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by Mike Caswell

Stompy Bot Corp. denies that it owes any unpaid advertising fees to Stockhouse Publishing Ltd., as alleged in a collection lawsuit. Stompy Bot says that it never received any such service. It acknowledges entering an advertising agreement with Stockhouse, but says that agreement was contingent upon a financing that never closed.

The statements from Stompy Bot come in response to a lawsuit that Stockhouse filed in the Supreme Court of British Columbia on Nov. 10, 2016. The suit claimed that Stompy Bot signed up for a 12-month advertising package on Dec. 10, 2015, at a cost of $84,750. Stompy Bot was to receive exposure to retail investors, brokers, analysts and newsletter writers, Stockhouse said. The only problem, as Stockhouse saw it, was that Stompy Bot never paid its bill. The suit sought court-ordered payment, plus interest at 18 per cent per year.

For its part, Stompy Bot simply says that its contract with Stockhouse was never completed. In a brief response filed on Dec. 2, 2016, it acknowledges entering the agreement with Stockhouse (although it puts the date one day earlier, on Dec. 9, 2015). The terms, however, specified that the purchase price would only be payable within one to three days of Stompy Bot closing a financing. The financing never closed, so the amount never came due, Stompy Bot says.

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