I have been in communication with Alta Street for around twelve months in relation to the Myeleti Minerals case.
The information that she has provided in the past has been reliable and accurate.
She informed me the day before the court case was due to be heard that it was definitely proceeding.
She informed me yesterday that the case had been heard and that there was a reserved judgment.
If in fact this matter wasn't heard then I believe the court would be releasing public information stating that the matter was either withdrawn, adjourned by consent, adjourned to a date to be fixed, adjourned "sine die", that a "nolle prosequi" had been entered on the court record or something along similar lines.
It is my understanding that a court will not make a reserved judgment claim until the case for both sides has been heard and that is consistent with the information that I originally received from her advising that the case was being heard.
This case wouldn't be argued by witnesses giving evidence in chief, cross examination, re-examination followed by lengthy summations, it would be argued through written submissions so it is reasonable to believe that it could have been concluded within a single day.
A reserved judgment refers to a judgment that is withheld in order for the court to consider more information before handing down a decision.
This concerns me, why don't all shareholders who are also concerned contact Landau and get an explanation from him, he doesn't communicate with me.
Stagman
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