The risk is not that BMG doesn't have the money...which it doesn't. That's clear. The only source of money for BMG is Ample Source who at legal war with BMG itself and Hillam. Ample Source are by far not the only ones in a legal wrangle to recover money from Hillam.
The risk is that Hillam, who has no money at all, continues to use BMG in a blocking action. However in thinking about it my opinion is that BMG really can't go on much longer. Clearly ASI are not tipping more money into BMG while Hillam is involved. So shortly, unless Hillam sells out of BMG and say ASI buy the rest of BMG, BMG becomes insolvent. It would be interesting to know what happens to any BMG agreements with CAP in that circumstance.
Should BMG's agreements lapse for whatever reason I'm sure Nick has not been around twiddling his thumbs re alternate financing. If ASI or even, in the washout, Conglin Yue gets hold of BMG then the problem solves itself.
Again, in the case of insolvency, if BMG's Agreements with CAP lapse, if you think Nick has been sitting around twiddling his thumbs you should not own shares in the company and you should immediately sell any that you do happen to have.
Again, the real risk is that Hillam continues to hang around and manages to keep BMG staggering along somehow, effectively blocking the Hawson's development for another 12 months. I just can't see how he can manage to do this but strange things do happen. Hillam is costing everyone a lot of money!
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