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Ying Tong,
Your last two paragraphs are, in my opinion, what the Judge will expressly accept.
This case is listed in the Newfoundland Supreme Court and for those who believe it is spurious or of no merit, I would repeat my previous advocacy.
PVF will have commissioned lawyers who in turn will have sought Counsel’s Opinion on the merits. Counsel have opined there is merit as pleadings have been drafted (Statement of Claim) and an action initiated in the Newfoundland Supreme Court. In addition, they have identified a corporate or individual with the funds to satisfy any Judgment.
Harry
Is alter ego seadog has kept you all here.. and before him wisecrow you all listened to the wrong people. The writing was on the wall when there was no flow rate and can kicking down the road. Minty should be put on trial for fraud and deceit in my eyes. Transformational? Really who for.. all the past interviews and rns's could and should be used in evidence against him quite truly scandalous. Many placings and the money was used for what?
Harry,
I wonder if the return of interest to EOI might cause PVF to join Nuog as defendants given the change. EOI appears the proverbial man of straw anyway, nuog less so.
It is Nuogs conduct for the time they were holding the asset (EOI equity in its entirety) which gives rise to any possible cause of action.
Discarding the asset doesn't change that.
Harry
I was just quoting from a company RNS in answer to Barry 38 question. Not necessarily my opinion
Karma would be they come after the previous Directors and take their homes.
They took so much from so many, I can’t believe the amount of damage they have caused to investors pensions and lives.
Karma has a habit of catching up with people
SB,
In my opinion, it very much depends on whether Nuog had been joined as a Defendant in the action.
If not, I agree.
If so, their actions to separate after the event will meet with short shrift from the Judge.
This case interests me.
Harry
It might be but according to that RNS it no longer has any impact on Nuog but might still catch Mr Minty.
So I’m guessing it’s playing out in court
"The Company announces that it has returned the equity it held in Enegi Oil Inc. ("Enegi") to Enegi with immediate effect, continuing the implementation of changes to create a new direction for the Company, as announced on 2 October 2019.
As a result of this action, Nu-Oil will have no further claim or call on Enegi and, furthermore, it restricts the recourse to Nu-Oil of potential claims made against Enegi. "
Was there ever a update on what happened with that lawsuit?