Thanks for that. With many companies using our patented technology in the US, I agree a settlement could be mouth-watering particularly with the low number of shares in issue here. Not getting my hopes up as we have a long way to go, but us shareholders deserve a result here. Stay in touch, Wazza. All the best.
I spoke with Ian at myclub yesterday apparently myclubbetting will float on European Nasdaq market by the end of September but the patent will be stripped out into a separate business all MY club shareholders will get one new patent company share and retain 1 myclub share for each existing 1 held? Yes Neil had deposition hearings with each if the defendants lawyers a gruelling 14 hours of meetings being grilled apparently went well?
It does sound like we have a good case, in fact we have been granted an upgrade to the original patent that makes it wider cover than just old mobile network! Did not quite understand it was a very bad line.
But we may be getting close to being able to trade the Myclub betting shares but no idea when the WGP shares will be lifted from suspension nor what value they may relist at that will all depend on how big the damages are? But if and when damages are decided, that will set a benchmark for Quest to go after any other user of the patent and claim further damages, they will have three years up to end of patent lifetime? So the numbers could be eye watering?
No one yet has any idea what those numbers might be.
So we will certainly know something re myclub shortly and WGP is unlikely to go to court so a settlement is likely if judge guides defendants to do so before the court case? So maybe a very nice Xmas present on it's way to all WGP shareholders may be the longest suspension of all time, with a promising resolution now won't that be a laugh to all those that stated this was all a big con trick?
I spoke to Neil Riches over the phone a couple of weeks ago. I had received an update on My Club Betting and mailed the company to ask for an update on WGP. Neil phoned me himself and informed me that he was visiting the US this month for the final time to present evidence, out of court, re the patent case. The two companies involved in the alleged breach of patent have tried to block the case going to court, but on both occasions, the judge has ruled against them. The case, if it gets that far, is due to be heard in Feb 2017, but the parties may choose to settle out of court. There are many companies using the patented technology, so a ruling in favour of WGP would be very lucrative. If I heear any more from the horses mouth, I'll post here and I'd appreciate it if others did the same.
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