In case law pieces of different cases are relied on as precedents.
If defendent tried to say your honour we have done all this work even though it should never been ours in the first place then parts of what the judge decided can be this can be appplied to the CHM MMX case.
In the CHM MMX case MMX are saying the same thing in that they have done all this work and spent all this money.
Same arguement
In the MMX case CHM are arguing that they contributed a substantial amount of the all important cash component that secured the assets. Without these transactions there would have been no project.
It is in this part that the case differs.
As to the broker he didnt rate MMX chances of not losing.
A smart broker might want to say to his MMX clients get a few CHM shares as insurance on your MMX shares. What you lose on one you will make on the other.
No broker would be stupid eneough to rate CHM as anything more than a punt.
Unless they went to court everyday, studied the transacripts and case law how could you provide any real analysis.
CHM Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
