LZA,
You are correct on all fronts.
In simple terms;
Cash at end of last qtr $23,985k
Resolved Claims: ($ 3,700k)
Wind up costs est. ($ 500k)
Net cash $19,495k
From this deduct MD payout??? No more than $1m
Leaves $18,495k or $0.041 per share
This now excludes any interest earned, the sale of the tenemants the business still holds and what it does with the shareholding in Cashmere.
LZA,You are correct on all fronts.In simple terms;Cash at end of...
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