They have paid $5.8M so far in ongoing leagal costs, but now...

They have paid $5.8M so far in ongoing leagal costs, but now they were unsuccessful they are looking at a "significant adverse cost order", see below

'The parties will make submissions on costs (on a date to be set) which are reserved to a final award on costs. Phosphagenics has spent approximately $5.6m on arbitration and legal fees to date. The Board must take into account a significant adverse costs order.

As shareholders will recognize, this arbitration loss has a serious impact on the company and the Board will need to carefully consider the alternative courses of action available to it. '

drifta