Can a logical, intelligent, literate investor even think that some at management would take umbrage with what has allegedly been referred to as slander when they would have to be put into the position of having to explain security regulation transgressions, the root cause of alleged slander?
Judge-In the matter of Prominent Individuals versus sceptics, we will confine the matter to the Todora Claim.
The company claimed to have found a gold deposit with incredible amounts of gold which was used by the company to solicit investment in the company-a find which was promised to be professionally assayed and included in their documents related to maintaining a compliant profile with Canadian securities regulators-and yet I find it remarkable that three years later no substantive proof was ever filed and now we see that same claim no longer being part of the company claims registered in the Canadian Province of Ontario. Is that right? I find it remarkable that no costs would be involved, and by that I mean to say no burden of payment to register this so-called Todora find in comparison to having actually paid for discovery exploration work, has been performed. It would seem to be a simple matter of handing the core over to a professional engineer to certify. I have two questions then for management. One, why, was the core never turned over to facilitate an assay report for investors and two, why did the management never step forward and dismiss the claim. Since that claim would certainly have put the company on an elevated path forward if true, why did they allow it to lapse? Documents before me from the Province of Ontario clearly indicates subsequent parallel drilling in this area never turned up the quantities of gold referred to in the promotional materials related to the selling of the Preferred Shares.
The court now rules, De minimis non curat lex and the matter is closed. Next docket please.
