Thanks for your help Frank. Can you please let Truenorth know...

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Liebherr

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13/01/18

10:05

Post #: 30276044
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Originally posted by True North ↑

I am doing all this from Canada. It is now midnight.
To be clear I suggested to MB to be present at the Jan 16 hearing to argue postponement of the DOCA ratification by the Court. There was never an agreement or undertaking on their part to do so.
That being said like good self-centered selfish lawyers they obviously concluded that it is not in their interest to do so.
Why argue to extend the DOCA acceptance deadline and risk the possibilty that things might get resolved between all parties over the next 4-5 months negating any class action lawsuit possibility and in the end they make no money!

I disagree that we should just let the DOCA go through as it will give ammunination to MB for a class action lawsuit.
Remember that I never suggested to MB to argue the validity of the DOCA but just to simply postpone it for 4-5 months. DB could simply continue with additional working capital financing in first place priority.
I believe that no creditor would be hurt by this and the improving uranium market would only help to increase asset collateral (values) for them which might calm them dowm.
Ideally if the uranium market improved quickly I would like to see the capital structure basically revert to what it was last year . (1.7B shares . The 2017 bonds due would have to be delayed obviously. )
What MB wants to see is the DOCA being accepted and the last nail be put into our collective coffin so they can undertake a class action lawsuit.
So ...we need another lawyer to argue postponement and I can't do this fron Canada. I need your help.
Please advise.

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Thanks for your help Frank.

Can you please let Truenorth know that I am in the process of getting legal representation for Tuesday's meeting. I need to talk to him and to Rigormortosis.

I am not able to send messages via Hot Copper as I have just registered and there is a three day waiting process.

Melbourne or email me on [email protected]

Thanks

PDN Price at posting: 4.7¢ Sentiment: None Disclosure: Held
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Thanks for your help Frank. Can you please let Truenorth know...

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