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pand2015

10/01/15 12:52 PM

#50099 RE: Stargazer1945 #50012

Stargazer - champagne :) ++ pst
some stories are similar ....
Sirg's mine with Grandview/Sunburst for a couple of USD
GPXM with Pinnacle ... GPXM won on June and today has also settled the last
pending and debt up to USD 1ML has been cancelled
(a total of 1.5ML promissory notes debt cancelled between June & September)

Is the wind changing in favor of companies against these sharks ?
*******
Champagne today for GPXM, next days for Sirg?
I'm a believer and this always pays in life :)
I am sure they are doing all their best (without Orot was lost)

So, let's go SIRG - all the best to the management :)
And to us too :)

**********
from GPXM:
The arbitration proceedings were completed, and on June 4, 2015, the arbitrator ruled in favor of the Company and denied the claims of Pinnacle. The arbitrator found that Pinnacle committed fraud in the sale of its membership interest. The arbitrator awarded damages to the Company totaling $573,469, comprised of the return of cash amounts previously paid by the Company to Pinnacle, certain expenses paid by the Company towards production in Peru, and attorneys fees. Notes payable to Pinnacle totaling $440,000 previously recorded by the Company were extinguished pursuant to the arbitration decision (see Note 6).