Speaking of Auric Gold and this is speculation. But, seems the timing of the 17 Mar PR "could" have been waiting for the resolution of the litigation. I mean just cause the letter of intent news came out on 17 Mar doesn't mean the agreement between the group and ITRO hadn't already happened.
RENO, NV -- March 17, 2011 -- Itronics Inc. (PINKSHEETS: ITRO) wholly-owned subsidiary Whitney & Whitney, Inc. reported today that its majority owned affiliate, Auric Gold & Minerals, Inc., has extended a letter of intent to acquire control of a public OTC BB listed gold company by way of a reverse merger to be accomplished by an exchange of shares on or before July 1, 2011, or on such other date as the parties may agree.
2 weeks later the litigation is resolved and an agreement reached and seeing we don't know the details kinda makes sense for me to announce the extension of the letter of intent for the reverse merger if possibly they had reached said agreement back in middle March.
Seriously thinking Whitney and Whitney being a wholly owned sub of Itronics and the way the law works, or doesn't for that matter this resolution with the group may all have been what they were waiting for and with Gold and Silver both smokin hot well..
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