I heard through the grapevine that some investors in the US were banding together to draw up a lawsuit. I wrote Scott Harris an e-mail asking him if he could shed some light, and he admitted that he heard something about it. There are several points:
1) Any lawsuit in the US would be moot since there are no assets being held there. All assets are in Panama so the lawsuit would have to start there. And apparently they take longer there than they do in the States.
2) A lawsuit in Panama would turn off any potential investors that might be interested in the project (the only hope we have of getting construction started back up). And then what would happen? Sell off the land? Given the current big project situation in Panama, there is nobody doing them right now, especially with the titling issues we have at Red Frog.
Tomorrow's conference call may or may not talk about this new development, but I thought it should be addressed here.
Mick @ Lot 83