Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Can’t pay the doc as don’t have a Dropbox etc but the latest doc has some interesting parts in it.
Firstly it does appear that the Cayman courts fully discharged the injunction, that seems to be the reason for the Cali action.
Also outriders counsel state in the email that frontera had already have eroded the value of outrider collateral
furtherance of our meet-and-confer telephone conference, I understand that Frontera will not agree to any preliminary injunction briefing schedule unless the Defendants first consent to an informal temporary restraining order (i.e., requiring that “Defendants stipulate that they will not take any steps pursuant to the Enforcement Notice until, at least, the Court rules on the Motion for Preliminary Injunction”). For a multitude of reasons, including but not limited to (i) the discharged Cayman injunction and related findings by Judge Kawaley; and (ii) the wrongful transactions by Frontera during the span of the injunction that have materially affected the value of Outrider’s collateral, Outrider does not consent to the terms demanded by Frontera. An “extended briefing schedule” is entirely inappropriate. Through the filing of its substantially similar Cayman Islands action, Frontera has attempted to, and failed at, securing an injunction already, at the great expense of Outrider. The latest dilatory and meritless filing should be swiftly adjudged.
CLERK'S NOTICE RE REASSIGNED CASE: You are notified that the Court has scheduled an Initial Case Management Conference before Judge Richard Seeborg upon reassignment. For a copy of Judge Seeborg's Standing Order and other information, please refer to the Court's website at www.cand.uscourts.gov. Parties or counsel may appear personally at 10:00 a.m. or file a request to appear by telephone at 11:00 am. If any party files such a request to appear by telephone, the Case Management Conference shall be moved to 11:00 am to be held telephonically. All parties shall appear telephonically and must contact Court Conference at 866/582-6878 at least one week prior to the Conference. Case Management Statement due by 7/25/2019. Initial Case Management Conference set for 8/1/2019 at 10:00 AM in San Francisco, Courtroom 03, 17th Floor. (This is a text-only entry generated by the court. There is no document associated with this entry.) (cl, COURT STAFF) (Filed on 4/26/2019) (Entered: 04/26/2019)
Not at all, the judge is just saying he dosnt see the urgency required for the TRO to be put in place on Monday.
He’s giving outrider till the 2nd to object to the TRO and will proceed with the request within 10/-14 days
He is saying that frontera haven’t shown why this is urgent and is hasn’t seen any steps taken by outrider other than the enforcement letter
So my reading of it is yes, outrider can continue to try and enforce the default as there’s nothing restraining them from doing so.
Temporary restraining order
The judge didn’t seem to feel granting a TRO is urgent
Plaintiffs request a ruling on the motion by April 29, 2019. Although Plaintiffs do not appear to have unduly delayed filing either the Complaint or the subsequent motion for a TRO, the circumstances suggest the matter does not warrant expedited treatment on as abbreviated a schedule as Plaintiffs propose.
Accordingly, the parties are directed to meet and confer forthwith to negotiate a briefing schedule in view of the guidance of this order. The parties are encouraged to stipulate to proceed directly to the preliminary injunction stage, with briefing to be complete within the next approximately 10 days to two weeks. In the event such a stipulated briefing schedule is filed, the matter will then be submitted for decision or set for a hearing at the earliest possible time following completion of the briefing in the Court’s discretion.
In the event the parties are unable to reach agreement, Defendants shall file any opposition to the motion for a TRO no later than 5:00 PM on May 2, 2019. The matter will then be submitted for decision or set for hearing in the Court’s discretion.
I can’t see how that would happen as the judge clearly said the injunction would remain in place till an appeal hearing.
No appeal hearing was scheduled, so I guess hope could have possibly had the Cayman suit thrown out if he convinced the judge there was no case to answer.
Alternatively hope could just be using a different jurisdiction to try and force the foreclosure, hence the new suit from frontera to stop him doing this.
Hard to say but my feeling is this new case is probably ratcheting up the pressure on hope.
I would say also it does look like a settlement is still some way off
A summons is :-
an official order requiring a person to attend court, either to answer a charge or to give evidence
The most important fact is this document is from the 18/12 hearing.
We know the discovery was cocked up which caused a delay. It is certainly possible that when frontera has completed discovery they had a better case for the jan hearing - now we move into Feb with a stay which happened today.
Either way I guess we will get some kind of update fairly shortly
Yeah I noticed that two - that document is 3 weeks old?
No - no limit
Once you receive your share certificate you can sell them to whoever you like
They will be continuing the assault until they are able to buy enough shares to cover thier shorts form holders.
Annoyingly we have to keep reminding people that since 2014 I think no directors ha e been paid a salary.
Yes, 30 days is ridiculous really, I think pre 2016 the time limit was 3 months
Correct
Outrider might have just been a catch all - post discovery etc frontera May have dropped action against them as there is no case to answer