We will see, but Arena did not have initiated legal action...

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Davisite

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15/12/18

15:56

Post #: 36870261
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Originally posted by Navigator00 ↑

Originally posted by Davisite
I think it more likely than not that Arena will settle for their cash + interest back, just that these things can sometimes get personal. Arena would not be impressed with how they have been treated and might want to play hardball with NXE. I guess we will find out at the end of Jan.
Davisite are you joking??? Would not be impressed with how they have been treated? You need to research your facts more. Arena are the only ones who have made any money out of this company. They have mercilessly converted and dumped their shares on market and they are the ones who are responsible for the share price being capped for this extensive period, no one else. Then they have the gall to say that NXE are responsible for a termination fee when they are the ones who have reneged and effectively terminated NXE's convertible note agreement by not providing the funds and having them available when needed.
Make no mistake, NXE have a very credible claim against Arena and they can drag them along until forever if they wanted to and Arena will know this. Arena will not want a long drawn out court case but there is no way that the NXE BOD are going to let them get away with this behaviour.

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We will see, but Arena did not have initiated legal action because they were happy.

There is next to zero chance of NXE's claims being credible given what we know. It would be very entertaining to see the NXE board under cross examination if NXE were foolish enough to try to push their ludicrous $17 million damages claim on Arena. We might even get some answers to what happened.

NXE Price at posting: 4.8¢ Sentiment: None Disclosure: Not Held
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We will see, but Arena did not have initiated legal action...

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