also how i read it, the $24 million payment includes money that was previously withheld by a2 so this money was probably already accounted for as an expected expense or liability, it’s just this settlement agreement facilitates the release of these said monies.
massive win for a2, minimum supply volumes guaranteed by Synlait, ownership of all IP to all their IF products, flexibility to produce IF at MVM and guaranteed slot for new China label product at Dunsandal( more importantly, it stops Bright or another competing client producing China label product from Dunsandal)
A2M Price at posting:
$6.72 Sentiment: Buy Disclosure: Held
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