SF - I think you are right. MXC Derma has its headquarters in the UK as far as I know - maybe someone can verify that - so that would make the UK a logical place - the deal was between MXC Derma and VC as I recall.
GBP625 is just over $1.1mil Australian. That seems more to reflect the original $1mil deposit rather than the $4mil contract. I am surprised MXC is settling for that lower figure.
I can surmise that the two parties have effectively agreed on the amount and that the case will be sorted out quickly - maybe to move on and avoid a protracted and/or costly legal game.
I suppose $1mil is one mil and MXC wants as much cash as possible - still a bit puzzled by the value though.
Ann: Legal Proceedings Commenced against Varm Cosmo, page-66
-
- There are more pages in this discussion • 55 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RGT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.00M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3300 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 313 | 1 |
View Market Depth
| Last trade - 16.16pm 12/07/2024 (20 minute delay) ? |
| RGT (ASX) Chart |
Day chart unavailable