Replies to post #260 on Octagon 88 Resources (OCTX)

[bhumiartha]

To save folks a lot of reading, this is the behaviour pattern I'm referring to, extracte from one of the judgments:

"[30] The conduct of Mr. Tighe, the primary representative of the Defendants, supports the
appointment of a receiver. Although the Defendants submit that the assets that are the subjectPage: 8
of the order are secure, there is troubling evidence that the mortgage-backed debentures appear
to have questionable value, that the $200,000 that was supposed to be in Mr. Patterson’s trust
account does not exist, that the Georgia Pacific cash account that was supposed to contain
$986,000 is not actually a cash account at all, but rather a trading account. Mr. Tighe’s
affidavits and cross-examination on affidavits do little to clear-up these matters, and instead
add to the apprehension that these assets are of less value than represented to Paragon or that
they in fact do not exist."

Considering how many times the CEC North Star lands in which OCTX has a 30 per cent interest have been cycled and recycled, there may be grounds "that these assets are of less value than represented."