CHM 0.00% 0.9¢ chimeric therapeutics limited

mmx quarterly rpt, page-32

  1. 723 Posts.
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    Precisely Richard......If MMX itself is proven or believed to have knowledge by the judge then chm are due a % of value of what the alleged stolen money went into...ie jack hils..If as believed about $400k of chm money went in..purchase price tag of about 11 mill (shares and cash)..Thus 10.6 mill or so was consideration paid by MMX...400k by chm (if proved) therefore chm entitlted to something like 3% of value....But MMX also spent another $50 mil in development costs so maybe the real % is below 1%...either way somewhere between 6 and 18 mill...Not bad for chm as all they put in (however involoutarily) was approx $400k..thats a return of between 1500% and 4500% in 5 years......so whilst not too significant to MMX...a windfall for CHM...but thats about the extent of it...Hope that helps...Imagine if all this had'nt of happened...chm would have spent the $400k anyway limping along as cash strapped illeagally listed coy for a while and then gone broke anyway some months later..This way they are going to end up with quite a few million...Happy days...
 
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