BIONIC BOY MMX directors are in a difficult position.They...

BIONIC BOY

MMX directors are in a difficult position.They originally claimed there was no case to answer but changed this to ... "That there is no sustainable factual basis for the CHM claim so far as it constitutes a claim for a substantial claim in Crosslands Jack Hills or Weld Range tenements and in, or MMX's share in Crosslands.(I wouldn't mind a legal interpretation of that statement for the layman.) To me, it means CHM does have a claim against MMX and Crosslands but not a "substantial claim".The trick is to define SUBSTANTIAL. In my dictionary,the partial meaning for substantial is...1 ample, large...and that ,to me anyway, is what this case has become.The size of the settlement ,or the Judge's decision as to the size of the settlement.
By changeing the wording of their interpretation of the case against them,MMX directors have covered their backsides from both ATSIC and shareholder wrath if the Judge orders a settlement considered to be more than ample or large. (maybe we could have a court case to determine what ample or large means.) I believe MMX directors are genuinely trying to extricate themselves from the dud hand inherited from the previous management team and are fighting for all MMX shareholders,as CHM directors are for theirs. Almost D. day.

IMPATIENCE... waiting in a hurry.