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This was (obviously?) a joke:
"April Fools day has been officially banned under COVID-19 emergency measures, in order to prevent inadvertent contamination and to prevent panic spreading due to hoaxes."
Anyone fooled?
J'Accuse Samsung!
Suppose it all depends on how succesful they are in obtaining Govt funding otherwise there are only cash resources till July.
Don't suppose there'll be any problems in that regard ??
Cashflow into next year is good news; it gives the time needed to make the best possible strategic decisions and to allow the court case to proceed without the threat of Samsung taking advantage of short-term liquidity issues.
What a great RNS...
Hi BBD,
Google has banned pranks as far as I'm aware but haven't heard anything official from Govt.
Mind you, most of them are fools, most of the time !!!!
Actually April Fools day has been officially banned under COVID-19 emergency measures, in order to prevent inadvertent contamination and to prevent panic spreading due to hoaxes.
What on April Fools day ??
Or perhaps an RNS the day before, would be appropriate!
Thank you for your very useful response Morbox and amerloque,
It looks as though the deadline for the response from Samsung is next Thursday, April 2. I hope that there will be an RNS issued to keep investors informed, and wonder whether the prospect of Samsung capitulating will attract further investment early next week. Regards, TLW.
The following web site defines Federal rules for time. Time is based on calendar days. Moreover, "an extension of time sought before expiration of the period originally prescribed or as extended by a previous order ought to be granted in effect ex parte, as FRCP 6 (b) permits, it may grant motions seeking such relief without delay."
www.law.cornell.edu/rules/frap/rule_26
"Rule 26. Computing and Extending Time
Primary tabs
(a) Computing Time. The following rules apply in computing any time period specified in these rules, in any local rule or court order, or in any statute that does not specify a method of computing time.
(1) Period Stated in Days or a Longer Unit. When the period is stated in days or a longer unit of time:
(A) exclude the day of the event that triggers the period;
(B) count every day, including intermediate Saturdays, Sundays, and legal holidays; and
(C) include the last day of the period, but if the last day is a Saturday, Sunday, or legal holiday, the period continues to run until the end of the next day that is not a Saturday, Sunday, or legal holiday.
....
Rule 26. Computing and Extending Time
Primary tabs
(a) Computing Time. The following rules apply in computing any time period specified in these rules, in any local rule or court order, or in any statute that does not specify a method of computing time.
(1) Period Stated in Days or a Longer Unit. When the period is stated in days or a longer unit of time:
(A) exclude the day of the event that triggers the period;
(B) count every day, including intermediate Saturdays, Sundays, and legal holidays; and
(C) include the last day of the period, but if the last day is a Saturday, Sunday, or legal holiday, the period continues to run until the end of the next day that is not a Saturday, Sunday, or legal holiday.
....
Notes of Advisory Committee on Rules—1967
The provisions of this rule are based upon FRCP 6 (a), (b) and (e). See also Supreme Court Rule 34 and FRCrP 45. Unlike FRCP 6 (b), this rule, read with Rule 27, requires that every request for enlargement of time be made by motion, with proof of service on all parties. This is the simplest, most convenient way of keeping all parties advised of developments. By the terms of Rule 27(b) a motion for enlargement of time under Rule 26(b) may be entertained and acted upon immediately, subject to the right of any party to seek reconsideration. Thus the requirement of motion and notice will not delay the granting of relief of a kind which a court is inclined to grant as of course. Specifically, if a court is of the view that an extension of time sought before expiration of the period originally prescribed or as extended by a previous order ought to be granted in effect ex parte, as FRCP 6 (b) permits, it may grant motions seeking such relief without delay."
Is it 45 calendar days or 45 working days that Samsung have ( from February 17) to respond to Nanoco's allegations that they have wilfully infringed their patents? If it is calendar days, then the deadline falls on Thursday of next week; if working days the deadline would fall in mid-April. Meanwhile, there are a number of possible outcomes from Samsung including agreeing to a licensing or supply agreement for Nanoco's patented products, which would be a massive deal for Nanoco; placing a successful bid to take over the company; or completely denying Nanoco's allegations, which would mean a court procedure later in the year.
It crossed my mind that should next Thursday be Samsung's response deadline, we might see an increase in the share price next week in anticipation of a favourable outcome to the process for Nanoco? Another scenario, which would ring true with the protracted series of events over the last four and half months, is that Samsung might ask for an extension to consider their response in light of the disruption caused by the CV19 crisis?
My view is that this matter has gone on for long enough, and it is high time for investors to be given more detailed information (number of bidders still in the bid-process would be helpful, should we still have to guess this based on the very vague phrasing of Nanoco's statements?). The repeated information that we have been given since early last November has not helped matters, and the last repeat led to the share price falling back to 20% of the highest value achieved following the announcement of the patent infringement lawsuit against Samsung.
It takes all sorts Basscadet, so nice to know there are some compliant criminals out there. However, unless there is a last minute capitulation, it looks like Samsung is doing it Gangnam style.
I'm not doubting your account ddubya. Such things do go on. However, I have some indirect experience myself where the accused showed the opposite behaviour. The gap in consequences between pleading guilty and not pleading guilty were so great that everyone bent over backwards to demonstrate cooperation, follow the rules and do everything the authorities told them to.
Good morning all. Today’s posts remind me that a number of years ago, my wife was witness to an armed robbery. In the months that followed, the crims tried everything to avoid going to trial, including turning up before the identity parade, so they could say the witness only recognised them outside and having their mate turn up on the opening day of the trial to shout out “That’s the man who did it”. Miss trial declared , so delay and public money wasted. Ultimately, they pled guilty but only when they knew they were not able to intimidate the witnesses or get off on a technicality.
If Samsung is guilty (my sense is it is) it will do all it can to wriggle free and admit guilt only when it has to and Even then it will try to discount the settlement. If you believe in NANO this is the time to stay strong.
The new 8k one looks spectacular. At £5,999 for the 65 incher there must be some cash there for Nanoco.
Television commercials all over the box for Samsung QLED...? either they are very sure of themselves or we are in for a big wind fall.