---What he said but thought it was $6.5m or $7m---
Strauss, a major part of the arbitration was BLADE challenging the $$$ figure RAI claimed to have spent on Cadlao. ("the compo")
ie: RAI said 7 mil, BLADE believed otherwise. Wouldn't surprise me if RAI (Jeff & Jim) were billing something like expenses PLUS wages. Or even worse, accredited services to Cadlao that were actually employed "elsewhere".
This is the sort of stuff which was as much a part of the dispute, as the major funding issues.
RAI have laid down on the legal action, and will most likely accept whatever BLADE offers, they have little other options, BLADE now CADCO is calling the shots here.
You'll/We'll be damn lucky to get 7. So don't count on it.
RAI Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
