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Ann: Appendix 4C and Notes to Appendix 4C, page-21

  1. 3,321 Posts.
    lightbulb Created with Sketch. 967
    I would love to see what the terms of the agreement was between CDY and its lawyers in the IKON case.

    Ikon payment ......             $     939,055
    + Interest .....                     $       ?????
    + one off Legal Fees.....    $      ??????

    Total as per 4c......            $  2,188,000

    I haven't enough info to calculate the "Interest" but let's say it is $100k - $200k .... that means legal fees would be in the vicinity of $1,000,000!!!!!!!!!!!!

    No....I must be hallucinating..........so please you clever cookies ....tell me where I've gone wrong?

    If I have got it right (even if legal fees includes court costs) - then all I can say is "It is bloody scandalous".

    But I hope I am wrong.
 
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