US Precious Metals (fka USPR)

[gitreal]

8-K issued 3 weeks after the material event. Apparently they decided they had better say something about losing their court case, and losing their multi-billion dollar pile of gold and silver......

Israel Tentory Garcia Litigation

On October 26, 2016, the Company was informed by its Mexican counsel that the appellate court affirmed the lower court's ruling previously made in April of this year. As disclosed in our Form 8-K filed on April 12, 2016, the lower Court ruled against our Mexican subsidiary, US Precious Metals SA de CV, in our ongoing Israel Tentory Garcia litigation. In April 2016, the lower court ruled that the plaintiffs in the litigation, including Mr. Tentory, are entitled to a return of the concession at issue (Solidaridad I) as a result of the Company's failure to pay $1 million to the plaintiffs on or before 2009. We filed an appeal to the lower court ruling. As stated above, the appellate court affirmed the prior ruling from the lower court, however the appellate court ruling did not award plaintiffs the sum of $1 million dollars, in addition to the return of the property, as petitioned by plaintiffs.

So now what? Maybe there is a coal mine they can invest in....the new administration has said they will support coal miners.

Or is it too late to jump on the MJ bandwagon?