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Mmm, yea.
Contrary to whats been stated by some here perceived as fact, it seems obvious as well that the coal play is more than just a play.
What's even more interesting is that drilling for coal is way different for oil in that cores can easily be analysed to determine minerals other than coal.
Hint, hint: GOLD!!!, as has been suggested. Or, even precious stones!
P.S., note the map on page 17:
http://www.tasminerals.com.au/new-opportunities2004.pdf
Reasonable minds (and not reactionary, conscious or unconscious bias) might suggest or focus on the "plain meaning" of the recent announcement in that the company is expending it's own 2 million (as stated) entitling the company to 75% of shares of APA.
I don't really think it's that complicated. Perhaps it could it be that Empire is diversifying the prospective funds from NBD?
Ooops, here's another bit of information (of material nature) that the drunken sailor guy apparently omitted for your solicitation that you may want to comment on:
Apparently, Mr. David Villareal Jr., who lives here in Newport, is spending alot of time helping manage the company.
As such, being as you're on the subject of questioning hotel bills associated to Malcolm do you think it would be reasonable to pay for Davids or do you think being summer and all... down under... (in Tasmania) that he should be able to sleep under the stars?
To answer your guestion:
What's going on? What are you trying to say?
The plain meaning of your post doesn't add up.
Gee, really?
Sure.
I'll do so as soon as you post the hotel bills in re: Smartwin -vs- EEGC.
Oh!
That's right, there aren't any, huh? I'd wait ffooorrrreevvvvvveerr! So, I guess that means I'll have to post the bills first right?
The context of the hotel bills that Earnie was referring to that were supposedly aware to SmartWin was again a fabrication and I was referring to the court, get it, COURT record.
So yea, Wrong!
Haha, are you kidding me?
Yep.
Gosh, you're right.
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WsvdRnAbNOIpA==&system=prod
In reading the transcript I took SmartWins attorney, Mr. Occhipinti to allege that Empire breached when he surely states and admits to the judge that his client actually breached!
Haha, lol.(See: RT p. 9 lines 3-5)
Somebody sent me this message in post# 22186
Trust me, Mr. Batista, one if the best lawyers in the world, would not have taken the case on contingency if there was no money to be had.
Baloney!
It was a ruse.
And the judge did point so:
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WsvdRnAbNOIpA==&system=prod
Read pages 8 & 9
Wherein the judge is on Mr. Occhippintti like flies on a turd!
Yes. exactly.
Because it doesn't matter.
.
When SmartWin entered into a contract to provide funds according to the budget to drill Bellvue they had a duty to provide those funds based upon the invoices submitted pursuant to the budget which was 5 million. When they chose to withhold the balance of the payment of approx. 1.1 million they breached the contract as Empire was performing and SmartWin was not. Again Empire was performing and SmartWin was not. Therefore, Empire was never in default.
All your continued talk about Smartwin having good cause to withhold the payment because of so-called overruns is technically meaningless as there was a due diligence period as stated in the contract that afforded both parties a due process period where it was agreed (through their own prudence or lack thereof) that both parties agreed to what they were getting into.
Due diligence is defined as:
http://blackslawdictionary.org/due-diligence/
http://www.charlesmillsconsulting.com/due-diligence-definition.htm
Again, SmartWin breached their own contract and that breach is the proximate cause for the damages the company is seeking.
Now, for SmartWin to formally present a bogus notice to cure 8-9 months later (that the judge points on the record to being a ruse, btw ) simply makes them look even more stupider (or redundantly) even more dumberer.
It's called "due process" afforded under the 5th amendment of the Constitution of the United States. A foundational tenet of the rule of law in the USA and the Court of New York which has jurisdiction. You have to provide reasonable process or notice in order to allow a reasonable response before witholding the funds
Smartwin could never have provided such notice as they still owed 1.1 milllion to the company.
Now, get over it.
It's not restricted.
Sounds like your broker is not registered or does not make a market to trade in this security .
You can open on account w/ Etrade in 5 minutes online and pay 30 bucks to wire funds into that account or wait a few days to register your bank acct. contemporaneously w/ your new Etrade acct.
With my experience having 3 different brokers Etrade is the simplist
GL.
WRONG!
The motion for summary judgment was summarily denied: https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WuIaac4QbSGFg==&system=prod
Dang, fish.
I like it!
Just 34?
I'd prolly sell at a buck though...
Unless it just skips right over it!
Geez, pitts.
The judges' question was only a glimpse into the parties veracities to help him discern facts at that hearing months ago for summary judgment which was summarily denied. He is required to rule upon the substantiative facts.
Which are:
According to company counsel, Mr. Paul Batista, whom I believe more than anybody, states SmartWin was specifically formed by a group of investors solely to invest in EEGC.
If that is the case, then why would they have billions of dollars to invest in the company when the company was only seeking 45 million for the JV?
Not gonna happen. It's also more likely they didn't even happen to have the initial 5 million let alone the remaining 40 because of the then financial crisis.
Moreover, SmartWin & Noble Trenham, et al are being sued contemporaneously as alleged for illegally trying to take over the company.
You go figure...
Empire DID answer and did so appropriatly as they were trying to get SmartWin to comply with the disbursement of the balance of the drill funds PURSUANT to the contract THAT SMARTWIN BREACHED by WITHHOLDING THE FUNDS WITHOUT ANY DEFAULT by the company. The court record, which is public record, records that process. Anybody can view it with much correspondence and documentation by Empire to request SmartWins compliance.
Again, this is where your superfluous point is intimated in court to the judge on page 14:
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3WsvdRnAbNOIpA==&system=prod
For you to continually defend that unrelated nexus to the case where Empire had not defaulted and SmartWin had indeed breached is meaningless
Haha. Me forget?
Not likely.
As discussed adnaseum here on this board SmartWins complaint has no merit. There was no default by the company.
The facts show otherwise. SmartWin was in breach.
You'll get it soon enough.
Haha. Like I said. It appears the coal isn't locked up by another company as you stated as there's more coal measure plays than just viewed under Bellvue.
Er, and no matter either...
Coal, oil or gold. It's all the same gold to me and I'm sure they'll be testing the fluids for more than hydro's, lol.
Least we forget, I wouldn't be suprised if SmartWin feels compelled to cough up a pot of money soon now that the formal discovery process appears to be over. Which seems to me to be the Smarthing to do:
https://iapps.courts.state.ny.us/fbem/DocumentDisplayServlet?documentId=tirVQewp3Wt4+1i0iYWP8Q==&system=prod
Mmm, yep. Looks like we're heading into an exciting confluence of events..:p
Mmm, very interesting. I guess my previously stated coal measure plays are coming into fruition.
Looks like Malcolm is showing discretion on the gold as determined by the analysis of the drill fluids.
I live in California.
Newport actually.
And yep, that's my 39k showing up on the page.
My broker filled my .018 limit order at .0179, cash money. Cost me only $9.99. Wow, such a deal.
Thanks, Etrade.
Mmm, nice. I picked up another 39k about noon on Friday. So, do you think the pps is going to fly Monday? I hope not cause I liked picking this up recently for less than two pennies.
Oh well, If it goes up fine. Down is fine too.
Here I come colonel!
Quite the hypothesis there, clips.
Reason always works better than reaction.
I don't have level 2.
Who was/is the MM?
C'mon now pitts.
If the fish shows you the secret email address...well then...it wouldn't be so secret then, would it?
Gosh, no matter what some people say the PPS just keeps going up.
Mmmm, must be undervalued.
There are 422 million shares outstanding.
A very respectable job Malcolm has done for us shareholders in keeping it low. One of the best reasons to own this stock.
In affect, you could instead buy some of the many other companies in the pinks who have much, much more as you value and that would not be beneath me.
I'm just trying to catch the float!
The fundamentals of the company have been well versed. They've been talked about adnauseum. And discussing them any further proves not to work as dictated by the PPS. If you don't know what you should do by now...well, all I can say...is good luck.
We are now in technical territory!
Too many variables?
The (ma) 50, 20 and the 10 are all lined up.
I know what you think...
But, I say the ten wins!
Mmm, very interesting day.
I can honestly say that wasn't me either.
Kinda looks like big footprints though, eh batting?
Hi Z,
I'm sorry. I made a booboo.
I guess Ramsey A Barrett MS, a geologist who only happens to have a Masters in Science in Geology as opposed to a PHD.,(btw, and works for Mobile Oil) does more than kick around a few buckets and shovels, eh?
Unbelievable.
Get back to me on that please.
Debunking your debunk, Ramsay A. Barrett is a
Petroleum Geologist. The same one familiar with proven oil by Tullow Corp in the Great Rift Valley in East Africa which just so happens to be a "known" petroleum source similar to the "play" that the company has in the Tazmanian Basin.
Again, you should know better.
Geez, to suggest that zequalz has debunked Ramsey as a geologist who knows no more than your(or his) debunking is certainly debunking.
Eh?
Here are some of his known papers:
http://www.searchanddiscovery.com/abstracts/pdf/2010/eastern/abstracts/ndx_barrett.pdf
http://search.datapages.com/data/open/offer.do?target=%2Fspecpubs%2Fmethodo2%2Fdata%2Fa096%2Fa096%2F0001%2F0250%2F0251.htm
http://www.srbc.net/whatsnew/docs/Marcellusshale61208ppt.PDF
http://payperview.datapages.com/data/open/offer.do?target=%2Fipa%2Fdata%2F044%2F044001%2F247_ipa0440247.htm
Here shows his thesis to attain a Phd. here:http://www.nbmg.unr.edu/DataDownloads/NVGeologyTheses.htm
Here shows he's an exploration geologist for Mobile oil:
http://www.onepetro.org/mslib/servlet/onepetropreview?id=00024633
Maybe, just maybe, Mobile Oil knows more than Z does.
And that's just because there has never been any commercial resources found yet except for the Latrobe even though some 13 shows have been found.
Ramsay A. Barrett,
Petroleum Geologist says there is a 35% chance.
Right.
That's one of them. But the way I see the dolorite is just as a cap seal as to why they're are few shows and it as also a further pressure cooker. There is a few of them.
Dang!
A few of them?
OMG, i'd just be happy w/ one good seal. But 100%?!
Which one are they freakin' talkin' about?
Hehe, right.
Good one. I agree. You are so wise.
What do you think about the 100% chance of a seal over the source rock?
Do you think RPS put that in their qualitative report there for emphasis too?