Replies to post #32779 on Mensa Mining Corp (fka EQBM)

[Zorro]

Been trying to put the pieces together myself on this fo a llloooonnngggg time ;)

[xgin]

Righy, Edit: deleted the idea that downpaynent has actually been made.
Monday February 26, 4:00 pm ET

"TORONTO, Feb. 26 /PRNewswire-FirstCall/ - Soma Petroleum Limited (SOMA) - (Frankfurt Stock Exchange: symbol SA1), Equitable Mining Corp (EQUITABLE) (a resource company trading on Frankfurt Exchange: E5W and on PinkSheets.com: EQBM) and partners announce the finalization of the contract with Actel/Aikete, Ltd ("Actel/Aikete") with an initial cash down payment for the rights to holdings in all assets to include mine tailings, land, capital infrastructure including one production line in exchange for cash and securities.

Actel/Aikete will use the initial funds to acquire chemicals and manpower for the production lines. Also, funds have been allocated to continue the public relations campaign...."

In regard to these 2

"Larry is releasing news stating our financing funds have been down payed towards our project.

New partner states down payment not to be expected until middle march."

The way I could read it the deal HAS been reached, but has not been paid yet though I could be wrong.

BTW, I never heard back from Larry though the PR did come out.

[kermit42]

Kermit you are a lawyer, I am on the stand, you are cross examining me, is this cross examination looking like it will take a lot longer than it seemed at first???

I would clear my schedule. Of course, I would have deposed everybody first so I'd have a good idea of where this is going.

FWIW, the PR didn't say the contracts were signed, it said they were finalized. There is a distinction there, but when you get to the point where you are making distinctions like that, you're in trouble.

I've stopped bothering Ms. Hui as I no longer see the point. She confirmed the deal is real. It seems to me that is the full extent of what she can offer us.

If we believe, then there is nothing we can do but wait for the real PR because that is the only thing that will move the stock price up. If we don't believe, then there is nothing we can do but sell.