Interesting interpretation. The way I read the announcement is that the parties will not sue each other, everything is settled. The JV partners won't sue each other either as there is no JV, VMT has bought the remaining 50% out as part of the settlement. The amount owed to us by the 50% partner is gone. It is not the greatest of deals, we were owed money by our partner and we ended up buying them out, even though they have never paid their share.
The way I see this is that we have paid a fixed amount to get what we wanted, settle all claims and move on with business. It's the price to pay for certainty, lawyers would have costed us a similar amount over the years, with no guarantee of a favourable outcome.
VMT Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
