With the agreement revealed now it might shed a little more light on the Koh and Evans case and who decided it should be settled.
In Koh and Evans you had multiple parties and the funder based on current situation would of pushed for settlement and CHM would have had to have gone along as they couldnt upset the apple cart in the main case.
This time around you have a new CHM backer who has said in the press he doesnt want cash but an interest in IO assets. CFE would have had there own lawyers go over the case and I am guessing also is aware of what MMX is offering to make it go away.
Koh and Evans claim was for 5% of the assets so that was the value.
What it did do for CHM was gave it the working capital to survive while the main case played out so thanks to the MMX shares.
CHM Price at posting:
9.2¢ Sentiment: Buy Disclosure: Held
