Tim
The law suit should be very simple?
What courts are you used to dealing with? Even a guilty party, with deep pockets, can delay, obfuscate, and use a myriad other tactics to
run up the legal bills of a less well endowed counter party. It happens all the time. The law suit could take years and tons of capital.
naxos has roughly 250,000 in cash. You tell me what the current best use of that cash is. to clear up old legal problems that they could always address later, or to try and prove/disprove what they are currently working on.
If the current process is a failure, the Ledoux problem doesn't rreally matter as the whole project is probably done for, finished, kaput.
If it does work, they will be able to raise capital to make Naxos an ongoing project and address any problems with Ledoux.
If they address the Ledoux situation now, and fail, they will in all liklihood go under, without finidng out if the current process works.
Which scenario makes the most sense to you?
Mark |
