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Very interesting reading PP1- thank you
I must be missing the point though-
Murata are getting out of the business and practically giving away their production equipment!!
Looks like it’s too much hassle for murata but surprised at the low cost of letting Cap have the gear and training!
Don’t suppose they could afford the $50m but still looks generous, and not at all business like
Too good to be true??
Tf
Thanks PP1
Seems a v small company and very niche. Nice to make a few mil Aus $ and get the tax but £3-4m isn’t much.
Clearly I know nothing really if this company but I see they bought some equipment from ... competitor? What were murata doing before and why’d they let it go / sell it?
Is this small potatoes or not?
I’d like to put £5K in nikola and wait. Sure it won’t do a Tesla but if it did you could retire
TF
Tysonfury123 - Some more info for you from the latest CAP-XX trading update
Cash as of 8 May 2020 was A$4.4m. The Board also expects to receive a payment from the Australian Taxation Office of A$3.3m in the fourth calendar quarter of 2020. The Board is confident that the Company will have sufficient cash to complete the integration of the ex-Murata customers and the former Murata manufacturing assets, which the Board believes will result in a significant uplift in revenues and ultimately positive cashflow from operations in due course.
Tysonfury123 - For me, CAP-XX will win the case against Maxwell. Ioxus are no longer defending a similar court case brought by CAP-XX so there'll be a judgment in favour of CAP-XX in about 2 months against Ioxus. Winning any court case always helps the CAP-XX share price.
However, in my opinion, the real game changer for CAP-XX will be the up and running automated production lines CAP-XX have bought from Murata. Here's the link to read if you haven't already read it:-
http://www.allenbycapital.com/research/research-cpx_31_3866217389.pdf
Hi
Is this case a game changer. Obv if Cap lose it’s gonna be a rough tide but if they win... any big upside?
Only just bought in last week so know very little. Hoping for a good return , but in years to come??
TF
Very interesting ...... Particularly the last sentence of Rule A 12 .....‘judicial experience and common sense ‘
https://www.bloomberglaw.com/public/desktop/document/Cap_Xx_Ltd_v_Maxwell_Techs_Inc_No_191733CFC_2020_BL_206457_D_Del_?1591379869
Judgment in full for denying Maxwell's motion to dismiss
I trade like that sometimes and use long trends too...i just say it's my trading style if in doubt :)
Interesting it has not been updated tho...it was a c 400k shares...i'm trying to work out why i was quite so impulsive today...i think the answer lies in the belief that the Covid situation is rapidly coming under control (except in this godforsaken country) and that, despite my rudeness to PP1 the other day, the global markets (to which CPX bears absolutely no correlation!) are beginning to look forward to a new life (why else American Airlines +40% yday?!)...anyway we'll see.
I have just paid 3.18 for a few more. A bit expensive against where they have been trading recently but there we go,
Not currently in the Acronym dictionary...tho maybe used within Tesla!
There was me thinking it stood for Fxxx Oxx Musk
More from the CAP-XX v Maxwell Court Case:-
CAP-XX has been developing electronic devices, including supercapacitors, for the past few decades. It has distributed and sold those products in the United States and elsewhere in the world during that period. Its supercapacitors are commonly used in wireless applications, such as, wireless sensor networks, personal digital assistant devices, mobile phones, and compact flash products; and in consumer product applications, such as, eBooks, toys, digital music players, notebook PCs, and digital still cameras. It has also offered supercapacitors for sale in connection with automotive, medical device, metering, and industrial handheld terminal applications.
Maxwell has been making, selling, offering for sale, and/or importing products into the United States that infringe the Patents-in-Suit
From the CAP-XX v Maxwell Court Case:-
U.S. Patent No. 6,920,034 (“the ’034 Patent”), titled “Charge Storage Device,” was issued by the U.S. Patent and Trademark Office (“USPTO) on July 19, 2005.
U.S. Patent No. 7,382,600 (“the ’600 Patent”), titled “Charge Storage Device,” was issued by the USPTO on June 3, 2008
The ’034 Patent and ’600 Patent are referred to herein collectively as the Patents- in-Suit. The inventions described and claimed therein were developed for use with electrochemical charge storage devices, commonly referred to as supercapacitors. Such capacitors may also be referred to as ultra-capacitors, electric double layer capacitors, and electrochemical capacitors. The Patents-in-Suit claim charge storage devices with certain features, as discussed further below, that were novel and patentable improvements over the existing devices known in that field of technology in December 1998, when the provisional application for the Patents-in-Suit was filed.
CAP-XX owns all rights, title and interests in the Patents-in-Suit.
figure of merit - a numerical expression taken as representing the performance or efficiency of a given device, material, or procedure.
Volumetric FOM (figure of merit)
Gravimetric FOM (figure of merit)
Hi PP1, many thanks for sharing. This looks that this improved the negotiation position for cap-xx. I think this is 2:0 for Cap-XX.
Let the game go on...
Hi PP1 what does the abbreviation FOM mean in the comment? Had a look round the sites and can't find a sensible suggestion other than figure of merit.
From the Judgment made on 14 May 2020 for CAP-XX v Ioxus
Plaintiff (CAP-XX) shall file any application for default judgment within forty five days of filing proof that the Clerk’s Entry of Default has been served on Defendant (Ioxus).
The Court will schedule a hearing on Plaintiff’s Application if necessary.
From the Judgement itself:-
With respect to the first argument I find that CAP-XX has pleaded facts plausibly establishing that the accused devices meet the claimed FOM values.
and later in his Judgement
Accordingly, CAP-XX has alleged facts that plausibly establish that an accused Maxwell product meets the limitations of the additional claim. And therefore it has stated a claim for infringment of the additional cliams of the 034 and 600 patents.
For the foregoing reasons I will deny Maxwell’s motion to dismiss
It is the legal teams who do all the negotiating and never the CEOs. These are always slow progress cases. There will be negotiating going on in the background. Figures will be offered. Figures will be rejected. It's a cat and mouse game and will take months and months.
Im sure if AK rang EM he would take the call. Much better to do some sort of commercial deal than flog through the courts even if cpx likely to win. Unless maybe the award is in the $0000s
No worries. Just wondered if you had an inside track like pC01. Don’t go to any trouble. I am still invested here significantly though well underwater. Cheers
Hi PrivateRyan, Thanks for your good wishes. I am still a little shell shocked at the recent speed of events, but am hanging on tight for this white knuckle ride, still looking to accumulate (but only CAP-XX sub 3p), the returns have been better than anything else I have ever invested in due to the sheer numbers I accumulated early on. I thought I had read the explanation of Maxwells appeal on this board, but it may have been on another. I'll have a little sniff around this afternoon and see what I can find.
Way2l8 I Hope cpx does as well as your itm and Ceres power holdings. Good post. I wonder how you know? Thanks.