RE:Re-read Manuel's 420 pg's. Any questions?Much of what is conveyed below has been gone over previously but it nevertheless doesn't hurt to review some pertinent information. Most of the questions are rhetorical.
Ucore appears to have been upfront about its intentions and has remained consistent with its story as to why it got involved in business with IBC that being "Ucore focused its activities entirely upon developing a deepening relationship, which included enhancing IBC financially and developmentally" with the intent to partner with and eventually take over IBC. Was IBC's intent the same or was IBC's intent on getting as much money from Ucore as they could however they could without being taken over?
Does it not appear that throughout the process Ucore's intent was to help develop IBC to a point where it made sense for Ucore to take IBC over and that Izatt's information on the other hand portrays a company or person that was solely intent on obtaining as much money as possible and it seems hoping Ucore would dissolve in the process?
Consider Ucore's actions with those that have come to light with all the information Izatt has shared related to his efforts and actions via his affidavits. Who has been acting in good faith and striving to develop a business relationship and not solely focused on monetary gain?
November 2014 Project 4 (JV) completion payout increased by $500,000. Why and to whose benefit?
Where does IBC ever improve Ucore's situation through its efforts that Ucore doesn't pay for?
When Ucore pulled out of the PGM plant why didn't IBC continue on with that effort on its own?
Ucore appointed 2 Izatts onto its board. Is this the actions of a company wanting to induce?
The Research agreement amended 3 times - 1st $500,000 for JV which was a future agreement to be developed, 2nd increased advanced payments to $915,000, 3rd increased price of pilot plant from $200,000 to $2,234,350. Why and to whose benefit?
Who was acting in "good faith"? IBC states it did and had. Where are examples of IBC acting in good faith?
Why was the Option Agreement amended to increase cost to exercise the extension from $300,000 to $350,000?
Ucore paid $1,182,800 to IBC for the PGM plant development which included plant engineering, IBC's intangible partnership contributions and IBC's corporate resources for development of the business infrastructure. How much was paid for the undefined "IBC's intangible partnership contributions" and what were these contributions?
Why would the announcement of the Option to Purchase Agreement be an embarrassment to IBC? IBC had been paid $650,000 for the OTP Agreement. 63% of IBC shareholders signed the OTP Agreement so it wasn't something that had been kept secret from them so why was Izatt embarrassed?
Ucore apparently felt pressure from IBC for more money and so made multiple overtures and numerous proposed concessions in exchange for a prospective revised joint operating and Option agreement with IBC to preserve and further the relationship. Why was Izatt willing to come back and work with Ucore again?
Ucore offers to involve IBC in REE separation opportunities to benefit IBC exceeding $40,000,000 BUT IBC refuses because IBC realized wanted the OTP terminated. Why was Izatt willing to forego $40,000,000 to get the OTP terminated?
Why would Izatt issue numerous press releases having no fiduciary or Ucore shareholder responsibility to do so that may and likely had a damaging effect on Ucore financially?
Ucore states to IBC that they would prefer to resolve their dispute amicably and reach a business resolution. Why would Izatt pursue legal action instead of trying to resolve the dispute?
Why has Izatt initiated so many court actions against Ucore especially seeing that they all have most of the same elements asking to be considered?
IBC didn't terminate the OTP Agreement prior to Ucore exercising it because it would have cost him $650,000 and the potential to develop a business with Ucore. Can an agreement be terminated once it has been exercised?
Why did Izatt not terminate the OTP Agreement when he had threatened to multiple times?
Things aren't always as they appear. We will soon find out if this is true or not in this situation.