Michael Morris is being honest with shareholders, he or the board would not have been told in advance that Boateng would be making another claim.
Boateng is picking up on another issue which he has considered privately & taken legal advise on.
Boateng does not make money for MPH, probably never would, no loss there.
Prospects for MPH have never been better,turnover is rising substantially profits are about to really flow.A new brand is just around the corner & some new licence agreements are in discussion as I write.
YSL is hard to find on the high streets, so where are those profits coming from? Come June 07 the YSL profits cease how much of a loss is that going to be for MPH.