Anyone with any knowledge of commercial law would know that if the BOD had any commercial nouse they would have never released any product without an enforceable binding contract AND a deposit. You would only enter into a contract if you knew that the entity you were negotiating with actually had the wherewithal to pay should any terms and conditions of the contract not be for filled. Now we have a situation where they can't sue for performance because varmco is just a useless shell, instead they have to rely on the "possibility" that they may be paid sometime in the future all going well with "testing". Good luck with that one punters. In the meantime Varmco freeloads on MGC through its testing program to their financial advantage.
MXC Price at posting:
6.3¢ Sentiment: None Disclosure: Held
