SDL sundance resources limited

Ann: Quarterly Cashflow Report , page-2

  1. 2,269 Posts.
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    It's good to see that they haven't burnt through as much cash this quarter but I've been watching these legal fees over time and they appear to be extremely high. Legal fees to a director related entity of $440,806 in this quarter. Then there's this from the half-yearly accounts: Gilbert + Tobin received $664,522 (2012:$689,813) from the Consolidated Entity for legal services rendered during the current financial period. Michael Blakiston is a Director of the Company and during the period was partner of Gilbert + Tobin. All services provided were carried out on an arms-length basis, under commercial terms. What are all of these legal expenses and why are they so expensive? I'm curious what others who are possibly in the legal profession can see here that may require such large legal costs.
 
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