Replies to post #967 on Moatable Inc ADR (MTBLY)

[downthehatch]

Thanks for your thoughtful meassage.... responding here as I'm not premium.

I think you are overall correct, but the big unknown at this point is what the administrative and legal costs will be.

While I suspect the curren 25.00 price may still be below the eventual payout, the legal expenses allowed by the court to the Plaintiff's lawyers could be substantial, as they have been working on this for almost three years, and there are 4 law firms listed for the Plaintiffs, including Reid Collins & Tsai.

Adminstrative expenses are not likely to be too much- maybe less than a million. But legal fees allowed could well be in the 20 million range, which would reduce the payout by 10% or so. Of course this is a wild guestimate, but simply looking at all the filings in this case, and the voluminous exhibits, tells me there are a LOT of billable hours that they will try to have included in epxenses.
That's the only big ?? at this poimnt, IMO.