They are doing it for the Risk/reward ratio,
The reward (relative to their cost) is high.....however the chances of success are very unlikely.
If IMF was to win (unlikely) the ipo shareholders also get burnt again as IMF takes a big piece of the pie (reward).
(no free lunches for the IPO shareholders)
It will never go ahead imo, both IMF and IPO shareholders are hoping for a out of court settlement, i hope that never happens.
Im my opinion IMF has next to no chance of winning in court, but its good publicity for them.
Cacoa
ASH - Its time for the reversal!, page-51
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