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Very good points there. It's a shame Worldspreads didn't licence it for their own mobile platform. I still think IDC is the one to get because they own Esignal and Quotrek. WGP are partners to the company that own the biggest and most advanced mobile financial data company in the world which would provide a hugely powerful platform for both US and UK patents. It is so incredibly frustrating that they have not been able to close it over the past 2-3 years but haven't given up hope...yet. I suspect these are the $8million infringers WGP talk about, no-one else is even a decent proportion of Esignal/Quotrek's size.
I think it just shows the City Index are unsure about the patents (like many others). why would you pay out a huge amount of money to/for worldlink if thats the case. You might as well pay a relatively small amount extra and go to court. I'm sure it would be different if there had already been a test case. shame Worldspreads has gone, as they are the only spreadbetting company I've seen that said the patents were valid..............but that might just of been PR speak :)
I suspect after a year of letters, official letter before action etc, City Index are clearly not bothered or interested. Nothing of significance happens until WGP SERVE the notice. So far, all they have done is issue/list the claim. They will have 4 months from when the court seals the claim to Serve it which is when the case is real. At that point, WGP cannot withdraw from the case without Court permission and paying City costs (and all costs from that point become valid for both parties). It is also when the patent is genuinely on the line for invalidity action. My guess is it will be considered another bluff until it is properly served then you might see some action.
is no more than the current market cap. If City Index were bothered about the litigation, they could merely buy WGP ....then they own the patent...job done.
At least they are only doing white label stuff at the moment, so the main risks are taken by other companies. Which is probably for the best when you see what happened to Worldspreads. I can't see that making too much money, though. I mean, how much does just introducing someone to another company actually make? I guess it works if you have a good brand name (which they don't) The Mobile apps for Betbulter and Chryson sound a little more promising. It Will be interesting to see what they are like. Betbulter next month? however, as we all know, it is really all down to the patents anyway. So all this other stuff is just noise. hopefully they can get these cases done this year....or some settlements and we'll know if they are the real deal.
Worldspreads - administration, Arc Equities - administration, Bridgehall Brokers - administration, Capital Ideas Plc - administration, Quest - looking very dodgy indeed, QED (who wrote the patent valuation for WGP in 2008) just showing a text page with a mobile and CEO has left to join...Worldlink. I suspect Ladbrokes and IDC are safe though but XCAP must be looking over their shoulder! I think the Share Price is showing remarkable resilience at this level though. I am expecting the Annual Accounts to get released on a Friday after close with a Monday morning pre-market RNS to shore it up. You read it here first.
yeah, it was a deal done with Worldspreads a while ago for the i-mobile app, but I don't think it was too successful (surprise surprise). Soon after they change the focus of i-mobile to the free version (as no one wanted to pay for it) and went down the ads/Jarvis sharedealing route. Worldspreads didn't even get mention in the prospectus, so I believe it didn't really go anywhere. Worldspread released their own mobile app and as you say, WGP are using Saxo now. In any case I really don't think many used it. Probably the most effect companies are the like Ladbrokes and victor Chandler.....but I guess they'll just change to using someone else.
Of pump and dump.... Its amazing...and this is a FTSE quoted operation...
Just gone into Special Administration with thousand of clients expected to lose money. The FSA have warned there could be "shortfall in the client money accounts". I think Worldlink were just a Appointed Rep or Introducing Broker so hopefully doesn't hurt them and maybe the Saxo one can pick up the slack. See: http://www.worldspreads.com/default.html and http://www.worldlink-data.com/web/partners.php
The good news is some decent RNS releases this week and last. You never know, a patent settlement might be round the corner.
This is from EuroWeek magazine dated September 29, 2000. "Worldlink IPO before year end as mobile data takes off" "Worldlink is banking on its unique technology getting investors' attention when the company lists on the LSE toward the end of the year..." "...IPO is likely to raise around £70m of new money and the company should have a market capitalisation of between £120m and £130m on listing, according to Neil Riches, managing director of the company." This was 11.5 years ago. ps. If WGP go under, you will find that the Preference Loans in favour of certain people (5% and 7% preference) are the highest level of precedence which will enable them to cut a deal to get the IPR off the Liquidator. That has been the MO the last two times. pps. let's give them a chance on the numbers. they announce in less than six weeks so if revenue is £1M+ or even high hundreds of thousands for 2011, all is forgiven because they would have proved themselves with real results.
Might be people with negative sentiment in here yes but there are DEFINITELY people in here that do not want anything negative said and fire it down irrespective of the content. The arguments used for positivity are the same arguments originally used in WGP's favour by the now negative people before they got burnt. That is why this Board is often argumentative because many think history is relevant ("what does history tell us"), others think it irrelevant. Dismissing irrelevant history is fine but dismissing relevant history is foolhardy. You know, some people regard WW1 and WW2 as two events. Others regard them as a single linked event. Either way, if someone has a history of doing something, of saying certain things, of acting in certain ways, which result is negative outcomes; being aware of this when they 'look' like they are doing it again is not irrelevant. That is not to say they are necessarily guilty a second (or third) time or that the same outcomes will arise, just that caution is required and a willingness to know the facts even if your own judgement then dismisses it (which is every person's right). People pointing out that they might be doing the same thing again does not mean they have an agenda except maybe to stop other people being hurt the same way (or they are the bravest Short traders I have ever seen!).
There are other research notes. QED in 2008 valued the Worldlink patent potential at £17M. Commissioned by Worldlink.
tell me what was my agenda? there is an rns today WGP I posted it I responded to bases post with 17p is a long way off of the broker target... which bit of those 2 statements are not a statement of fact?
yes i've noticed that with LSE too - there is plenty of information out there - LSE does an awful job of providing it.
I have no agenda either ...except I dont like seeing people fooled and loosing money. Just look at the headings above..... WGP Fundamentals....there are none WGP Financial Diary..Nothing WGP DirectorsDeals...No information This must be the only FTSE Standard List Company with such a pacity of information. Yet they trumpet a deal with a tiny football club as if its a major issue. Extraordinary !!
i'm not a "respected" poster like you - you bought in much higher without doing research but you are a "respected" poster... my agenda today is as follows 8,30 am tea and shreddies for breakky 11am coffee and biscuits 1pm cheese on toast for lunch 4p tea and tiffin 7pm either (havent decided) Chicken Bhuna and a garlic naan OR Chicken cashew in yellow bean sauce and if i'm good i will be allowed to stay up and watch tv after 9pm
u2 whats the need for this?
there are no "respected" posters - only people who have an agenda. I learnt that all on my own.
what ramp the brokers note gives them a 250p target RHPS gave them an 800p target please find me some other "research" notes available as those are the only ones out there
Luckyles is a respected poster m8,you should take note and caution-BUT dyor................... GLA
not many sheeple left - all run away this month
i think all 3 of us know there are ppl like that out there and they do buy blindly, feel sorry for em cuz most of them get caught out along the way but hey u cant help everyone
mate allways do,dont get me wrong i aint got thousands in here only 1200quid which i can afford to lose but can also afford to wait over a year if i have to
erm shouldn't you do that on every stock you buy?? do you think people buy shares without doing any research and just hop on blindly the momentum bandwagon??? people cannot be that stupid - surely