers....met them nice guys. I asked them before we went in(court room) if Raider was going to be here they said no.Rule of thumb you just don't piss off a judge. I'd be surprised if our motion for intervention upheld.NOTE: I'm not lawyer and before a ruling all could be cleared up.
Just saw that…. A hoot…. Back when America was great.
We’re going to get that read on the judge. Further, it’s comforting to know this judge works in close quarters with Judge Andrews. I’d expect they’ve had conversations about the case. If I recall correctly it starts at 4:30 . Correct?
Park in the building behind the court house facing the court house go down the street to the left of the court house (facing the court house)make a right there it is.use google maps, enter court house address expand find parking.
Now that was a common sense, practical memory restorative, and insightful POST.