MAE 0.00% 0.0¢ marion energy limited

lobo well service vs marion energy inc

  1. 2,913 Posts.
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    Not long now before this court case goes in front of the jury. Multiple millions are at stake.
    One critisism of the American Justice system is that the higher up you go you end up in front of a jury.
    Its often said that justice is fairer in front of a judge alone, as the jury are not experts, and will often side with their own, within their comfort zone, and gloss over technical information.

    So here we have it.
    An Australian Company that won't pay their bills versus a local believing in god, company. The jury will be packed with many good christians, mainly Mormons.

    Marion is a foreign company fighting against a local business, with local people on the jury and in a local court.

    Iowa Tank Lines... They lost that case dismally and ended up paying much more than the original bill plus their own costs.

    The Lobo case is much bigger.
    Fighting a case in a foreign country against the locals is not easy, especially when it goes in front of a jury.

    Marion has hardly touched the Convertible Notes.
    How much money do they have left?
    Financial crunch time is getting closer again.
    If they lose the Lobo Case we could be talking $4M+
    The interest clock keeps ticking, and they will need money very soon, either through the convertible notes, equity partner or capital raising.




 
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