RE:RE:Arbitration Proceeding Stayed due to Non-paymentSo what does this all mean?
I'll tell you what I think it means - It means the company spent several years fighting a case against the Columbian government. Which in my opinion they had a little chance of winning from the gitgo. In 2016 when the Paromo legislation was passed by the Columbian government this company had $8.6 million in its treasury. Thats a good chunk of change which they could have gone out and made a deal on another property, did some work and at least give the shareholders another kick at the can so to speak.
Instead it would appear to me that on surface most of that money was squandered over this period. With a good chunk of it paid out in wages and salary to management.
Thats my opinion on this whole affair!