TSXV:NDVA.H - Post by User
Comment by
ScarletSpideron Jun 12, 2024 12:04pm
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Post# 36084981
RE:Hey Scarlet
RE:Hey ScarletThat looks like it is going to head to a lawsuit if the two sides dont resolve things in a compromise and equitable way. The problem with people who think they hold all the cards is they forget there are lawyers/law firms who will give some free counsel and who depending what is negotiated especially if the firm believes there is a case and one that they can win may charge no fees unless they win upon as mentioned determining there is one worthwhile to fight with a really good chance of winning...this is the best case scenario, a lesser case but also considerable one will be that the firm may charge a retainer either at an hourly rate to certain amounts or a fixed amount which may be the more likely way moving forward but i guess this all depends on what is negotiated and if there is a winbable case. If there is no case in that Delta 9 is clearly in default well they will need to work that out with SDNL.
Bottom line you have two opposing sides about a 10,000,000 loan repayment dafault conditions. If i was Delta 9 felt strongly i am in the right i would take a free 30 minute legal counsel see where things are go from there and if i am right i will say look consulted legal counsel this is what they said. I would rather handle matters out of court and come to an amicable compromise which is workable for the two of us (depending how strong the case and if there is any amounts of liability...) failing that well you go to court.
It is in neither parties interest for that to happen as it is too time consuming and disruptive to both of their businesses. But this looks like it will go to court or there will be talks about some compromise. Either way the stock is something that carries good amounts of risk handled with longer term vision in mind. Can it do any worse well .01 i dont think half a cent but i dont know. Now SDNL will either be right or not hard to say and the loggers head unless figured yeah it will involve legal tellings.