problem is there are plenty of costs and Cashmere is going down in value each day. they would have to hold onto > 11 mil for the legals, which might be paid in a couple of years after resolution, and the directors fees and other costs could blow quite a few mils.
it seems to me that on wind up we would get maybe 3 cents and then have to wait a year or two for remaining crumbs. it all depends on how the litigation goes, and they might be tempted to pay out just to get resolution but i would prefer to see them fight the claims and save our money!
at 3.7 cents can see a bargain there, but not much downside either. market seems to have it right.
MMX Price at posting:
3.9¢ Sentiment: None Disclosure: Held
