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At the end of the day we are in the blue
A pretty obvious buying programme today. This time last week, we were about to have a 100% pop. More of the same. Someone knows something.
Thats it less of them negative vibes .
If someone is worried about the WGP patent, it would be cheaper to settle and just pay the licence fee (the first will get a huge discount as they help set a precedent). That is also the best for us in here as the SP will rocket for very strong and legitimate reasons. But I see no reason for a worried company to go through a convoluted route and even if they did, undoubtedly would approach via a corporate finance house rather than a pre-revenue company in the crowded tablet market. My theory is that OMT have good legitimate grounds in their own right and it fits their future strategy (the product looks good and it seems to fit) but might have been thinking £2-4M not £20M. I would imagine the 23p to 57p pop in 24 hours was an unpleasant surprise! Also, WGP have had the US patent since 2001 (dated to 2000) and still have no patent licenses at all in US since then despite millions and only 8 years of the 20 left. Their exclusive patent licensor, Quest (see QPRC) haven't updated their website since 2009 and have no revenue listing from patent wins at all (that is their core business - getting patent licenses for companies like WGP). And they've had Worldlink since 2008 and still no joy. Worldlink quoted this in the 2008 Funding Round Prospectus via the now defunct Arc Equities (nice glossy though); "over 100 companies infringing". They also stated in 2008, 2009 and 2010 that they are about to close the door on the first of the patent infringers. They also stated in 2008, "£100M of potential patent royalties". 5 years later, £0 achieved, 8 years left. Please Mr Riches, if you are reading this, get a bloody license no matter what it takes. Stop messing around with Ramsgate FC and their 200 person weekly attendance and go and win Esignal Quotrek already. How hard can it be if the patent is strong? They are owned by Worldlink's main partner, IDC! Pick up the phone and call your IDC contacts and get them to license, put up a big PR campaign and you'll be CEO of a £severalhundredmillions company.
What if om are acting on behalf of a big company who are in a mess if we can prove our patent
That would make sense all round if that was the case. WGP management leave (probably knackered push it forward all these years) and motivated OMT execs take on the new combined venture and go for the big one themselves. There was a consensus in here that the OMT approach seemed to make good sense from their perspective and would maybe take it down a different route than out and out patent licensing. I don't think the merits of OMT or their rationale are as much the issue as whether they can a) afford it or b) were thinking of these sort of numbers when the WGP market cap has been £2-5M for most of Dec/Jan (other than a 3 day spike). Even at double the highest at the time (say £10M) you have to factor in £3.8M of WGP liabilities on balance sheet then the dilution effect of their convertible loan notes etc and maybe even at £10M, the net for us is still only 25p per share. £20M offer maybe get up near 70p though. If there was an LSE rule that stated companies must be able to prove they can afford the current market cap before the RNS can be released, we would all be safer. The merits debate has been somewhat overtaken (and suspicions greatly exacerbated) by the actions of XCAP which lucky and pied emailing about.
I think they may act on behalf of a company that may want to buy into a company, but remain ?
Heroes. Good luck, looking forward to seeing outcome. Fingers crossed we all make profit (and ideally without other retail investors left holding the baby).
Should say always on "answerphone" during working day.
A lot of in depth was done as far as possible by several people.See posts. Anyone can list partners. Those partners don't list OMT. Also, no trace of funding, listing, planned listing, any vc or private equity announcements, and they are pre-revenue and their product cannot be purchased anywhere. No news about themselves either. During working day every day, they are only on and never pick up. They have ignored emails from several parties. Oh, and their office is a room above a pay day loans shop in a run down road in Chicago. Might have £10m plus lying around though.
I suguest looking a bit deeper than that, at the actual structure of the company not the building re who are the partners ect
Have you looked at the OMT office on Streetview? You can zoom right up to the door. Also try calling them and see what you think. Not convinced they have £10M plus of spare cash available but hope I'm wrong. Take a look back through my posts (and various others from bubbabinksi etc) to see our concerns. Remember though, a pessimist like can only ever be positively surprised! Regarding the RNS, the whole point is to release the information in a uniform compliant way surely otherwise people have an unfair advantage.
How do you know the market does not already know. also i believe that Om have quite good credentials.
By telling you of an impending RNS (before the market knows) and done it via email, he has given you 'inside info' and if the stock pops from it, there is an evidence trail and quite possible a bigger FSA issue than you mentioned to start with! You couldn't make it up!
Doing it now
have just re-read your email to Neil Riches and you are my new hero. You and branno (anti-ramper paladin) :-)
Not single but apart from mandatory viewing time with Judy Judy and Jeremy Kyle, I have a fair amount of weekday daytime to potter about and comment on various stocks (though only this stock and LSE in general using "Inktomi").
Quality email! I think you got an answer because they only have 2-3 full time employees. Love the FSA comment, you should do it.
you must DYOR
i am but was going to buy more. and first ive heard of the proposed bid. thanks
im new to all this, so would you recommend buying or selling?
Welcome back. I was going to do the same and contact WGP. Let us all know if anything said.
r u single.......xcap released another rns note re holdings earlier today and yes i think someone is filling up too.
A programme of buying/large order fulfilment going on. wonder what they know? we about to get another Friday big upward spike?
Rising.