SSKim
As a fellow BCC holder I'll help you out.
You are coming in at the end of a two year legal drama. One post will not set you straight.
However if there was on person I recommend you research the posts of it is GLYNA if you wish to try & catch up.
Calling MMX would also be quicker than trawling through all the stuff.
Basically we are getting close (within 3 months) to a judgement by the court - Which will no doubt be challenged.
There was a recent article (google MMX or CHM) about CHM major holders jumping out (make what you will of that).
To answer your Q's yes there is always a chance of MMX losing but it is predicted that the money in Question was a lone & MMX will have to pay back with interest but not hand over any legal ownership of Jack Hills. Obviously CHM people disagree.
Quite a complex time to re-enter MMX & while it's a great company maybe think twice until it's all settled. Sure you may have to pay way higher but then the future will be certain.
Goodluck - Great stock just getting ready for it's judgement day (literally).
Add to My Watchlist
What is My Watchlist?