RE:not sure where this is goingIm not sure how much this applies, but in the article (link posted) from Enirgi, they were going to sell off 4.4 million shares to get cash back..not sure if this happened already or if it got postponed..so this is just a link for you DD.
www.infomine.com/index/pr/PB327884.PDF My take is Enirgi wants some cash back and as always this company has been able to get exploration funds. The warrants were given from .15c to 32c so I see no reason why that is its funds they wont be able to pick up more investors. They have great land. They have been around since 2003 and on the TSX a few years back.
Good luck of course and I guess we shall all see how it plays out soon enough...if its all over based on returning 2.5 million...we will be in good shape to get the share price back.
Also...in the AOX MD&A filing they state:
During the period ended June 30, 2013, Enirgi Group Corporation filed a lawsuit for the
repayment of US $2, 500,000 note payable against Andover (see note 15 in the March 31,
2013 financial statements).
On August 22, 2013, the Company filed a Notice to Seek Creditor Protection. This measure
was taken to ensure the fair and equitable settlement of the Company’s liabilities in light of
the legal challenges launched by Enirgi Group Corporation (wholly owned subsidiary of
Sentient Group of Global Resource Funds). Andover’s management continues to operate
the Company and its subsidiaries and a proposal will be filed with the court in due cours