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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


DDD Group PLC Share Chat (DDD)


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shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
7 Jun '17
June 5: "MINUTES OF DEFENDANTS' MOTION FOR JUDGMENT ON THE PLEADINGS THAT THE '267 AND '812 PATENTS ARE INVALID FOR CLAIMING UNPATENTABLE SUBJECT MATTER UNDER 35 U.S.C. § 10141 ; DEFENDANTS' MOTION FOR SUMMARY JUDGMENT THAT THE '267 AND '812 PATENTS ARE INVALID UNDER 35 U.S.C. Section 112164 ; POST-MEDIATION STATUS CONFERENCE Hearing held before Judge George H. Wu. For reasons stated on the record, the above-entitled motions are TAKEN UNDER SUBMISSION. Court to issue ruling. Court and counsel confer re mediation. Settlement is not reached. A Status Conference is set for July 31, 2017 at 8:30 a.m."

The can is kicked further down the road.
 
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
RE: Annual Report and AGM
2 Jun '17
rickojohn, it's impossible to be bullish based on these numbers. For all the 'jam tomorrow' promises, DDD appear to me to be effectively trading whilst insolvent, notwithstanding the February 2017 placing at 2p. But the directors bought decent chunks then at 2p so they must know something. There's also the Japanese customer, Arisawa, who keep offering loans to the company so they must know something too - or perhaps they are manoeuvring to put in a takeover bid or to help fund a management buy-out. All pure speculation but I think there must be some overarching plan that PIs know nothing about.

As for the litigation, mediation has been more or less forced on DDD as they don't have the funds to keep litigating forever. With that scheduled for 5 June, we may get news next week. But any settlement less than $4m would be unexciting as DDD have built up debts to around that level.

They did say in February that they had signed a number of new contracts which hadn't been announced so presumably there's some positive news to come on that front -- especially with VR being the new hot tech. I noticed that BT Sports are broadcasting some events in VR - not that I'll be watching as it makes me seasick.

Overall, I suspect there's good news to come but couldn't be certain that PIs will benefit from it.
rickojohn
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.00
RE: Annual Report and AGM
2 Jun '17
As always shylock, thank-you for the update. Might this year be the turning point? "PC licensing affiliates "will significantly increase the distribution…during 2017 to tens of millions of units," An early 'out of court' settlement hopefully!
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
Annual Report and AGM
29 May '17
AGM will be held in London on 22 June. Special Resolutions to give authority to:

- Allot new shares up to 33% approx of current issued share capital
- Disapply pre-emption rights on new shares
- Re-price the 2014 and 2015 convertible unsecured loan notes to be convertible at 2.5p

Annual Report for year ending 31 December 2016:

Revenues $379k (2015: $706k) due to loss of Samsung TV 3D revenues
Gross profit $373k ($697k)
Admin expenses $4.758m ($3.089m)
Loss $4.454m ($3.030m)
Non-current assets $$1.572m ($3.945m)
Current assets$163k ($486k)
Current liabilities $3.538m ($2.016m)
Auditor emphasises going concern uncertainty (2015: ditto), further to which…

"The Directors have prepared cash flow forecasts up to 31 December 2018 which indicate the Group will require access to additional funds by mid-July 2017. To this end, the Group will participate in Court-ordered mediation (scheduled for the end of May) with the objective of securing a settlement to the ongoing litigation claim (against LG). Additionally, the Group is pursuing several commercial options to secure funds including negotiations for new development agreements and/or arranging financing through the parent company from existing shareholders. In addition, the Group is at early stages of negotiations to secure funding of the GenMe subsidiary from existing or new shareholders. Furthermore, the Group may require additional funding within the next 12 months if the projections are inaccurate or a change occurs in the market… It is also anticipated that some or all of the secured and convertible debt will require a further extension to their expiration terms, which are currently due in early 2018… The Directors have concluded that the combination of these circumstances represent a material uncertainty that may cast significant doubt on the Group's ability to continue as a going concern. Nevertheless, after making enquiries, the Directors have a reasonable expectation that the Group will have access to adequate resources to continue in operational existence for the foreseeable future."

Current trading and outlook: cash from new TriDef SmartCam affiliate distribution partners has begun to come through in Q1 2017 and are expected to show significant growth this year as PC licensing affiliates "will significantly increase the distribution…during 2017 to tens of millions of units, validating the affiliate licensing model." DDD also expects its new TriDef VR technology to create similar demand from brand names as its 3D technology achieved.
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
22 May '17
Patent eligibility hearing scheduled for June 5 -- to be followed immediately by a "Post-Mediation Status Conference", which could presumably result in a settlement…or a decision to go gung-ho for a trial.

https://www.pacermonitor.com/case/8780972/Dynamic_Digital_Depth_Research_PTY_LTD_v_LG_Electronics_Inc_et_al
rickojohn
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
2 May '17
Thanks anyway shylock, yes it might well be a good sign. Still keeping the faith.
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
26 Apr '17
rickojohn, the document isn't available for public consumption yet.
rickojohn
Posts: 49
Off Topic
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
25 Apr '17
Good spot shylock. Are you able to post the script, unfortunately the link requests subscription.
Thanks
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
RE: Court Proceedings: DDD V LG
24 Apr '17
shylock
Posts: 5,991
Observation
Opinion:No Opinion
Price:0.00
New share auction
27 Mar '17
Asset Match have kicked off another share auction. So far, 60k on offer at prices from 0.75p to 4p.




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