re: Ann: Ceramic Fuel Cells to receive $3.9 m... "RELEASE TO AUSTRALIAN SECURITIES EXCHANGE (ASX) MONDAY, 16 AUGUST 2010 CONDITIONAL SETTLEMENT CERAMIC FUEL CELLS LTD
1. The Board of Directors of IMF (Australia) Ltd (IMF) announces the conditional settlement of the litigation by Ceramic Fuel Cells Limited (ASX: CFU) against Oakvale Capital Limited.
2. The terms of the settlement are confidential to the parties.
3. The settlement is conditional on dismissal of the Court proceedings.
4. It is currently estimated IMF will receive $2.9M and generate a profit after capitalised overheads of approximately $1.9M.
5. IMF is considering a proposal to fund further litigation by Ceramic Fuel Cells Limited against other parties for the balance of its losses."
CFU receives 3.9m, IMF receive 2.9M => settlement around 6.8M ?
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