PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Possibly, though I'd be surprised if that many people viewed the Cavendish note that quickly. 16% growth would mean quite a dramatic change in their business trajectory and if that were the case, they could cut back on spending more than is in the Cav note
Surprised by the share price reaction, though the lower price reduces my holding value enough to allow me to add more!
Trying to work out why people will have sold today. Current trading looks good - adding 11% more ACV than last year in a tough market. Will on course for profitability this year. Cash is no problem given they've stated that the remaining legal costs and will be profitable as well as cash balance + facility.
Only thing I can think of is whether people might mistake the +11% narrative and think that means that they're only growing at 11% rather than the new ACV being on course for 25%-30% growth?
Yes, looks like someone is being pushed and framing it differently. They have a CMO on the marketing team, and quite possible that they have this manager level under her here in the UK and an equivalent in the US
Can anyone also recall whether the Caseboard system updates in real-time, or just end of day? Even though court systems are quite old-school, you'd like to think that in the 21st century its an electronic filing system so updates real-time once an appeal is lodged and accepted.
Sycurio cutting it very fine if its real-time as I assume the Court's system would close at 5pm/6pm or similar.
1. Agreed. I spoke with the company recently and they wont be blinking at all
3. I think its quite possible that Livingbridge started all this as bravado. Back in 2021/2 they were in the process of merging some of their funds teams as investments were underperforming and they needed to cut costs. I had 3 people from their teams apply for a role in my team! Therefore I can believe that in 2021 they were having to sell their LPs that the funds were performing badly, but needed some good news...and part of that would have been around the aggression from Sycurio to PCIP...far better to do that rather than them having to tell their LPs that Sycurio was *another* investment on the list of underperformers.
4. I've spent most of my career in IP centric industries. Here, I can believe that patents are somewhat meaningless - might sound impressive to people on the outside but realistic they provide limited to no protection.
So just 3 business days left for Sycurio to appeal in the UK right?
Always assumed the appeal would come late given the need to prepare the paperwork. Does anyone have any experience of when these appeals are typically lodged?
Thanks
Going back to the original post in this thread, I'm not sure how appealing in the UK helps them in the US. A US court will make a decision on their own and even if they did look at the UK case and it was being appealed, they'd see that a judge has made a decision and the rationale for that.
If they do decide to appeal, it'll be interesting to see what grounds they come up with and whether its material enough for it not to be immediately dismissed. ChatGPT tells me there are 4 grounds for appealing:
"Yes, when appealing a UK court decision, the party making the appeal is generally required to specify the grounds for their appeal at the time of filing the appeal. This means that the appellant (the party appealing) must outline the legal or factual errors they believe occurred in the lower court's decision that justify the appeal. These grounds for appeal are typically set out in a document known as the "Notice of Appeal."
The grounds for appeal can vary depending on the nature of the case and the specific legal issues involved. Common grounds for appeal may include:
1. Errors of law: Arguing that the lower court judge made a mistake in interpreting or applying the law.
2. Errors of fact: Claiming that the lower court made factual errors or failed to properly consider the evidence.
3. Procedural irregularities: Alleging that there were procedural errors in the lower court's handling of the case that may have affected the outcome.
4. New evidence: If applicable, presenting new evidence that was not available or known at the time of the original trial and could impact the case's outcome.
It's important for the appellant to clearly and precisely articulate the grounds for their appeal in the Notice of Appeal, as this document serves as the foundation for the appeal process. The appellant's legal representative (such as a solicitor or barrister) can assist in drafting and filing the Notice of Appeal.
Additionally, there are often strict time limits for filing appeals, so it's crucial to adhere to these deadlines and follow the proper procedures outlined by the relevant court rules. Failure to comply with these requirements can result in the dismissal of the appeal."
Without wanting to be complacent, am increasingly confident that the UK part of this nonsense is over:
1) if you're Sycurio and are going to appeal, you would file immediately to do so rather than leave the opportunity for PCIP to market to current and prospective customers (and possibly Sycurio customers) about the outcome. We're now over half way through the period which Sycurio has to appeal
2) given PCIP were deemed not to infringe even if the patents weren't invalidated, there's limited value Sycurio appealing just to get the patents re-issued. The patents have limited value unless they're protecting ground for Sycurio to operate and keep competitors out...which evidently they dont if PCIP don't infringe. Therefore Sycurio would need to be confident of over-turning not just the invalidation but the infringement too...which seems like a massive hurdle to get over
One approach for Sycurio would be to agree a deal with PCIP whereby Sycurio drops the infringement case and PCIP drops the invalidity claim.
The might well have gone into this not realising the downside of losing patents (and income which flows from them) and even before you consider the downside from reputational damage.
Continuing to pursue this in the US seems suicidal from them!