Tombstone Exploration Corp. (TMBXF)

[sweetlou]

Regarding final court ruling-good or bad for shareholders, here is my take:
1. Defendant TMBXF prevailed in the court decision.
2. Retrial motions of Eurogas were denied.
3. Attorneys fees were awarded to TMBXF despite Eurogas motions.
4. Minimal damages of about $1,700 were awarded to TMBXF.

The award probably should have been much better for the contract breach that occurred. The Eurogas arrangement and contracts don’t appear to have been very advantageous to TMBXF. Probably the best words would be “poorly conceived”. These rulings don’t appear to harm the company and this can be put in a category of “live and learn” to move on with better opportunities. New leadership is in place on the company board of directors since the Eurogas arrangement that was under Alan Brown’s direction and I sense a lot more focus on shareholder value.

My hope and expectation is that the revamped board and company leadership will make better decisions for the company and shareholders than this example of what went on in the past.