Court Cases21 Dec 2023 09:31
Yes they lost the Maxwell case on a technicality. Can anyone help with information on the litigation payments since starting the Maxwell case. Often the attorneys will receive staged payments, as this has dragged on for four years.
Will the considerable costs incurred be affordable, with minimal income received this year ? I know this will shock many on here but I feel we will see a fund raise to cover the costs. Assuming the next Court case is also fought, there will need to be a different funding arrangement with a litigation funder, or another fund raise to cover the costs of defending the future Court case. A cautionary warning, in the last trading update there was a mistake mentioning the Supreme Court. No one wants that to be the eventual outcome of this costly legal travesty. Least of all the many LTH's who are still investing. I would like a quick decision on negotiations to finish with the future Court case. If there is no mention of total Maxwell case Court costs it will be a signal that we will need a fund raise and further dilution. We were all hoping for a positive outcome but several large holders wisely de-risked their investment. Sadly I was not one of them.