Thanks for that. It's good to have someone involved with your knowledge. I note that the shares I received from MCB are titled The Betting Service Ltd.so will there be issues as the business has since changed its name? Regards
Allign it's simple quest get the lions share of any settlement for taking all the risks and costs when we got them to take the patent to court? Myclub get 20% of all settlements and world link 5% but as all worldlink shareholders got Myclub shares we get a share of both
For every 92 worldlink shares you got 1 Myclub share! Myclub is listing on main market shortly in a reverse takeover through Pappilion a shell company terms yet to be disclosed?
Yes worldlink should be relisted or they may be a buy back by Myclub but it is looking a lot better than four years ago
If we get a deal that states the patent is valid we will be able to go after all the betting companies financial companies the auction sites anything that only updates partial data over mobile and tablet we can do that up To 2020 so there is a lot riding on this mediation day
Hope everyone received the mail from Neil Riches earlier this week re court hearing in Delaware scheduled for Jan 2017. The court has ordered there to be a mediation meeting between the parties (Quest for WGP, Bloomberg and Charles Schwab) on November 29th with statements to be submitted to the meeting drafted by 17th November. The mediation group has the authority to agree/propose a settlement in advance of the court hearing scheduled for Jan 17. Neil Riches commented that this represented progress whilst inviting caution re the possible outcome. We could, therefore have a settlement offer before Xmas. Hopefully, Quest have done their homework and can push for a robust settlement. With only 40 million or so shares in issue, a decent settlement could prove very lucrative for us, especially when you consider how many companies are involved. I am unsure what the implications for WGP shareholders are right now, though. If a settlement figure is agreed, would the company be obliged to seek to have it's shares lifted from suspension so shares could be traded again? Would Neil Riches wish to issue WGP shareholders with a one-off dividend? Could NR transfer any settlement money into MyClubBetting instead? My hunch is that as the patent was issued under Worldlink, Aim rules would decree that any settlement be paid into WGP, but this may be wrong. I'll mail NR and ask him what the position would be and let people know. Regards,
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