Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Large seller keeping downward pressure too.
All markets are down, FTSE is roughly 2200 points down from its 52wk high. At least here it seems to be smaller volumes bringing the price down.
Very subjective views on these boards LOngterm.
Taken with a pinch of salt. The ones that know the most say the least I’ve found.
That said I’ve always thought it’s just a matter of time before the appeal runs its course and we’re back on track. Unless someone has some evidence to suggest.......
If you don’t like the rumours start one you do like!!
A lawyer would, I agree,. I would also assume a lawyer would also check any published materials with this information within it. If not Edison’s lawyers I would imagine, would Double check Content before publishing..
On new information, I thought I read a post stating patent impacting the core product (not exclusivity period).
They would say that. A corporate lawyer wouldn’t ignore it though.
What new information LOngterm?
That’s not what the company has communicated so far, Basically they have stated the impact as trivial and would reduce the exclusivity, evidenced in the Edison investor research notes etc. Hence I was wondering where this new information has come from?
I was under the impression Longterm that the manufacturing process was the key patent.
That’s why I was surprised at the Chinese deal. A patent is of no use unless it covers all corners I was thinking.
I’ve been keeping an eye out for news.
That said the patent was upheld at first claim and this is an appeal against the original findings. There’s nothing to be found in the EPO either.
Hi,
Can you point me to where it details the patent challenge impacts the core product? As previously the discussion has been related to the manufacturing of the product, and would reduce the duration of exclusivity I.e. when generics can be produced.
Not really wanting to be dragged into ramp/deramp conversations Pascha. You clearly know a bit about the company and it’s dealings.
What about the Chinese deal?? How come the deal was made with outstanding patent challenges?
The CFO mentioned this either in Q&As or in conversation after the Feb presentations - this was mentioned on ADVFN.
They are not negotiating with one company and process has been complicated as other companies have re-entered process.
In terms of patents - there are 2 separate ones. The 1st STX won however it has been appealed. STX has previously mentioned this only relates to final few years on patent period. Currently these run to 2032 and 2035 respectively. The patent numbers are below if anyone want to do more digging
The Group has been made aware that a 3rd party has raised objections with the European Patent Office (EPO) to the Group's patents (#2 668 175 and # 3 160 951) which cover "Process for preparing an iron hydroxypyrone" and "Crystalline forms of ferric maltol" respectively. On the basis of specialist advice received and the fact both patents went through an extensive examination process prior to grant, the Group continues to have full confidence in the validity of the patents which expire in 2032 and 2035, and intends to robustly defend its intellectual property, if required. Further information is available on the website of the European Patent Office (EPO) (www.epo.org) and the Group will provide updates in due course.
Shandypants, where did you hear those comments from the CFO? Got a link to anything to substantiate. Sounds positive wrt ongoing negotiations
RSI now under 20. That's a massive oversold sign. I will continue to top up as US news will drop before end of Q2. With the Chinese deal sorted anything under £1.50 is a steal.
At recent presentation CFO stated some companies (so more than one) had drop out and recently re-entered.
So STX inform them of their terms - they're not happy and walk away. If they've re-approached STX that's a positive sign IMHO.
don't think this will have any impact, regardless who wins.
Really though the China deal would fix price prior to US deal but it seems to have had the opposite impact.
It would appear US deal has been slightly delayed and that combined with market jitters have seen quite a large price reduction.
Business case is unchanged for STX and US market is massive.
This deal will get done - if anything China money has enabled STX to toughen their bargaining position.
I've topped up - this will be well above £2 the moment US deal is announced
Am wondering if this not have something to with fear of Bernie Sanders or Elizabeth Warren becoming president. I consider it unlikely that a democrat will be elected and that the party will have a working majority in both houses.