Stans Energy Corp V.HRE.H

RE:RE:RE:RE:RE:RE:Original press release

[TrickyGame]

Kaliahk wrote: I have been trying to talk people out of this stock on here for the last two years or more (since it was about $0.25), only to have abuse heaped upon me.  The fact that there are still people who are expecting something to happen with this company continues to amaze me.  While they did have an annual meeting last year, the last time I looked at Sedar, it appeared that the company was under water.  Even with the recovery of the arbitration award, the company is not going to get any more than crumbs, and most of those will probably go to wages/bonuses for management for keeping the lights on until the award can be recovered for the primary benefit of the funder.  I suspect the funder will be entitled to more than the amount recovered under the funding agreement (though management has not disclosed the terms of the agreement to my knowledge), but will compromise to allow for some compensation to the management for not walking away.
The lithium project will be abandoned or sold to someone else for next to nothing and management will go to work for that company.  If the company continues, current shareholders will be diluted to nothing just to finance evaluation of the project.  This is not a new situation - the shareholders were definitely dead money since the award, and I thought that would be the case since the advisory opinion on the investment treaty terms was issued years ago (and management misrepresented what it meant for the Moscow award).
JMHO.  DYODD.

There is a clause in both funding agreements that the fees cannot exceed the award under any circumstances. So no the funders will not be entitled to more than the award. And Stan's has $1 million in debt and they owe $15.1 million to both funders combined that's $16.1 million the Kyrgryz owe Stan's $32.5 million. So how are we going to be underwater if we get the full amount? And the funders fee is stipulated to be based on a range of factors including time to reach a final settlement. Which should mean the longer it takes the less the funders fee will be

Aren't you the guy who says he's a corporate lawyer in the US? yet you can't even correctly read company information?