Summary Trial Redux Jumpy, a few days ago I posted a comment on July 3 stating:
"As the date for the summary trial in our litigation approaches, I think the amended defence presented by Teuton's counsel should force this into a full-blown trial because when claims of fraud are made, a summary trial, almost by definition, should be off the table. We have to wait and see."
In fact, I've predicted this very outcome several times. Many others have pointed out that a summary trial is for when the facts are not contested; rather the interpretation of how those facts are to be applied to an agreement are in question.
The facts are the facts and Teuton's amended defence motion was a compelling and extraordinary document. In that motion, Teuton's counsel uses words that are usually reserved for criminal cases, such as the allegation of "fraud" by AMK. Their words; not mine. So this may not be over for AMK even after a civil trial.
With regard to the news about Seabridge, my best guess is that AMK simply released this news before Teuton got to it. But I'll have to check with Gary. If it's true, it's good news for Teuton and I doubt that Teuton would be opposed to Seabridge working there. I don't believe SEA can work there without the permission of both AMK and TUO. I reserve my right to be wrong about this :))
The above paragraphs constitute my opinion only. I am a shareholder of Teuton, as most of you know, and these opinions are based on publicly available information and I have chosen to find Teuton's position more credible than AMK's.
Since I'm sure many AMK shareholders will see this differently, spare me the insults; let's just agree to disagree. Only the Canadian judicial system can resolve this now; what we write are simply educated guesses. (And occasionally "uneducated" guesses.)
Last but not least, Jumper, nobody can resolve all your questions. The nature of investing in speculative companies is uncertainty, occasional setbacks, occasional "pops" and "drops;" but for those of us who see the potential in the future, these things just come with the territory. Anyway, it does look like you found the AMK blurb on the discontinuance of their push for a summary trial (if that's what it is!), so good job on that.
To the rest of our Teuton "family," let's hope Teuton has some good news for us in the coming days and weeks.
RR