I would love to see what the terms of the agreement was between CDY and its lawyers in the IKON case.
Ikon payment ...... $ 939,055 + Interest ..... $ ????? + one off Legal Fees..... $ ??????
Total as per 4c...... $ 2,188,000
I haven't enough info to calculate the "Interest" but let's say it is $100k - $200k .... that means legal fees would be in the vicinity of $1,000,000!!!!!!!!!!!!
No....I must be hallucinating..........so please you clever cookies ....tell me where I've gone wrong?
If I have got it right (even if legal fees includes court costs) - then all I can say is "It is bloody scandalous".
But I hope I am wrong.
CDY Price at posting:
27.0¢ Sentiment: None Disclosure: Held