Andover Mining Corp. V.AOX

Our CEO threw in the towel

[blankspace]

Our CEO  couldn't handle another rejection (big ego) and probably realized his fate. The story I heard just before bankrupsy, was that Ophir, who was going to fund AOX, pulled out of the financing. The reason I heard was that Al McKee has terminal cancer. If true, both JV's bailed on Blankstein (Enirgi and Ophir)
Which leads me to believe that AOX assets are better than being stated on this board. With a weak management, the vultures thought they could steal the assets in a bankrupsy, rather than stepping up with a financing.
We shall have to wait and see.

[souwester]

However, there were many months to raise the funds. With good assets, funds could have been raised from somewhere. The only way for a suitor to have been sure of gaining the assets would have been to do a financing. Who knows who will win the auction(s)? Enirgi had apparently offered to proceed with controlling ownership, which would have salvaged something. The quality of assets is no longer

[souwester]

I heard that the proposed financier had a different health problem, but had recovered and that the funding was to proceed shortly. Of course, shortly never happened.