RE:RE:RE:RE:RE:RE:RE:RE:RE:RE: That Investors Reach a CDN $30 Million Settlement with Starsolarman2013 wrote: Stars IR confirmed that the 30M was already taken off as an expense in Q3 and is being reimbursed by insurance as and when claims come in, pending the final judgment in Spring. ie. if only $20M is claimed, that's what Stars pays out, insurance pays the rest and Stars removes $10M from charges taken. If all $30M is claimed (the max), then its a wash for Stars after they get the insurance money. In all cases, they are covered for such claims.
Communication with IR lets see your email correspondance, what is it that is new? or of value you are providing here?
https://s1.rationalcdn.com/vendors/stars-group/documents/financial-information/financial-results/Q3-2019/TSG-3Q19-Financial-Statements.pdf
"As at September 30, 2019, based on all available information, management believes it is probable that there will be a future outflow of CAD$30 million with respect to the previously disclosed Quebec class action lawsuit and accordingly has recorded a litigation provision
and a corresponding insurance carrier receivable in prepaid expenses and other current assets on the unaudited interim condensed consolidated statement of financial position."
From q3 financial statements(linked above), this is a trivial, non-material issue, as usual with almost everything you think is important.
I look forward to seeing your 'legitimate correspondance' with IR, in its absense this is just you pretending to be self important AGAIN.
"As at September 30, 2019, based on all available information, management believes it is probable that there will be a future outflow of CAD$30 million with respect to the previously disclosed Quebec class action lawsuit and accordingly has recorded a litigation provision
and a corresponding insurance carrier receivable in prepaid expenses and other current assets on the unaudited interim condensed consolidated statement of financial position."
If it isn't obvious to you already, a one time expense of 30 million to settle a nuisance lawsuit is not going to move the SP needle , especially not with the pending merger and being pegged to FLTR stock right now.