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$1.07 southern cross payments ltd

I'd they have to sell the soccer team and a few other assets....

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JoeSalami

2,163 Posts.

396

18/03/24

13:29

Post #: 72940711
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Originally posted by BJReplay: ↑

Dear RS,

Thanks for bringing this thread back OT.

Now, in the spirit of pirates and making loot and other Treasures Troved, I've got to opine that PA are likely to be the only ones really making loot here.

Sure, there'll be a bone or two to throw to the model litigants in the class, but the funders and the lawyers will take the bulk of the funds available.

Let's say, for the sake of round numbers, that they reckon that there's $40M or so that they can squeeze out of sunny Mediterranean climates; $15M for the funders, $15M for the lawyers, $5M for the costs (photocopying is so expensive), and $5M for the 10,000 mum's and dad's.

But for all of those numbers to work, they'd have to imagine that there'd be $40M somewhere, and somehow, I'm not sure that there is... Not unless they've found an insurer with deep pockets.

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~~I'd~~ they have to sell the soccer team and a few other assets. But sounds like you might be in the ball park with those back of the envelope numbers.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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