RE: First tr1…takeover ?14 Apr 2023 18:30
From past experience and dealing with legal fees, which have amounted to hundreds of thousands. Some lawyers are £500+ an hour for instance.
Then the amount here is, as an estimate, is reflective of the time it would require to indeed process either a Joint Venture or takeover terms.
It’s certainly not a definite but at face value, on reflection, COPL could have legally agreed to pay a legal firm in shares, agreed in advance, of working on such matters.
It’s certainly plausible that COPL had agreed to pay for legal work with shares when the negotiations began.
Happy to be proved wrong?