OTCPK:EUCTF - Post by User
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Ringerton Aug 30, 2018 5:12am
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EUO is now being sued as well
EUO is now being sued as wellClaim On June 21, 2018, Yellow Brick Capital Advisers (UK) Limited filed a claim against the Company, its subsidiary, Croptimal Ltd., and one of its officers in the Magistrates Court, in Tel Aviv, Israel. The lawsuit alleges that the Company and one of its officers lacked good faith in carrying out and terminating negotiations for a possible sale of the shares of Croptimal Ltd. In its claim, the plaintiff seeks monetary damages of 518,459 New Israeli Shekels (approximately, 185,245 Canadian dollars). The Company’s management believes the claim is without merit and plans to defend itself in court.
Source: MD&A of AUG 29.