Post by
uranium777 on May 21, 2013 8:01am
How and When will this end? Litigation?
Aquila could be in very serious trouble...? What land owner(s) that had their mineral rights claimed by VMS Development who then sold and or leased to American Copper & Nickel (AC&N) and then to MREC, Aquila, other third parties, etc. want to own the Back Forty Project? Afterall, I believe Quigley sold / leased and actually listed those mineral rights as an asset and even paid RL (former director of Aquila and significant stock holder) and HK (significant stock holder and who discovered this deposit) $$$ for these rights... even though VMS Development didn’t own those rights? In fact, AQA still lists AC&N(former partner) as being owned a 7% smelter fee for this deposit..... Hmm,, Does anyone think AC&N would have invested any money with Quigley if they knew he didn’t own what he and his partners claimed to own? NO! Here is where we’re at today: With what they had for cash on hand ($86,753.00) on March 31st.... I believe now would be a good time to sue to get the money that owed the real owners of these mineral rights.... including the 358 parcels (about 20K acres) the State of Michigan MADE Quigley, Aquila VMS Development, AC&N and other “third parties” remove their claims... then VMS Development relinquished all their claims in Menominee, Marquette Counties and the dissolved themselves as a LLC? Dissolving a corp does not prevent persons from suing the owners,,, In fact, by dissolving that LLC they made it easier to go after personal assets, or so I've been told.... by good authority.. So, what group of land owners wants to take this deposit as fair compensation for the act of claiming to own and then selling the rights they NEVER OWNED? With only a less than a few bucks in the bank = now is the time to pursue this option (obligations exceed cash and accounts payable)... That is my humble opinion... I want Quigley to know the letter he received from AQA attorney Tinti to him dated July 2, 2012 (ask Quigley about this letter) that Quigley then sent to my friend KD at WPHC stating VMS Development NEVER owned mineral rights they claimed and he knew they were no valid and should be ignored? In writing on his own letter head to his client talking about another of his clients (VMS Development) saying they NEVER owned what they claimed to own, not a legal or valid claim?…. Here is a shout out to KD – thanks for baiting Quigley into thinking he could look at your property.This letter is, pardon the pun: golden. Hey, M.N. = now is the time to renegotiate your deal… it will be worth a whole bunch more than what you were negotiated when you settled your lawsuit against Quigley, VMS Development, AC&N and others..