RE:Treaty Creek litigation is about controls the title Misty, you are a clown, a liar and everyone know yours purpose on this board. As mentioned before, TUO and its lawyer are taking good notes...
At least when you try to defame TUO, try to make up a story based on statements that cannot be validated...You are such a moron!
Anyways, from you previous post you said that AMK has 100% and hold 49% to TUO.
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Highper's contention that the worst case for Tuo is that they get 49% of TC. He very conveinently omits the fact that the original agreement states that AMK gets 100% of the title and holds 49% in trust for Tuo. Tuo does not own TC they only receive 49% of the benefits if any ever materialize. The Original agreement also appoints AMK as the operator of TC. Tuo is also obligated to pay 49% of any future exploration costs or start to lose a portion of their 49%. The exploration programs are totally at the discretion of the operator, Tuo has no say in this whatsoever. All they can do is pay or lose."
From the American Creek website, here's the PR on the earn-in agreement:
"Under the terms of the agreement, American Creek may earn a 51% interest in the Treaty Creek Property by issuing 100,000 shares and spending $5.0 million in exploration over three years. At least $1.0 million in exploration costs must be incurred on or before March 31, 2008; an aggregate of at least $2.5 million by March 31, 2009; and a total aggregate of $5.0 million by March 31, 2010. American Creek may earn a further 9% interest (such that its aggregate interest would be 60%) by completing a positive feasibility study on the Property."
https://www.americancreek.com/in-news-mainmenu-19/news-2007-mainmenu-64/73-american-creek-signs-earn-in-agreement-with-teuton-resources-on-treaty-creek-property
Maybe it's only me, but to me it clearly says that AMKMAYearn 51% by....
How can you then interprete this as AMK owning 100% with 49% on hold for TUO if they continue to pay their share of the expeditures?
Like it or not, TUO currently owns Treaty Creek until AMK proves (in court) they have met their obligations.
By the way, how's your exploration program going? Ooops. Sorry, you don't have any! It must be soooo frustrating to see credible and qualified people, like Dino, attracting and signing deal with major resources companies.
Sorry dude, you have bet on the wrong horse!
cya
Fabe