the case, page-81

Hi Glyna

Beyond the cash amount the judge will need to assess what did MMX gain from the $1.6 million profit on the cadetta leases. Was this a legitimate transaction or part of the greater rort.

Also if investors got CHM shares for no consideration then sold these and then has invested funds in MMX and this cash was used as part IO acquisition these will form part of benefit gained.

It starts to get far more than the 500k everyone tries to throw around.

I here what you say about proving this but share registries and bank accounts dont lie.

For the share issues CHM will have a record of the shares issued. They can trace the sale of them. Then it has a record of who invested in MMX. The process is to lead the judge through that and ask was it a co-incidence that this group got shares in CHM sold them and invested in MMX or is it part of a scheme.

I cant see CHM getting half the project but I can see it getting a stake in Crosslands which will give it a long term annuity style income stream. It will also give MMX a partner it doesnt want.

I agree with you on one thing and Feb 2010 will be about when the judgement comes out.