what a joke. sure they can make the first payment because they have about 900k in the bank. But will they pay? If they pay the 1st instalment then the test really comes. will they make the 2nd payment? - oh oh not enough cash on hand to do that.
tuart they need your house then. Are you going to go personal guarantor for chm?
Nope dont think you are that much of a dope. But your shareholding is soon to be halved in value when they issue another 1.5 billion new shares at what they will say is "bargain" price.
Watch the attempt to ramp up the price of chm over the next few months. Should be entertaining. I wonder who will underwrite and thus ramp it.
Of course tuart you could lend them somne cash if you have a lazy 5 mill not doing anything.
There will be no quickie settlements for this matter. Its going all the way with silks at 20 paces.
Oh just one thing have AH already been paid? CHM have not told the market that. Do their equity barristers already have their fees secured in trust? Lots to pay with so little to draw on.
As 1st mate said to captain: "icebergs ahead sir. Perhaps we should slow down."
CHM Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
