The ENVELOPE is a little light for the Class B shares!!Trimetals BOD/CEO/CFO, their auditors, and their company councel are saying that the Company Data did NOT belong to SASC, the value of it was NOT part of the settlement, and that the Class B will NOT receive its share of the proceeds from the "SALE" of the SASC drill data to the Equqdor government!!
The August 29th 2019 PR by Trimetals says that the company will have "pro-forma" after the settlement, the payment of the ClassB consideration, and the payment of the company debt, about $5M US in cash.
You take the June 30, 2019 financial statements, add a bit of company drilling and G&A burn, the payment of the debt, the existing cash and working capital for that June 30th, 2019 date, AND then the money received from the settlement, I say the Trimetals comapny took in about $4.5 to 5M US, and the B got about $11.4M US.
Obviously this is not a 85/15 split.
Certainly, with the TOTAL proceeds US being about $25.5M, and then 33% for the "FUNDERS" would leave about $16M to $17M US for the proceeds to be split.
I can guarantee you for sure, the FUNDER lawyers collected their share of the proceeds based on the TOTAL $25M plus, with NO deductions for the sale of the company drill date to the Equador govt. Ie......The lawyers working on the case did not consider the drill date "sale" to be outside of the settlement proceeds, did they!!