Legal experts reckon that the legal fees for this corporate arbitration would exceed $1.0 mill for each party. If RIM lose the arbitration, the party to party costs payable to GPR would be around $800,000. Then on top of that, it would follow that there would be the damages claims which I imagine would be substantial.
It is estimated that the $3.2 million in the bank account reported in the Mar 25 quarterly report has already "been spoken for". It would be fair to say that if RIM lose the arbitration then its financial position would be looking fairly grim.
RIM Price at posting:
2.0¢ Sentiment: Sell Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)