This should help GSM understand the recent “corporate presentation” that shows Acuity owning 4% of the company on 31 December. The “at-the-market share issue” is shown as holding 200 million shares, although no funds were collected from these until mid-January. That’s 4% of the total 4.47 billion shares issued.
Likewise, NTEC is shown as having only 11.5 million shares released from escrow for whatever accomplishments they had achieved at that point. There are still 412.7 million shares escrowed for them. Vern Lund obviously has a conflict of interest, sitting on the AZL board while also employed by the company that has to negotiate new terms for acquiring these shares.
The Hualapai won their lawsuit because they didn't have a seat at the table when the misbegotten Plan of Operations was reviewed by BLM. Now it is AZL that does not have a seat at the table, as the Hualapai negotiate the surrender terms with BLM. AZL can't afford its lawyers and neither can NTEC. "Slightly modified" is impossible when BLM agrees to facts for any future exploration plans, and for the same judge to retain jurisdiction. But it's golden language for Laura Berglan, to convince Judge Humetewa that the matter is not yet settled.
AZL Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
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