The arbitration results will probably have a different spin than you wrote. For now, no one knows what the outcome will be.
Anything can be brought up while making "the case". Delaying tactics don't win cases or higher awards. In fact, arbitrators take things like that into account and usually view such practices negatively. The whole picture is looked at. Arbitration hearings are not as nearly focused as suits in court. So much more is allowed to be entered into the record. Who is "more right" is what is at issue.
The job is to resolve a dispute both parties are unable to resolve themselves. They agree to arbitration to lessen the costs of the dispute resolution process.
The amount of damages being sought by either party isn't important to the outcome. It's only who wins that matters.
As for who wins and loses, I suggest that rather than starting yet another rumor, we be smart enough to wait for the ruling. It's going to come by the end of the month.
In the mean time, 21 Buys Vs 4 Sells is nice to see at this point during the day.
BCInvestor Share Wednesday, March 02, 2011 11:16:05 AM
Re: Tirunesh post# 57304 Post # of 57310
No news on LIQR vs DKAM. Here is an excerpt from my response to the Rumor Mill yesterday:
As I have said before, think logically about LIQR vs DKAM: LIQR allows the arbitration to delay as long as possible so that the case goes from being only a few hundred thousand in damages to $5.5M. The case gets delayed due to scheduling conflicts or other issues, but the time-line of damages continues until remedy (ruling of the arbitrator). When it is finally time to rule, there are millions at stake, and the life of DKAM on the line.
Meanwhile, DKAM only goes for a set $500K in damages.
Both parties would likely be ordered to pay damages in stock.
So what is $500K divided by $3 per share? 166,666 shares to DKAM, making them about a 1% shareholder in LIQR.
Now do the math if LIQR wins $5.5M divided by $0.0042, and you find that LIQR would be the single largest owner of DKAM above and beyond PK or anyone else. Since PK could not take any action legally to dilute LIQR in their position, PK would have to hand over the reigns.
Which do you think is more probable, LIQR not paying for arbitration on time because they could not afford the $10,000 fee (FYI LIQR CEO takes his Chauffeur driven Bentley Twin Turbo to work most days) or the reasoning I used above.
Do your DD. LIQR is probably licking their chops at Reingold progress as we speak, and any other good news for DKAM, because in the end it will all be theirs.
Just my humble opinion. Good luck though!
AI
