Replies to post #22396 on Itronics Inc (ITRO)

[harpe5368]

Resolution of its litigation with the NIR Group, Ltd. and affiliates. This news is big news. It might take a while to get going. This thing is settled. IMO, This is what's been holding things back. All you need to do is go to the NIR board to see the problems they are having at this time. It was just as important for NIR to get this settle, as it was for use.
Now they have solid numbers to show their shareholders, and the uncertainties for ITRO are gone. IMO. People should start lining up for this one.

[$oldier Hard]

That makes it official. Thx for posting it.

[dcor]

It doesn't say what the resolution is. How will it affect itro financially?

[harpe5368]

This P/R said alot .Press Release Source: Itronics Inc. On Friday April 1, 2011, 8:40 am EDT
RENO, NV--(Marketwire - 04/01/11) - Itronics Inc. (Pinksheets:ITRO - News), a "Creative Clean Technology" company, announced today that it has reached a resolution of its litigation with the NIR Group, Ltd. and its affiliates, which held Convertible Notes issued by Itronics. As part of the resolution of the litigation, the parties have entered into a settlement agreement for the balance due under the Notes and the Notes have been cancelled.Dr. John Whitney, President of Itronics, stated, "We are pleased to conclude the Litigation. Itronics will now be able to devote its full resources to developing and growing its business."Corey Ribotsky, Chairman of the NIR Group, stated, "Litigation is a last resort for our family of funds. We are encouraged by the progress that Dr. Whitney and the Itronics team have made and we support their efforts to develop Itronics' business."