Replies to post #32845 on New Colombia Resources Inc fka NEWC

[Cargoman007]

Just shows that NEWC is being sued for a default on a loan contract.

Apparently, the plaintiff has evidence that counsel for NEWC said company was out of business. Plaintiff also claims that NEWC was deceptive by changing names, address etc. Looks like this case is going to trial. Unfortunately, it won't go to trial to next year. by then NEWC should be dissolved in my opinion. Those interested in investing in NEWC should look to make sure there are no more defaults on contracts. These defaults and court cases I am of the understanding are material facts and should be disclosed through proper SEC filings.

http://law.justia.com/cases/federal/district-courts/new-york/nysdce/1:2015cv08710/449645/40/

Just my opinion here.