TSXV:HRE.H - Post by User
Comment by
Kaliahkon Nov 01, 2014 4:23pm
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Post# 23085339
RE:RE:My attempt to explain where Stans is in its litigation
RE:RE:My attempt to explain where Stans is in its litigation
They have accurately reported what has occurred but, based upon the reaction of people on this forum, that reporting has apparently given the impression at least to unsophisticated investors that the award of $118 million is a done deal and they will be collecting it imminently. If that is true they just need to come out and say it. If the defense of lack of jurisdiction cannot be raised at this point, state that. Otherwise state what contingencies currently remain before possible enforcement of the award. I think that they need to have explained what was going on in greater detail rather than providing an incomprehensible opinion from Russian counsel. Certainly they or their Canadian counsel could provide a clear explanation of what shareholders should expect going forward. That is what I mean about not being COMPLETELY forthright. I have been following this and have been very confused about where we actually stand in this process, but the recent opinion of the Canadian court seemed to clarify it some.