digger,
What many threadsters do not understand is the fact that equity law is just not applicable in this case....it is a legal ruse in a shameless and feeble attempt by Aber's lawyer to extracate themselves from a situation that they created themselves by not following the terms and conditions of the joint venture agreement.....the onus and obligation is upon Aber and remains upon Aber to maintain their minority working interest as prescribed by the agreement.....in other words, Aber's so called "equity"(Shapray, Aber's lawyer, by legal slight of hand, is trying to substitute the term "equity" for "minority working interest" in an attempt to change the legal terms of reference-IMO it won't work) is conditional under the terms of the agreement....IMO, contract law and precedence will prevail...also, Aber's alleged intent is not relevent.....they had 90 days to comply with an agreement they should be familiar with after 6 years of participation there under.....just my opinion folks......the rule of law will prevail, even in British Columbia.
regards,
teevee
PS: I wouldn't be surprised to see the first of many class actions filed against Aber, soon after the valuations......the pressure must be mounting on Aber, day by day, to try and settle out of court before the numbers come in.....tic toc tic toc....can they bluff Winspear's winning hand? We shall see.... |
