General Discussion, page-2653

Thanks for posting that.

Their comments below are interesting
It would seem to me, FFX's $40m cash and 210m LLL shares would well and truly cover any creditor demands.
FFX have legal opinion they are watertight with regard to walking away from their subsidiary.

In the very unlikely event it went to court and FFX lost the case, a court order would go after the assets.
Those assets do not include Leo, but do include their 210m shares and about $40m cash
Such a hypothetical situation with appeals would take a minimum 2 years and at that time we won't be at the present 57c, creditors would have more than enough to cover what's owing, and IMO they could not go after Leo itself as it's no longer owned by Firefinch.

Interestingly one of the escrow exceptions is:
". as required by applicable law. "

I'm no legal expert, but I dare say a court order may qualify as one of the exceptions, even if it doesn't - the creditors have those escrowed shares to go after.

Their valuation is $1.46 I wonder how much a "hefty" discount is.
Because IMO I can't see a scenario where Leo could be responsible to those creditors.