Silk Energy Ltd SLKEF

doingthejob---NOT

[Nickel77]

Doingthejob
 
Ontario Superior Court Judge Browns recent Rulings againstISM and its Management are in stark contrast to your opinion of how you believeISM goes about its ethical business practice.
 
Judge Brown’s decisions and rulings could not have been madeany clearer.  In my opinion, having theCourts Independent and Respected decision out in the open will make it verydifficult for ISM to deal with anyone in the future, especially thoseshareholders of UMJ.  Who in their rightmind would ever want to associate themselves, or work with a Management Group thatconducts itself in the manner Judge Brown has laid out in his findings?
 
“The OntarioSuperior Court has ordered Forbes & Manhattan Inc. and Inspiration MiningCorp. to pay costs of $60,000 to Ursa Major Minerals Inc. and $50,000 to aninvestment company indirectly controlled by Wesley J. Hall (159).
Highlights:
Court awardedsubstantial indemnity cost against Forbes & Manhattan and InspirationMining;
Court foundForbes & Manhattan and Inspiration Mining conduct"reprehensible";
Court found complaints by Forbes & Manhattan and Inspiration Mining tohave "lack of merit."
In his decisionJustice Brown found that:
Forbes & Manhattan and Inspiration Mining engaged in tactical litigation;
Forbes & Manhattan and Inspiration Mining made serious allegations ofmisconduct that lacked merit;
Forbes & Manhattan and Inspiration Mining engaged in reprehensible conduct.
Justice Brownstated in his decision:
Forbes & Manhattan and Inspiration Mining did not ask this court to adjudicateon the merits of their claims. Instead, they folded their cards just before the knock on the courtroom door,and they abandoned their application.
Forbes & Manhattan and Inspiration Miningbrought before Justice Brown simply marked another tactical skirmish bythem in their contest against the management and board of Ursa Major. ThatInspiration Mining and Forbes & Manhattan withdrew their request forinjunctive relief at the last possible minute underscored the tactical nature of their use of the courts.
In sum, Justice Brown finds that the serious allegations of misconduct levelled byForbes & Manhattan and Inspiration Mining against Ursa Major and 159the lack of merit to those allegations, and the tactical use made byForbes & Manhattan and Inspiration Mining of the proceeding combine toplace the litigation conduct of Forbes & Manhattan and InspirationMining in the category of reprehensible conduct.
Once again ISM shareholders are reminded just how theirinvestment dollars are put to work.Instead of exploring and trying to prove up an economically extractableresource, ISM continues to move further and further away from the explorationbusiness of the Langmuir Properties.This can only show ISM management has little, if any confidence in the prospectsof Langmuir Prosperities. If ISM did have confidence in these projects,management would have dealt with the recommendations of Micon long ago.  
With the stock hitting another year low at .16, hopefullyISM shareholders will have seen and had enough of this management.  Even if shareholders have to buy out the “Golden Parachute Package”, they wouldprobably be far better off to see the Randy Man leave.  At least with a new management in place, ISMshareholders may have a chance to recoup some losses.
It certainly doesn’t look like the Randy Man is Doingthejob very well in buildingshareholder value, does it?