What kind of settlement do we need?15 Feb 2020 14:08
So what kind of settlement do we need to at least break even? In my case, my average price per share is/was 0.0037 and with approximately 16 billion shares out there, that would mean we need approximately 59.2 million pounds or 77 million dollars. Let’s say we have agreed to pay the Geogians “their” 70 million dollars, plus we owe Hope 30 million pounds or 39 million dollars. We owe BH for their work (my guess is say 50 million dollars, but who knows!), court fees say max 10 million dollars.
Anything or anyone else ?
I make it, using my dodgy maths, around 250 million dollars that needs to be awarded to us (or that we are able to sell our remaining assets for) for us to break even (admittedly using my average share price rather than anyone else’s...).
Any thoughts? Have I missed anything?