bmg litigation update, page-28

Here's something to consider, cyberguy. I'm not saying you're wrong in your judgement, but consider Hillam's perspective on all of this.

N.B: This scenario is only plausible if the original judgement gets overturned. If it doesn't get overturned then BMG get wound up and all of this effort by them will have been for nothing - liquidator sells off BMG and its assets for loose change.

However, lets consider the unlikely - BMG wins the appeal.

Would Hillam have gone to all of this trouble to defend both his credentials (or lack of), and the structure of BMG, if he weren't hoping to hold on to Hawsons in the event that their appeal is a success? He can go ahead and win this appeal for all he likes, but it will be in vain if he/BMG don't cough up the $25M by May 15. BMG value their own company at close to $400M, which is very much an absurd evaluation in my opinion, but they only value it at this magnitude because of how highly they rate Hawsons. I can't see Hillam going through all of this to simply keep BMG running as an entity, only to get their Hawsons holding bought off them for a measly $13M, thus dramatically dropping BMG's net worth. It doesn't make sense to me that Hillam and BMG would fight so hard and for long to not pay up the $25M after all of this if they do indeed win the appeal.

Ofcourse, they need to win the appeal for this to be possible. Who knows how likely that is right now, but we'll find out quite shortly I imagine!