RE:Thoughts?Hey,
Nothing to be lost about.
IBC just did another propaganda piece to make it look like Ucore conceded to something. Ucore filed the injunction which paused the purchase until the judge makes a decision at least until the March 20th hearing.
At that hearing, the judge will hear the facts, and make a determination whether they will either deem the contract enforceable and refer to arbitration, or allow a longer jury trial based on IBC's evidence.
IBC is also pulling some legal shenanigans trying to change the hearing from an application to an action, which would put the timeline to years as opposed to months on the litigation.
All of it is legal positioning and bullying to try and gain leverage. I still think UCORE should renegotiate the terms of the deal to make IBC a bit happier but go smoothly. If the judge decides arbitration is appropriate, i think some settlement will be worked out before that process has to be finalized.
These situations are why contracts have arbitration clauses in them. Hopefully it will be upheld and our timeline will be a few months as opposed to years.