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Lol, I see you agree Hunt was the start of it now.
Yep, they got the bulk of the budget, created the overbudget and yet they werent fit or certified.
Geez and therefore, I agree. Those un-deniable facts create an immense set off for Empire & a huge, BIG problem for Smartwin.
Ooops, and then there is the cross...
So, but why hasnt SmartWin added Hunt to the conplaint?
Lol, me thinks you allready know...
“Da judge has no power to enforce a claim in China?"
Oh, well.
But, honestly?
Word on the street is SmartWin has plenty of assets in NY alone.
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Crazy,
Don't know 'bout you but I think Tim Kong's outstanding directing skills are more reflective in his decision not to pay Empire the 1.1m promised back in late '08.
Thus, causing the breach because he was scared out of his pants during the then financial crisis.
http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=702&time=13&startdate=1%2F4%2F1999&enddate=12%2F25%2F2013&freq=2&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=2&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=8&x=67&y=9
Gosh, what a blunder!
Merry Christmas, Crazy!
Hmmm, looky here:
Very interesting....
Tim Kong: Director of Sino Oil (formally, Genesis Holdings...)
"One of the companies that COMPRISES SmartWin"
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=T_PLUS_XAl37IVRUjT6_PLUS_21R172A==&system=prod
Lol and further, according to his above noted affidavit:
Tim, apparently as a director of Sino Oil, etc. is just too darn busy and... he's too darn busy to be deposed on a case that he had filed because he directs hundreds of others (and, I guess many more others) in a company w/ at least 4 other managing officers making at least 2 million per year each!
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=702:HK
Geez, he sounds so hugely important...
What a great excuse and golly, with such great directing skills, too!
Lol, makes me wonder what all of the hundreds of other Sino Oil employees do?
Fortunately, I believe Judge Oing is not going to believe such a weak argument.
Happy Holidays!
Actually, the thought of the company winning the case is not so ridiculous.
As I've said all along, SmartWin should pay the company for the breach without cause and more than likely a settlement is in order. probably, 10 million buckaroos American.
But, if I was Malcolm, I would hold out for upwards of over 50 million, American.
Depends on how big of Cahoneys Malcolm has.
Anyway, here's the link for the court documents:
http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=651479-2010
Agreed.
If the company (whats left if it) can just hang in there (as we do) by successfully prosecuting their claims then I'm pretty darn sure we'll be golden just based on any favorable judgment alone.
Lol- geez, I guess I forgot all about any oil...
Lol, Paul doesn't have teeth?
Aww well, I guess he's just going to have to suck the blood outta SmartWin using his lips.
Thanks for the clarity.
Rrr...barf!
Lol.
It's not necessary to take Malcolm or Tim seriously, if you choose.
As has SmartWin.
They have a dog now.
Maybe the case is not so boorish to comprehend as you point to.
I say Malcolm and Tim both have very little litigious experience.
Which, imo, can be a good thing for the insightful.
You might want to consider that other than the very prudent hiring of our big dog bite, Mr. Paul Baptista, (a true Barrister) it's probably only been hiring solicitors to represent them in that part of the world.
Reason and clarity are often handed down.
Lol,
tangential, superfluous and redundant.
The main reason for the parties depositions are discovery & admissions.
However, SmartWin has a huge mountain to climb over their breach in the first place and sticking there heads in the sand won't make that go away.
As evident, Smartwin was off the hook w/ accountability to the contract as well as the court. You can rest assured, once they realize the power of the court attained jurisdiction, (lol, that they requested) they will settle.
Uhhum, probably, gonna want to drink Sake w/Malcolm again....
LOL,
No. SmartWin decided to shoot themselves in their foot because they were just DUMB.
'Err or, yeller...(as they say in Texas) thinking the financial world was going to collapse...
LOLOLOL, HAHA. Thanks to us Yanks.... Yep! SMARTwIN'S gonna loose... DROPPIN' THE "W"....EEEeeeeOOOUUUCH!
They be takin' a SMARTIN!
Rumors of fraudulents acts are not good to service companies like Hunt.
Especially in such a closenit industry as oil drilling. Couple the rumors with facts as mentioned here by Cj. and then it might be deadly to Hunt.
Nobody will want to hire them for fear of being defrauded themselves.
In fact, rumors abound.
I heard that the purchase agreement the new owners of Hunt entered into could be rescinded due to Hunts further fraud. Where, as the appropriate remedy, Hunt would be required to return all the funds received by the new owner.
If so, Hunt would then be out tens of millions of dollars to both company's.
Yep, Ì know, I know...it really sounds horrible for Hunt now, huh?
lol,??
I'm glad you find my post humorous. But seriously, apparently and quite refreshingly, Malcolm is kicking A$$ for the firm and taking names.
Who knows, if all goes well he might end up owning a few. (names)
Lol, with Hunt being one that comes to mind first.
And so, a question begs to be answered:
Now, would you ever hire Hunt to drill a hole for you?
Lol, you're way off topic.
And so to help you, I said apparently, word on the street is that Hunt is defrauding clients.
That is the business model in question.
As such, I believe the prudent thing to do for Hunt is to pay the five million dollars back.
Otherwise, it probably will get real uglier for them.
Right, I'm thinking the new Hunt owners might want to prevent any further action and bury the axe by paying back at least 5 million.
Its very apparent that Word being thrown about that they're a bunch of frauds could be quite damaging to any business.
"Why Malcolm doesn't put up the affidavit (or deposition) made by Hunt (Larry Wyrecky)," you ask?
Possibly, (I'm just hypothesizing) but maybe its because one Hunt lie (or commission of fraud) is enough?
Great work, Cj.
You might want to forward that to the firm.
You know, just in case...
I agree.
Keeping it real simple appears to be the right fit for some. For instance, in every one of the cases, the company has a 100 percent chance of some sort of set off.
Or, by another example of calling Malcolm derogatory names like the Bafoon or Moron is quite simply keeping it real simple, as well.
Gosh, what a difficult time it would be for those to grasp such an idea as Malcolm doing a great job!
Lol, drilling at Westwood by Hunt3 getting called off at 1600 because of fears of the drill getting stuck?
Frig, the only reasonable conclusion from that statement could be that Hunt3 wasn't big enough to do even that drill!
If that is the case, its quite funny (and contrary for any sensible person) to think that they could drill bellevue to 2800.
'Er and gollygeez, don't need much more research than what CJ has provided. Guys very astute! The public domain is wonderful discovery and is appropo to the case.
Great work CJ!
Lots of laughs.
Actually rolling laughs!
You're really cracking me up with that one, Pitts.
The facts are the facts and CJ is correct in interpreting them. I can't wait until Hunts successor, (you know, the guys who bought Hunt out) find out...(Oops!, they already have!)...about how the facts add up that Hunt, et al defrauded Empire essentially to the tune of $5,000,000 and left them (the new owners) holding the bag.
GollyGeewhizz, no wonder Hunt sold!
Nope.
It was DROPPED in the hole. Apparently, by Spaulding.
Further, what's more intriguing is that unbeknownst to Malcolm, Hunt knowingly, (through Duncan New) set-up an unfit rig, billed and received millions of dollars, and supposedly feigned and faked as such over a hole that couldn't be drilled.
Mmm, very interesting...
Good interpretation of the facts.
Thanks and great job!
All true and correct, CJ
Please get ahold of Moduspec. Possibly the can forward the inspection reports.
I'll talk to my attorney about standing as a shareholder.
Let's all face it.
Cj has done some good work.
What we have found here is Malcolm's inability to drill holes himself.
So, he contracts it out thinking he's hired qualified personnel and a so-called drill rig that's supposed to be a "fit for purpose" drilling operation.
A prudent and reasonable course to undertake, I suppose.
However instead, unbeknownst to Malcolm, he's actually hiring a "milking operation" wherein: That's-a-drill-rig, Malcolm!- Hunt knowingly places a defunct rig onsite (after Hunt collected millions of dollars to do so)
Golly and further, without knowing how a daily milking (standby charges) could be any better.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=90468014
Very nice work, CJ
Yea, right! (If you're talking about hilarious)
Like Malcolm is knowingly going to allow Hunt#3 to be installed, let alone sit over a defective hole w/ a chunk of steel in it.
Why did Malcolm pay for the rig to sit over Bellvue?
Because he had contracted to do so.
As far as your next question?
Answer: He apparently just found out it was defective all the while & contrary to the mis-information he was given at the time.
You see, overall, It's really fairly simple:
He was lied to!
Nope, you're wrong.
Yep, you're right!
Nice try:
Right.
I wonder if this still applies?
What concerns me is:
If Malcolm is declaring: At no time was a Moduspec certification submitted to MRT (contrary to Hunts representive's assertion it was at the port only), how they hell did Hunt get 4.9 million out of Malcolm?
C'mon now, and there is no mention of a drill site cert as necessary too?
WTF? If Hunt got that far by lies, false promises and deceipt is Malcolm really that gullible?
So what.
I changed the subject and by the way, imo, it is germaine to the lease too.
At first glance, under the common law principle of new evidence.
In terms of fraud egregious enough and so extraordinary to be relevant.
Lol.
I fully agree, over and over again.
Lol, imagine that...
The MRT out there with those brand new binoculars & crisp uniforms (thanks to Malcolm) when they, by happenstance, discover those cloned nesting eagles (upon closer investigation) to be cheap Chinese immitations with the fine print on the bottom: "Made in China"
Try this:
Who's got stupider management, you ask? Lemme see...
Smartwin, et al out 3.9 million, a blown chance of lots of oil and a case of many millions against them...
Or, Malcolm losing pennyless shares of EEGC, or maybe his shorts and a worthless company in liquidation?
But, yet he perseveres...
So, Heehaw!
LOL, try this:
Smartwin, et al is just plain stupid:
What, NO notice of default for 9 months???
Golly, good thing the judge doesn't have to be smart.
He just has to be reasonable.