RE:RE:RE:RE:So what does this mean?
Aren't you being a bit optimistic here, Phoenix? I know wishful thinking can be powerful and I know you have a bull-dogged determination to malign Dino Cremonese and Teuton at every opportunity (for what purpose remains to be exposed, of course), but you might want to re-examine the lay of the land and the consequences of this action upon the shareholders of American Creek in behalf of whom presumably this action has been undertaken. Then maybe you could tell me if you think it was a good idea to serve these papers -- again, from the perspective of what is good for the shareholders of American Creek.
First, Calgary. You are assuming that a summary judgment will be granted AND you are assuming that the Court will find Teuton guilty of something worthy of a penalty AND you are assuming there will be a penalty AND you are assuming this penalty will overwhelm Teuton. If there is a summary judgment, Phoenix, what if there is a penalty and it's for $50,000? Will this overwhelm Teuton? What's next for American Creek now that the defamation suit will have been eliminated from its stable of assets? What will have been achieved that benefits the shareholders? Good relations with a joint venture partner? A signed operating agreement and exploration at Treaty Creek? Fifty thousand dollars ought to go a long way at Electrum, especially after the Company's most recent success. Will American Creek's lawyers see any of this money? How about American Creek's other creditors? And what if the summary judgment is denied, Phoenix? Where would that leave the shareholders? Better yet, what would potential investors think of a company with 200,000,000 shares, very little money, substantial debt, and a commitment to embark upon a long, expensive court case that likely will overshadow all other activities in which the shareholders might wish the Company to engage? You'll have to go to trial, Phoenix. How many financings and/or sales of assets will you require to pursue the matter in a fuil, drawn out court case, complete with a Pandora's Box that you and others might not want opened?
Second, Holmes. I don't know what Teuton actually is supposed to owe (of course, you and Saldo do, eh?) and I find it curious that American Creek would go to the bother of making a news announcement about something that has been known for months, especially in a manner that suggests there is a disinterest in cooperation and exploring with Teuton. I doubt the amount being claimed by Holmes is something that would turn out Teuton's lights, Phoenix, unless you believe that Teuton's assets, including its 49% interest in Treaty Creek, are insufficient to pay whatever the Company would be forced to pay. Besides, Holmes believes Teuton can raise the sum of money at a drop of the hat, and if Holmes is right, I guess it won't be Holmes et al turning out anyone's lights. Boo, hoo, hoo, eh Phoenix? Or are you saying that Holmes et al do not know what they're talking about?
So, then, if American Creek won't be turning out Teuton's lights and Holmes et al won't be turning out Teuton's lights, I guess that means Teuton will survive intact and you will have missed your mark once again. Boo, hoo, hoo.