Replies to post #69892 on Copper King Mining Corporation fka CPRKQ

[RS500]

Any idea when this case will be heard? Have NS filed a counter suit to this one?

[CopperKen]

Wow, I'm glad I am on the side of CPRKQ on this one. It sounds like the damages are enough to give us ownership of NS. I wonder if they have any assets other than royalties from the land they sold us.

[richard the Realtor]

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 Utah 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.