SUNRIDGE PAYOUT UPDATEApologize ahead of time, but I know some old Sunridge shareholders still lurk here. Anyone have an update on the 3rd Sunridge distribution. Thanks in advance for reply. This is all I can find :
The Third Distribution
The tied up money relates to a dispute between Delizia Limited and Eritrea. Delizia alleged that it hadn't been fully paid for equipment that Eritrea purchased, and won a $4.4 million USD foreign arbitration judgment against Eritrea. Delizia was issued an order of garnishment that allowed it to collect the arbitration judgment from debts owing or accruing from Sunridge to Eritrea. Sunridge appealed the order of garnishment and won, but Delizia appealed that decision to the Canadian Federal Court of Appeal, which is where things currently stand. Sunridge mentioned that the appeal is expected to be heard in Q2 2017.