the narrow picture is that CHM has 2 choices 1. a small percentage of total gross income eg 277000/52000000 = 0.5% of all mmx income from JH up till now. In this senario it would seem Glyna is correct and figure is about $5m 2. 24% of net profit from JH. This is CHM choice as it has the most upside depending on interpretation. One interpretation is that the net profit or gain is reflected in the change in MMX market cap eg market cap of $500m - $100m invested = $400m. So 24% is 100m.
The big picture is I think reflected in the judge managing to make a judgement that both sides do not want to appeal. He has successfully walked the fine line. If the final result was to reflect this and be a figure that neither side would want to appeal then my guess is
MMX owes CHM $25m
That should allow MMX to move on and give CHM and its board (including CFE members) a nice opportunity to make something out of it
I now own roughly equal amounts of both companies and hope that after the 4th both will prosper
So good luck to all
Rumot
CHM Price at posting:
5.6¢ Sentiment: Hold Disclosure: Held
