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Stans Energy Corp V.HRE.H

Alternate Symbol(s):  HREEF

Metals & Mining Industrial Metals & Minerals
Stans Energy Corp. is a Canada-based resource development company focused on advancing rare and specialty metals properties and processing technologies. The Company focuses on potential target properties in Canada and the United States. The Company's subsidiaries include Kutisay Mining LLC, Kashka REE Plant Ltd., and SevAmRus CJSC. The Company has not generated any revenue.


TSXV:HRE.H - Post by User

Stans Energy Corp > Arbitration Update
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Comment by TrickyGameon Sep 19, 2019 10:35pm
381 Views
Post# 30146140

RE:RE:RE:Arbitration Update

RE:RE:RE:Arbitration Update
mrstockguy wrote: Stans is not challenging the award. Therefore the company is bankrupt.

Why are you taking about settlements and time to
collect. 28m dollars . It’s over. - sell up at .02 before you lose everything now.



They are not bankrupt. Unless i read the financial statements wrong Stan's only technically has 1 Million in debt. the loan in the statements is the money that both funders put up advancing the case. I believe it says that in note 8. Thats on a non recourse basis and there's a clause in both aggreements thats the fees cannot be more than the award under any circumstances.
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