I am assuming that the recourse to seeking damages from VC is still in the hands of MXC as it occurred prior to the sale of the Derma division. As the sale will not become fact until after the AGM in a month and a period after that.
Anyone care to clarify?
The Company will seek a minimum of $0.5 million from Varm Cosmo in restitution, plus damages to the Company, for Varm Cosmo repeatedly failing to deliver on its commercial obligations to MGC Derma for the production and supply of $8.0 million bulk cosmetics product purchase order, signed by the parties in November 2017.
I am assuming that the recourse to seeking damages from VC is...
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