possible court outcomes, page-4

First 4 Last

Share
Profile

Follow
charliek

1,325 Posts.

05/09/14

13:22

Post #: 13930818
Share

Originally posted by invest4it ↑

Was curious to think what other holders think possible outcomes are from the trial??

2c is:

Judge finds irregularities in the cancellation of the LOI 2 SMM thus agreeing to their claims,
further to the point judge brown notes that due to land banking and no landowner consent that SMM have absolutely no right to Isabel.
Axiom kb Landowners will be upheld as axiom being and having the true owners,
im sure some technical issue will be found by SMM legal eagles to show the gov made some kind of error, in both issuing and cancellation on LOI 2 SMM.
Axioms 50 year lease will be upheld and valid.....
criminal charges and/or inquiry into SMM and their dealings in the SI
Charges against SMM and or ochi and abe.

In summary
ill go out on a limb and call it a re-tender (even though we have a lease already) and then Re-aquired by Axiom Kb...

not a bad result and will eventually get it to the desired destination..... just not as quick as originally thought.
i do feel a re-tender is also needed to follow all procedures to correctly aquire the asset

Thoughts?

Expand

Invest

Correct me if I am wrong but I thought this whole case was simply to get the injunction lifted which is based on whether the LOI was cancelled illegally. I don't believe Judge Brown can rule on a re tender, he may recommend a re tender but nothing else, he is simply there to decide if the LOI is legal or not, if it is legal then we have a problem, if it is not then the injunction is lifted and it's full steam ahead (hopefully). Happy for someone with more legal knowledge than me to correct me if I am wrong.

AVQ Price at posting: 1.7¢ Sentiment: None Disclosure: Held
10 Upvote

0 Great analysis

Reply