TSXV:RHT.H - Post by User
Comment by
theinvestor22on Jan 25, 2022 10:10am
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Post# 34357664
RE:RE:RE:RE:RE:RE:Recent posting re settlement
RE:RE:RE:RE:RE:RE:Recent posting re settlementAbsolutely correct!
Lifeboat1 wrote: Great post theinvestor22. One thing to add. Fighting the lawsuit in court likely would have cost at least hundreds of thousands of dollars, as you said, but could conceivably exceeded the $600k out of pocket Reliq had to pay in the settlement, as well of taken several years to complete and time from senior management. This was money well spent by the Company to get this resolved. $600k out of $5-10 million in 2022 earnings is clearly worth it just to get another distraction out of the way.