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suninthefun

05/07/11 2:07 PM

#22615 RE: twilko #22614

Dude you are going in circles. Everyone on this board is claimin that the 8k that itronics filed of a press release was proof that the nir notes were cancelled. Im telling you that a press release does not make something true even it if it filed in a 8k. The court filing says that NIR will be paid back in stock according to an agreed formula. So lets see the agreement that shows the formula. You as investors should want to see such a thing and not cloak it. You should be happy that the litigation is over.

Material events are required to be disclosed. It is pretty simple. The judge is not bound by anything other that the rules of law. The judge never entered any secrecy documents. Read the court filings. So you understand, if there is a confidentiality clause, that clause cant be used to avoid the SEC rules or laws. So the reporting obligations of itronics trumps any agreement and they cant be held liable for complying with the SEC.