CHM 2.63% 1.9¢ chimeric therapeutics limited

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  1. 628 Posts.
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    Some of these very recent postings from biased MMX holders are nothing short of uninformed drivel.

    The suggestion that the previous directors of the original or "version 1" of CHM walked into MMX and demanded a settlement of some kind has absolutely no bearing on the CHM "version 2".

    To suggest that CHM had an interest to pursue MMX and 5 other individuals/entities but without believeing there was any chance of succeeding is complete nonsense. It took a number of years, funding and a lot of hard work to save CHM from bankruptcy, move it into administration and then get it re-listed. It has been made quite clear that one of the barristers representing MMX is "very concerned" about these legal proceedings and wishes to get the case in court at the earliest opportunity. Of course this may not be necessary if a meaningful settlement is made in the interim. There have been suggestions that $30-50M have been "put on the table". This is I believe mere gossip and those numbers would fall well short of whay I believe CHM is seeking.

    Just because RM Capital were corporately involved with CHM does not mean that their research report cannot be read without suggesting bias.After all it is only painting various scenarios both if CHM were to win and or lose. Even a person with 1/2 a pea brain could work that out.


    Time will tell whether you MMX bulls are correct but better why be so dismissive just because your market cap is obviously much larger than that of CHM - by the way we don't need a pure maths degree to work that out either. In addition, with iron ore pricing where it is why is MMX not a $10 stock already - got an answer to that!!!

    One other thing not be lost in all this is that CHM actually have some real tenements - and like all properly managed companies is quietly going about their business with regard to those.



 
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