CHM 11.1% 1.0¢ chimeric therapeutics limited

litigation update, page-36

  1. 723 Posts.
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    Upon reading the Quarterly report I note that despite chm's continual claim that the "koh and Evans" claim was worth between $150 and $250 million (refer to asx announcements) and that chm had an 80% interest...they settled for the equivalent of approx $7 million!!! the flow on to Chm appears to be only 1.25 million shares in MMX..So on current values chm were happy to settle a self confessed 200 million claim for about 2 million dollars!!!!And called that a "Windfall".!!looks like the funder did indeed strike a pretty good deal too.... it appears if koh and Evans got 20% then the funder naturally got costs, and about 1.5 million shares..so about a 60% split to the funder as a quick calculation...Chm reckon the current claim is worth 400 million so am guessing that they are gonna be happy with about 10......sure looks that way...
 
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