judge gave them two out of three to choose from. Said yes you can elect to get your money back plus interest or you can have an accounting of profits but you cant have a constructive trust.
CHM is saying they are appealing this part.
number two is an accounting of profits which MMX say is nothing. CHM will argue that the sale of the 50% to mitsubishi is part of MMX gains and will need to be included in calculation
Unlike what Spiderman is saying CHM didnt lose they just didnt get one of their requested remedies. Thats not a loss what happened to MMX and others is called a loss in a case as the judge agreed with CHM not MMX version of events.
As to costs MMX will argue they offered a rumoured 20 million and therefore as the amount is less they should have to pay.
CHM will argue that when you account for the Mistubishi sale the number is much bigger than 20 million.
To determine this amount court said they will appoint independent expert.
Spidey what I have riding on this isnt going to let me retire but like a few others on the register I find the case and law behind it interesting to follow.
CHM Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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