GREY:ADEXF - Post by User
Post by
zedman4on Mar 11, 2010 7:12pm
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Post# 16873594
rpdulca......... up to your last post....
rpdulca......... up to your last post....I had you pegged for an insider of aei; Sorry.t I stand to be corrected, since you more or less claim ignorance of the the clause in the agreement between AEI and Roche Bay plc where it states that failure on AEI's part to spend up to a million dollars on exploration each and every year, of the agreement, AEI will have to pay $250,000 to Roche Bay. But to fail twice( the spending of up to $2,000,000 spending) during the the term of the agreement will put AEI in defult of the agreement.
Instead of messing around with the internet, Get it straight from Ginger. I'm sure you can get ahold of him. Also verify that a quarter of a million $ was paid by AEI to Roche Bay last year in lieu of spending 1 million bucks on exploration.
Also there is the clause where either party to the agreement can get out of it with 120 days advance notice, but under what consequences is what I would like to know.
You as a share holder; Ginger works for you.Get it straight from him and let us know