Rikardo you confuse me, so I must be missing something here - how do you get it resolved for $30mil when they have said its what $12 mil and 700k of additional costs last year to be added to the amt. I know they can accrue interest against it but that would still only be at a minimal amount so I would have thought at best we will get back what we expect or are owed. Also if you look at the Supreme court mediation they say..
A Court registrar or a judge will act as the mediator. All of the registrar and judge mediators are trained mediators and have many years of experience.
So my view is if you loose at mediation, when its being overseen by a judge or court registrar the the chances of you winning in the Supreme court are limited - so you might as well cut your loses at that point and try to get away with a reduced settlement.
Then I am not sure how you work out a special dividend of 2-3c if we get a $30mil payout? On 125m shares $30mil of cash is 24c per share - so why would they only pay out 2-3 c if they get 24c in? I'm guessing we will get $8-$12mil in, and they will pay out 6-8c of it as a special div. Can you let me know what I am missing?
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