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Damnit. Ah well, can't win em all. Thankfully, I didn't ever put much in here. Hope no-one else did either.
Just spotted this .."DDD Group announces intent to enter into formal insolvency process" It looks like the end is nigh ?
Just noticed this announcement "DDD Group plc announces that following the closure of the company�s US operations announced in August 2017, Mr. Christopher Yewdall and Ms. Victoria Stull have resigned from the board of directors of DDD Group plc and its subsidiary companies effective immediately." So what might happen next?
18 December 2017 DDD Group PLC DDD Group announces dismissal of lawsuit DDD Group plc announces that its Dynamic Digital Depth Research Pty Ltd subsidiary has dismissed the patent infringement action against LG Electronics. The dismissal is subject to an agreement between the parties, the terms of which are confidential. About DDD Group DDD transforms the visual experience. Its advanced imaging and TriDef® solutions are licensed by leading brands including Samsung, ASUS, Gigabyte and MSI for use in TVs, notebooks and PCs. Over 58 million 3D products and over 4 million 2D products have been shipped by DDD’s licensees and affiliates worldwide. For more information please visit www.DDDgroupplc.com.
247 misc Report of Determination of Patent/Trademark Action (CLOSE) (AO 120) Fri 4:15 PM REPORT ON THE DETERMINATION OF AN ACTION Regarding a Patent or Trademark. (Closing) (mrgo) Att: 1 Dismissal Order 246 order Dismissing Case Fri 1:35 PM ORDER DISMISSING ACTION WITH PREJUDICE by Judge George H. Wu, re Stipulation to Dismiss Case245 . Please refer to the Court's order for additional information. (Case Terminated. Made JS-6.) (cr) Further awaiting outcome
Well it looks like settlement might have been reached and probably both side agree to dismiss the lawsuit..........as you say.” await the outcome".
Appeared yesterday: Joint STIPULATION to Dismiss Case pursuant to FRCP 41(a)(1)(A)(ii) filed by Plaintiff Dynamic Digital Depth Research PTY LTD.(Whitehurst, Alan) Await the outcome.
MINUTES OF STATUS CONFERENCE held before Judge George H. Wu: Court hears argument re settlement disputes. For reasons stated on the record, the status conference is continued to December 18, 2017 at 8:30 a.m. Counsel are advised the status conference will be vacated and no appearance will be required provided that a Stipulation to Dismiss, with a proposed order, is filed by noon on December 15, 2017. Court Reporter: Katie Thibodeaux. (cr) Continue to Create Account
minutes Status Conference ~Util - Set/Reset Hearings Tue 9:50 AM MINUTES OF STATUS CONFERENCE held before Judge George H. Wu: Court and counsel confer. Settlement is being finalized. The Court continues the status conference to October 16, 2017 at 8:30 a.m. The parties are advised that the status conference will be vacated and no appearance will be required provided that a Stipulation to Dismiss, with a proposed order, is filed by noon on October 12, 2017. Court Reporter: Katie Thibodeaux. (cr)
I think some posts/threads have been removed here... was something regarding the legal wrangling due to happen on Monday? (October 2nd)
DDD Group announces restructuring Los Angeles, California: DDD Group plc, the advanced imaging company, announces that it has undertaken a restructuring of the Group following delays in the shipment of the Group’s TriDef SmartCam and TriDef VR software by two significant affiliate licensees. Forecasts prepared by the Group assumed that shipments of both products would commence during the second quarter however delays in the introduction of the licensee products with which the software will be shipped has a corresponding impact on when end users will be able to complete their post evaluation purchases. While both licensees have confirmed that their shipments will commence during the third quarter, the delay in revenue prompted the board to act to restructure the Group pending the revenues from these and other licensees reaching a suitable level with respect to the operating costs of the Group. Consequently the Group has implemented a round of layoffs that impact the Group’s technical development team in Perth, Australia and the marketing team in Los Angeles, California. The Group continues to sell its TriDef SmartCam, TriDef VR and TriDef 3D software apps from the TriDef.com website along with the UPix apps on the Google Play store and the Apple App store. In addition, the Group’s affiliates continue to offer TriDef SmartCam through the pre-existing license agreements. As a result of the restructuring, the Group will be closing the Perth, Australia office and is planning to vacate the office in Los Angeles. In view of the closure of the physical offices, the Group has moved its information technology infrastructure to the cloud to enable the ongoing operation of the various subsidiaries. The Group has also withdrawn the legacy TriDef 3D Mobile apps from the Google Play store due to a continued slowdown in demand for stereoscopic mobile applications that has been previously reported. The Group may require additional funding within the next 12 months if the delays in the affiliate revenue persist or a change occurs in the market. There remains uncertainty that contract negotiations will be finalised or performance will be as expected. If there are further material adverse variances against the Group’s forecasts, the Group would need to implement additional mitigating actions to manage cash resources.
Thank heavens for that shylock, you've given me a glimmer of hope for a 'pay out' at long last. Please keep up the posting here - much appreciated! Thank-you
As always shylock, thank-you for the update. Might this year be the turning point? "PC licensing affiliates "will significantly increase the distribution…during 2017 to tens of millions of units," An early 'out of court' settlement hopefully!
Thanks anyway shylock, yes it might well be a good sign. Still keeping the faith.
Good spot shylock. Are you able to post the script, unfortunately the link requests subscription. Thanks
Shylock, my shares are still with Sharedealactive - they seemed to say I can keep them with them and when ready they can sell on my instruction? Who (or what) are FBT by the way?
A rather 'curious' raising. Not so much the raising but the level it was done at. 2p a share??? Yet there are peeps offering to sell at 0.5p??? What do you make of that Shylock and anyone else still posting here ...
Hi Folks, just came on board to see what the take is on this placing at 2p and sae this thread. I have my shares with Sharedealactive which is on the Jarvis platform. I havent checked since but they said they could trade the shares as and when I was ready. Just letting folks know....
Good to know Shylock - this is firmly tucked away in bottom drawer at mo, so not easy to follow.
Thanks for updating - I come in here to see what the latest state of play is. I say that so you and others know I am (and likely others too) are coming in here to read and check up!
Nice pick-up on the schedule ....... its like watching paint dry rofl :)
Anyone not got the link to get shares in LG, use the link below and scroll down a few. Click just under the DDD logo for the latest. The next Auction (they are every 3 months) is end of November. Shares on offer at the Auction are shown on the screen. You'll have to do some digging to make a bid et al, instructions are there - Bids are made by "sealed bids", do make sure you do your homework on the process, "Matched Bargains" is not the most user friendly process on the Planet .... :) ...... nor is it the fastest. If you want to Bid, dont hang around, sooner rather than later - but only you can make that choice. http://assetmatch.com/app/OurCompanies DDD Screen: http://assetmatch.com/app/OurCompanies/CompanyProfile?companyId=1460 Doubt the small lots shown at present will be around if this all gets sorted aka 18 Nov+(ish) at the next Court Meeting ...... lap of the Gods .... might even find more "Sales" popup if this continues to drag on .... I have no idea, your guess is as good as mine on that front :)
Thanks for posting this - I am a holder and left this 'in bottom drawer'.
Zydor & Shylock - Well done for bringing this to the fore! The future's full of possibilities. :-)
The Court - in effect - ruled LG out in the Markman Hearing. As the Markman Hearing's purpose is to outline the pertinent points of law relating to the case, overseen by a Qualified Trial Judge (no Jury). For LG to proceed further would be crazy, now they have been ruled against - they are almost certain to lose now if it went to Full Trial. If a Company would go bust if they lost, you could understand them fighting to last; but for LG this is - in effect - small change in the Cash column, they will not even feel a bump rofl :) This might - at last - come to a conclusion in the relative near term ..... that would be nice :)