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clock Created with Sketch. 06/11/19
17:37
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Originally posted by Rockjumper
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On the back of some rather one-eyed posts, I've put a bit of thought into how the SPX vs VMC situation might pan out. I've spent a bit of time in courtrooms over the years in various roles and, to be philosophical, the outcome of many cases is a coin toss. To explain, the decision could go either way based on any number of factors from the weight of the evidence, and the arguments put forward by the barristers through to what mood the judge is in; sad but in my experience, that's just the way it is. So, where does this take SPX?that loss is in the order of $90 million and counting !! That is 4 times VMC's current market cap and way beyond what I would expect 'directors & company insurance' might payout. The payout or settlement would wipe VMC off the map. So while some VMC investors might be watching with glee as the SPX sp drops, the risk to their position GROWS at the same rate! The investors may not even care? They probably only look to the upside but if I was on the board at VMC, not sure I'd be sleeping too well but we don't know what they have, it may be air-tight but are experienced operators like DB and PA really that reckless?
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I think one thing SPX Holders keep referring to is a/the agreement >> which is not its a DEED & in simple terms a DEED has a lot more strength to it than a agreement > other words if it's Broken/Breached in any way at all > the ifs/buts don't come into it >> its all over
Last edited by
duty :
06/11/19
(20min delay)