Court hearing feedback

My broker had an observer attend the hearing Friday.

Mathew (Sirloin?) Hogan actually didn’t show up but their Chairman Peter Hawkins did.

Alex Hewlett attended on behalf of SPX and Adams/Bosio also in attendance

As expected, mostly procedural.

SPX pushing for very quick court case and Venus using numerous excuses to try and stall.

SPX QC presented as most professional, VMC QC seemed more theatrical and not totally across the detail (e.g. at what point of time will VMC actually be arguing their line of damage).

The judge seemed to understand all those games being played and conscious 2400 minority SPX shareholders are being very adversely effected by the uncertainty surrounding such a writ.

Now likely the court case may even be split, with initial determination deciding whether any guilt, second case would determine extent of damages (if VMC were to succeed)

The topic of a likely SpX shareholder class action (post court determination) was also tabled in the hearing