Re: Right On algrove...I don't know why....JohnD

Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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SnugTheJoiner

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Re: Right On algrove...I don't know why....JohnD

in response to

Right On algrove...I don't know why....

johndefur

posted on Feb 22, 2008 07:44AM

I have not read the Amended Agreement, and you may be correct ... eventually. At this point in time, it is my understanding that things are 50/50. When big money starts to appear at a later date after the drills hit a big strike, percentages will morph. Now AND later, the SPQ investor is sitting pretty.

"Lawyer language" is confusing but it is my conclusion that Neil is not trying to screw anybody. The break with KWG was hot but amicable. Their lawyers put together the Amended Agreement and Neil, Smeenk, you, I, and the other SPQ investors must live by it.

As you have tried constantly to pursue, it's important to have the facts. Thanks, John. !!!