It appears that the last obstacle for the NWTM bankruptcy to move forward has been settled with the owner of Medallic Art, a division of Northwest Territorial Mint, withdrawing his claim to the title of that company. If there are no hidden problems it will now officially be included with what's left of NWTM going forward as it has for the past year. The Trustee believes they will continue to run this operation out of the Daton facility and make a profit, how much remains to be seen with hopes to sell it in a year or so with the profits going to the creditors. There has been no indication that they will resume the production and sale of NWTM investment bullion products.
Medallic Lawsuit Dismissed
April 20, 2017 2:00PM EST
According to the March financial statement:
"The estate has a pending litigation matter with Medallic Art Company LLC, an entity controlled by the former CEO of the Debtor, Ross Hansen. The trial in that litigation was set for May and June, 2017. However, in the week before the preparation of this report, Medallic filed a motion to dismiss its claims. Based upon the dismissal of Medallic's claims, the Trustee is preparing to enter a judgment susbstantively consolidating Medallic with the NWTM bankruptcy estate. The Trustee expects entry of that judgment in early May, 2017."
In other words, the concerns about Medallic being a separate entity from NWT Mint (which would cause a nightmare of expensive issues, trying to figure out what belonged to which company) should now be gone.
I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!