(Total Views: 590)
Posted On: 01/13/2022 10:00:00 PM
Post# of 154851
On the bond issue -
From the 10q it seems the court set the bond and the bond is based on the outcome of the arbitration hearing. It seems very odd that a court would meddle in an arbitration hearing. Maybe the judge saw this as some type of fairness to both parties. Since the claim from Amarex is I believe $9.8 million and the bond is set for $6.5 million it would be for a portion of the total. Which is also very odd because it should be up to the surety company as to what amount they'd need in cash.
From the 10q it seems the court set the bond and the bond is based on the outcome of the arbitration hearing. It seems very odd that a court would meddle in an arbitration hearing. Maybe the judge saw this as some type of fairness to both parties. Since the claim from Amarex is I believe $9.8 million and the bond is set for $6.5 million it would be for a portion of the total. Which is also very odd because it should be up to the surety company as to what amount they'd need in cash.
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