I have to say that there is a serious question with regards to section 15. Stating that "through phone conversation and a subsequent memorandum of understanding. First I have to ask does Utal even reconize a verbal agreement or contract with regards to Real Estate? Even if they do reconize a verbal agreement. By Nevada Star not cashing that check expresses that they are not entering into this alleged agreement. And a memorandum is most definetely not a bi-lateral agreement. In order for a verbal agreement to be reconized there still needs to be proof of the other party acknowleding and excepting the agreement by such ways as an exchange of money. I do not see any other proof that there was an fully executed agreement in place. Especially when exercising an option, both parties should know how important it is to be thorough with such agreements. If this can not be substantiated the rest of the complaint is of no consequence. From what I read here is that Nevada star handled it the way I would have handled the situation. Hey If WUCC wants to continue to move forward under these circumstances without an agreement in place. That would put me in a win win situation. Now I am the one with the option. I can just sit back and see how this all plays out and make my move when and if it suits me.
Chuck, our CPRK venture is a #1 regardless. I know that it has been referred to as a #2 often enough, but that is just because it should be unfathomable that we should fail, even from the beginning.
Thanks for the read. It's good for all of us to stay up to speed. Particularly as more questions are raised.
This is important to the entire perception of the Nevada Star/Pure Nickle involvement with WUCC/Copper King Mining. Investors and interested investors should at least read the introduction on page 2 for an idea of what currently rests with the courts. Once you have read that you would no doubt want to read the entire document as filed on August 27th, 2010.