Double danger to Scorpio and Peter After years in the jr mining industry as a investor and a participant I know that with something like these kinds of charges against Scorpio and because he leads Scorpio, Peter Hawley are serious issues for them. Even if they win in a court of law, that win may be lost in the court of public opinion. The public understands courts. The thing about who has the most money and meanest lawyers. Not always who is right or who is wrong.
Charges like these Golden Phoenix has brought, if true, are poision in a industry that is quite small and there are plenty of micreants attracted to it. Reference Mark Twain on mines and mining promoters. It takes a long, long time, and impressive track record to gain the respect of the industry and the investors in this industry. Peter Hawley and his companies, Scorpio Mining, and Scorpio Gold have gained respect up until now. It takes a long time to gain that respect. It takes oone slip to lose it all. The question now is can he and his companies keep that elevated postion? All depends on what comes out, and not necessarily what the court comes up with. Rather than just what the courts come up with, it is as least as important now as to how the investing public preceives the possibility of the the charges having merit. That what really is going on here in the end. How does the investor react?
This type of thing is never good for a company.