Friday, April 15, 2011 9:34:14 PM
There is a whole process to this thing and it begins with discovery which is basically both sides requesting information from the other. Once that information is received you MAY be able to make enough of a case to get the case dismissed by the judge with a motion for summary judgement. Otherwise you may have to wait for more info via things like depositions, Expert analysis/reports, etc. At any point money can be offered in exchange for the pltf dismissing the suit but this does not have to be an inevitability especially if UWRL did nothing wrong and legally owes no damages.
Synopsis: Just because there is a lawsuit doesn't mean anything is owed, it doesn't mean anything was done wrong by the current operators of UWRL, and it isn't something that can quickly just be resolved. If a judge decides he doesn't want to look at or rule or maybe just convey his ruling to the parties he really doesn't have to within any certain time. For all we know there is a motion out there to dismiss the suit for XXXX reason but the judge just hasn't ruled on it yet.
Lets not get too ahead of ourselves by trying to figure out how they are going to pay for something they may not even owe.
Recent BBLR News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/30/2024 01:07:28 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 02:17:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/07/2024 10:07:24 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM
Beyond the Horizon: Innovative Drug Combinations Offer New Hope for Alzheimer's and More • NVS • Oct 3, 2024 8:45 AM
SMX and FinGo Enter Into Collaboration Mandate to Develop a Joint 'Physical to Digital' Platform Service To Enhance Natural Rubber Industry's Ability to Report on Sustainable and Ethical Supply Chains • SMX • Oct 3, 2024 7:00 AM
Transforming Alzheimer's Treatment: Innovative Combinations to Boost Cognition • PFE • Oct 2, 2024 9:00 AM