Penny's Find Now 100% Owned ERL, page-4

I think regardless of theories this should be a good thing if they are able to retrieve the money but I disagree Penny’s is “now owned 100% by shareholders”

Although I didn’t properly read, it the first announcement about this seemed to indicate that the 40% *would* be ‘returned to the fold ‘- effectively Brimstone keeping the $480 grand or whatever it was paid from gold proceeds recently and Empire getting that slice of mine back.
(Remember this 40% was first sold to Brimstone 1 for $500 grand, then on sold for $3.77 million by the private company that purchased it, then bought back by Empire’s JV entity, Barola, then Empire sold out of Barola which then completely owned the 40% as either Brimstone 2 or Brimstone 5 depending on whether you want to count all the ownership changes ( I think for $400 grand all up to Empire though you should check back to the links )
I don’t know how much Barola Brimstone contributed to subsequent development .... I think there were at least two early contributions then nothing after BlueCap came on board.)

Anyway new announcement seems to indicate Empire will be seeking actively the money .
If they get it Brimstone will have the 40% still .
And Empire would possibly be feeling pretty healthy cash-wise if it had that money plus if Roland Hill decides to exercise his option and purchase the FYI shares
Cheers