So it appears that FCGD now owns UMMC, why else would FCGD be on the hook for close to $700,000...I guess we wait for PR's and such, if FCGD wants to get their money back, they best get moving...
li·a·bil·i·ty
noun
the state of being responsible for something, especially by law.
"the partners accept unlimited liability for any risks they undertake"
Similar:
accountability
responsibility
legal responsibility
answerability
incrimination
blame
blameworthiness
culpability
guilt
onus
fault
the rap
Opposite:
immunity
a thing for which someone is responsible, especially a debt or financial obligation.
plural noun: liabilities
"valuing the company's liabilities and assets"
Similar:
financial obligation
debt
Alpharidge Capital, LLC
@Alpharidge_Cap
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$FCGD Court Order renewing an old judgment creditor for $615K. UMMC was notified to see whether they were interested in defending. But now that FCGD has the court order, it would be recorded as liabilities effective 4/17/2024 (court order date)
Jeremy C. Reutzel (10692)
BENNETT TUELLER JOHNSON & DEERE 3165 East Millrock Drive, Suite 500
Salt Lake City, Utah 84121
Telephone: (801) 438-2000
Facsimile: (801) 438-2050
Email: jreutzel@btjd.com
Attorneys for Plaintiff
IN THE THIRD JUDICIAL DISTRICT COURT OF SALT LAKE COUNTY, STATE OF UTAH
TONAQUINT, INC., a Utah corporation, Plaintiff,
VS.
FIRST COLOMBIA GOLD CORP., a Nevada corporation,
Defendant.
REQUEST TO SUBMIT FOR DECISION
(Plaintiff Tonaquint, Inc.'s Motion to Renew Judgment Against Defendant First Colombia Gold Corp.)
Case No. 160901190 Judge Teresa Welch
Plaintiff Tonaquint, Inc., by and through counsel and pursuant to Rule 7 of the Utah Rules of Civil Procedure, hereby submits for decision its Motion to Renew Judgment Against Defendant First Colombia Gold Corp. (the "Motion") and Affidavit in Support of the Motion filed with Court on March 26, 2024.
Defendant has not filed an opposition to the Motion and the time for doing so has expired. Therefore, the Motion is fully briefed and ready for the Court's consideration. A proposed Order to Renew Judgment Against Defendant First Colombia Gold Corp. is filed concurrently herewith. DATED this 17th day of April, 2024.
BENNETT TUELLER JOHNSON & DEERE
/s/ Jeremy C. Reutzel
Jeremy C. Reutzel
Attorneys for Plaintiff
Order prepared by:
Jeremy C. Reutzel (10692)
BENNETT TUELLER JOHNSON & DEERE
3165 East Millrock Drive, Suite 500 Salt Lake City, Utah 84121
Telephone: (801) 438-2000
Facsimile: (801) 438-2050 Email: ireutzel@btjd.com
Attorneys for Plaintiff
IN THE THIRD JUDICIAL DISTRICT COURT OF SALT LAKE COUNTY, STATE OF UTAH
TONAQUINT, INC., a Utah corporation, Plaintiff,
VS.
ORDER GRANTING MOTION TO RENEW JUDGMENT AGAINST FIRST COLOMBIA GOLD CORP.
Case No. 160901190
FIRST COLOMBIA GOLD CORP., a Nevada corporation,
Judge Teresa Welch
Defendant.
The Court, having reviewed Plaintiff Tonaquint, Inc.'s Motion to Renew Judgment Against Defendant First Colombia Gold Corp., and it appearing to the Court that the facts in the supporting Affidavit are accurate, and good cause appearing therefore:
IT IS HEREBY ORDERED, ADJUDGED AND DECREED:
1. That the Judgment entered in favor of Tonaquint, Inc. ("Tonaquint") and against First Colombia Gold Corp. ("Defendant") in the amount of $223,975.76 is renewed; and
2. That Defendant pay to Tonaquint the total amount of the renewed Judgment together with accrued post-judgment interest in the amount of $391,519.85 for a total of
$615,495.61, with post-judgment interest continuing to accrue at a rate of 22% per annum, plus costs and attorneys' fees incurred by Tonaquint in the collection of said Judgment.
