Oromin Explorations Ltd OLEPF

RE:Looks like Guru moving on pumping another stock

[geezer21]

Dead in the water as long as the lawsuit continues. Last report filed July 15 shows no change to that and cash from the 12 percent compounded daily paid monthly loan shark continues to wind down. How much are the lawyers getting? 


In relation to the Offer described above, on June 13, 2013 Bendon commenced a lawsuit in the Province of Ontario naming Teranga, the Company and SHL as defendants. The lawsuit seeks declaratory, injunctive and monetary relief as a result of Teranga’s Offer. No amounts have been recognized in the interim financial statement as no determination of the merits of the case has been made and no quantum of monetary relief is set out in the statement of claim.

These are substantial barriers.  If this deal does not go through Oromin will drop like a stone.