The fact that dixie and RDH went to arbitration is a good sign for mjna. The issue with litigation is that you put the fate of your business is in the hands of the jury. That can most likely sway 100% in your favour, or the other party. In arbitration... Both parties can pick who reviews the case unlike in litigation. Also by agreeing to arbitration the ruling when given will be final and both parties will not have a chance to appeal. Now with both sides, there seems to be a lot of he said she said going on. Mjna never put up there shares.... Dixie never putting up theirs... Etc... What the arbitrator will need to decide was who first should have put forth the money. I don't think that either party wanted to take the chance on litigating the matter for risk of losing all. I think both parties are playing it safe. RDH wants to retain majority stake in Dixie. Left Bank wants to take majority and also own licenses on proprietary product. I think that an arbitrator will see that both sides didn't fulfill agreements in a timely fashion. I am predicting three outcomes 1) it remains as is... With mjna/rdh 60% and license holder, and left bank at 40% 2) split 50/50 with a share of the licensing 3) reversal with left bank holding 60% and licenses while mjna/RDH takes the 40% with no license
This is why I feel that both sides have chosen arbitration. They both know that neither can win the full 100%, so they are trying to get as much as they can....
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