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Sagres Energy Inc V.SGI



TSXV:SGI - Post by User

Comment by PulpCutteron May 03, 2023 10:19pm
107 Views
Post# 35429077

RE:RE:RE:RE:Has Collins Street called in their $10 million debt due?

RE:RE:RE:RE:Has Collins Street called in their $10 million debt due?

So $14.1M in Vango debt.

Plus, have to assume Vango/Catalyst now owes 100% of Superior's court costs (trial and appeal). The only reason Justice Martin only made Vango pay only 80% of Superior's costs, is that Superior lost on the 2017 ROFR.  But that loss has been overturned on appeal.

Smal potatoes, but it adds up.  Then you have the $23 mllion Zuleika damage claim pending.

The 2023 claims rent, and required exploration/development expenditures on Marymia, as well as on Whitelaw.

Making good whatever Henty is currently losing.

It adds up.

I hope DeCrisly Jr cashed that $1 million "performance bonus" check promptly.

Particuarly because it now looks like he ran the ship right onto a reef.

 

What a complete clusterfk Catalyst made of this.

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