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Kure Technologies Inc V.KUR.H

Alternate Symbol(s):  UBSBF

Kure Technologies, Inc. is a Canada-based company. The Company has no business activity. The Company's subsidiary is UBS Wireless Services Inc.


TSXV:KUR.H - Post by User

Bullboard Posts
Post by gijane_on Jun 08, 2012 10:06pm
481 Views
Post# 19995406

Rape and pillage

Rape and pillage

... 25. UBS is also asserting independent claims against McGoey and Dolgonos for:

(a) the return of certain expenses that appear to have been improperly claimed by each of DOL and Jolian;

(b) ...

(c) damages from McGoey in connection with a transaction involving a company - UBS Ltd. - that purchased UBS' operating business and the failure of McGoey, in his capacity as CEO of UBS, to ensure that the interests of UBS were protected in connection with a right that UBS had to acquire 2/3 of the shares of UBS Ltd. for $1, which right UBS asserts Mr. McGoey allowed to expire without obtaining instructions from the UBS board; and

(d) damages from Dolgonos, in his personal capacity, for his involvement in the failure of McGoey to cause UBS to exercise its right to acquire the shares of UBS Ltd.

 

.... 42. The List Stay Motions are intended as further tactical maneuvering by DOL and Jolian to increase the costs of the CCAA proceedings and to delay the determination of their claims in the hope that Dolgonos will be able to replace the UBS board with his chosen directors. It is worth noting that DOL and Jolian have not even complied with the intention underlying the Claims Procedure that the parties would lay out the factual and legal basis for their claims.

 

 

Bullboard Posts