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Great win for Cap-xx defending our IP in court and being granted substantial Compensation for it. AK’s IP is water tight and our tech is world leading.
The hum of the drone in the open space continues with a subplot argument that has been posted on 5? No maybe 6 separate occasions .... news must be around the corner
OK Iwgrod I have a spare tenner profit lodged with PC01 . I bet you that tenner that the "though it remains unclear whether this will be successful" turns out to be we get nothing . Their words are preparing us for that scenario IMHO. Hope I am wrong of course
Open - I don't think it matters whether it's an asset sale or stock sale. If you check out https://voidabletransactions.com/remedies-for-voidable-transactions-and-fraudulent-transfers.html it discusses the remedies available to a debtor. There you'll also see that I may have been wrong in stating that the action would not be against XS. Minefield eh?
OPENSPACES you are easily your own worst enemy. What the Company actually said was "CAP-XX is now pursuing the recovery of the US$4.9m court award, though it remains unclear whether this will be successful". It is in the last RNS, the RNS can be found on this lse website under the CPX Live RNS icon. You click on it and they appear by the magic of code, easy to do..
Albert I agree absolutely that the way out taken seems sharp practice to say the least and doesn't look morally right . However I understand there are two basic business purchase structures - an asset sale and a stock sale. With the former you don't inherit the debts. The indications are that CPX realise this and have given the impression that any success is unlikely. That's how I see it but who knows
AlbertStroller that is how I see it too.
Open, I don't believe further action will be against XS Power. It is likely that the transfer of assets was fraudulent. Google "Fraudulent Conveyance". There are lots of specialists lawyers who deal with these matters and we likely have a few of them on our legal team.
How ca they People XP did not acquire Ioxus's debts?
I filtered Openspaces many months ago along with many others. The best thing I ever didi. My life is too good to be filled with baggage from these posters.
My take on Openspaces is that his personality/character is a glass half empty person i.e. always negative and you'll never change him. Openspaces is unable to see the positive and so you're wasting your own precious time and energy on him.
My advice is to filter him and anyone that wears you down because your life is worth much more than that.
https://ioxus.com/english/media/press-releases/xs-power-batteries-acquires-ioxus/
Ioxus sold its assets to XS Power Batteries so I would think CAP-XX's lawyers will be doing their best to get the patent court case settlement money from XS Power Batteries. CAP-XX's lawyers know what they're doing and so l would think they're on with this.
...and here you are, doing exactly what you are getting upset about.
We have no choice OPEN...
I didn't ask the question, the answer that may have come didn't interest me as it would have been speculation. I didn't like the response that was given to the guy that asked it, it was rude and unnecessary .
I have been invested here for multiple years, this chat room used to be good, full of interesting discussion in the good old grahamwales days.
Nowadays I rarely pay attention as it's usually the same few people bickering like kids in a playground, each thinking they are the top dog.
As long term investors we have known of Ioxus for years and have the capability to research and digest information surrounding our investments. If you cannot, do not wallow like a crying baby on an internet chat room, seeking someone else to do your work for you. Go do your research and take judgement for yourself - or just read the RNS's which clearly communicate the progression and ultimatum from the court case and corresponding settlements.
You will also find out that;
- We are due to go live any moment with $15m of CAPEX acquired for pennies, along with an order book to be fulfilled. Check the recent Allenby report highlighting the numbers surrounding this.
- We have recently been awarded $4.9m (USD) as a settlement for Cap-xx's world-leading IP being infringed upon. Please see the RNS's surrounding this, as well as the upcoming case against the Tesla owned Maxwell.
- Cap-xx has consistent YoY growth and has had very little impact from COVID. Again, please see report stating YoY growth and the projections that didn't take into consideration the recent manufacturing acquisition.
You question was quite reasonable as were I believe my comments. The position is that CPX are saying that "it is not clear whether we will be successful". IMHO that is a statement which says "no we are in a situation where Ioxus have sold their assets and as such there aint much chance we will get anything". the only hope is that the purchaser continues to produce the same offending articles and is possible we can take action against them
To go back to the original question asked, which was reasonable, (has anyone done any research on loxus to determine if we will get any settlement) ,despite Kencarv shooting the questioner down telling him to read the RNS, the answer to that is not in any RNS from CPX , who don't really know either, but they suspect there isn't much chance (not the exacting wording but that's what it means) Perhaps Kencarv can share with us what he knows about Loxus and the likeyhood of any compensation being made, that's what a decent human being would do. From his insulting reply to the guy he obviously has found some information.
What would you like AK to do OPEN, walk away from Loxus or persue all legal paths to try and recover the monies.
A difficult situation to resolve but do not forget AK has a legal requirement to persue on behalf of the shareholders of the company ie you and me amongst others.
Just let the board do what the board has to do and await the conclusion the same as the rest of us.
send in the drone
OS' position is simple. He will always take a contrary position. For example he has opposed both defending IP and not defending IP. He opposed the Murata deal and supported the Murata deal, the list of inconsistencies goes on and on. He also admitted he did no research before investing and doesn't understand the technology or the nature of the markets for supercapacitors and the markets in general. He will question anything positive and support anything negative. If indeed he has contacted CAP-XX then it will be first, but I hope it is true. Although he professes to hold 1.3m shares his mission is clearly to destroy any positive sentiment on this board and try to talk the sp down. It is as though AK stole his first wife and this is how he intends to get his own back. IMO just a lonely old man used to committee life and this is his chosen forum for social engagement. Sad, but nonetheless a very clever wordsmith and would be a worthy ally if he could be re-programmed, probably Sexeys' discussion group champion in the 1800's.
Just waiting for the drone
Welcome .... let me reassure those looking in as I’ve been here for many a year . OS is no more than a thorn seeking division .... the moniker could be AI , MM or just some grandad in a care home but with no positive input can just be viewed as “Argent provocateur “
Open you are either completely thick or just being obtuse and I strongly believe it's the latter.
I understand where you're coming from OS, you've obviously been involved with Cap-XX far longer than I have and obviously have been let down on some occasions but that could probably be said for nearly every company, you only have to read the boards of other shares to see that theres always atleast one person with a grudge or negative outlook and some rightly so, but some do end up turning into decent money making companies for us investors. I just hope thats what happens here but have no doubt that things can go wrong with any company no matter what they say in RNS's, I just have a feeling that things here will be good in the months to come, only time will tell.
Thanks for the reply