mmx quarterly rpt, page-36

Dear Kennel........I fear you may have been misled somewhere along the track...chm was never going to buy JH....Nicu/MMX bought it, and at the very worst knowingly or unknowingly used around $400k of Chm funds to buy it...Out of a total consideration of around 11 mill in cash and shares.....Now if JH had turned out to be worthless or still worth around 11 mill..I am guessing thst chm would be more than happy to recover their $400k plus some interest lets say 2 mill especially if mmx were still a tiny company.....But because MMX have pumped in another $50 mill of their own and shareholders money and an enormous ammount of work and risk,..Chm feel that they are entitled to a hundred mill or more...Well it does'nt work like that......the accepted CT award is a % of value in proportion to what went in , with also consideration to development costs to achieve current value...and only this if believed that MMX had knowledge..so worst case is between less than 1 to 3 percent...
Dont know where you got 70 mill figure from....I believe that a figure around 35 may have been asked but somewhere less than 10 offered....hence court!!...