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15:52
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Originally posted by TheArchitect
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I know a few Judges and spoke to one of them about this on the information that is only known to the public and they said this about the emails:"If there's an email or a series of emails that discuss an offer and clearly states for entering into a deal with all the material terms and the other party replies by email accepting the terms or in any wording that lays suggestion to accepting the terms, then there is a very good chance it will be deemed a valid contract has been formed, there doesn't need to be any signatures exchanged. So watch what you write in an email and how you word responses, offers and alike, if the intention is only to negotiate towards leading to a formal written and signed contract that both parties would accept then it must be clearly stated in the emails, if not then watch out, that company (MZN) may have a real case. It all depends on what is contained in those emails and any wording, without seeing all the details in the emails any discussion is just speculation. And yes emails are commonly used and accepted as contracts these days now with no formal signature."
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So if this has been an ongoing issue then MZN directors failed disclosure and bought shares illegally. They go to jail...it is that simple.
