RE:RE:Both Missing My PointDemistifying: I appreciate the tone of your post, except for the words "take a hike." I do recall the early days of the announced suit. I thought that this was simply a routine contract dispute that management felt had to be resolved by the courts because the two sides had reached an impasse and could not settle. I simply wrote at the time that if management of Teuton thought they were right, they (paraphrasing) "deserved their day in court." I was wrong; but not for the reason you may think. And I'll give you a hokey analogy.
Sometimes you get a parking ticket you know you can prove you didn't deserve. The ticket cost you a $50 fine. But to win the case, you have to take off from work and lose $100 in wages; so you pay the fine.
I think what happened here is similar; only we did "fight the ticket." We "knew" that the drilling cost was too high (as per published allegations in our court papers) but what was going to be slam-dunk evidence was either not permitted or thrown out when our expert testimony was either disallowed or disregarded by the court (I'm not clear on exactly which.) And a large part of the case turned on expert testimony. That's all I want to say on the merits, which mean nothing to me now, of course, because I'm not interested in arguing the case here over and over again; but never did I tell AMK investors to take a hike.
As the case proceeded, privately, I realized that the stakes were growing higher and higher; it was a poker game where two parties were raising and reraising each other for more and more money than they each could afford, playing more and more "pots" than they needed to play, and who was raking in all the cash? The house (lawyers!)
If we were Apple and AMK were Samsung, this would have been a routine contract dispute and my original idea of supporting management to bring the suit would have been correct, as our treasury could have sustained the action. However, in hindsight, I realize now -- strictly from a business point of view -- and only business -- it was the wrong decision. AMK had to defend vigorously. And they have done so. To the victor goes the spoils.
(all of a sudden there's a blue bar across my post here; I'm going to quit out and post now; continue in a second.)