Member Info for annie1

Unless it's normal practice, I am surprised there is going to be a jury trial. Patent infringement is a mine field of legalities and I would have expected a Judge to decide on the case , not a jury.

Still waiting for an update on the statement below
From the chairman's statement
The Company has also recently acquired, at minimal cost, certain idle manufacturing assets that were located at a former contract manufacturer's site in Malaysia. These assets are being transferred to our current contract manufacturer's site and will be in operation in the second half of the current calendar year. The deployment of these assets and the acquisition of additional capacity will be critical to meet the expected increase in demand in the short to medium term.

Allenby is stating the proposed transaction cost is £360k and the total budget for this project is £3.1m. Cap-xx should also be eligible for increased R&D rebates but it will no longer have a licence with Mutara. Anyone know what happened to the equipment bought from Asia {not sure if that was the country} for about $1m and shipped to Australia supposedly to increase production a few years ago. At that time CPX raised money through a placing , similar to now. This transaction is win win for the company, they will have their yearly placing which keeps their bank account ticking over for another year. I still hold the shares because , like many I don't want to sell at a loss and am hoping positive news , like a takeover, will lift the sp.

It means Maxwell are saying Cap-XX have not added enough substance to their claim. At worst the judge will throw the case out (CAP-XX lose), at best the judge will allow Cap-XX to amend their claim.
Another option could be the judge will throw out the motion to dismiss as unfounded.

Agree with your comments. I hoped for some light at the end of the tunnel with the results, but as usual,poor sales, poor management performance and a share price that says it all. This company needs a change of management/takeover before it goes completely to the dogs.

Its a shame that an handful of people have destroyed debate on this site, No-wonder it has now become a ghost room. I will no longer be involved on a thread where the lunitics are running the asylum. This used to be a very good site a year or two ago but it has now deteriorated into a site for dimwits.

still here, nothing to say at the moment but hoping for a positive turn around.

Statement from the company in March -CAP-XX's immediate concern is the short term sales revenue position.
Where on earth has the $25m orders come from.

answering part of my own question it looks like the company has received $25m of orders, can you be more specific has to the period covered by these orders and where these ordres have come from. Surely everything should be hunky dory with that amount of income.

thanks for info, I am confused that Kongats has stated there has been 25million orders received by the company. That is such a vague statement by kongats, have you got any idea what he is talking about. For example where have these orders come from, are they ongoing orders from the year dot, does he mean $25m of orders etc. Any clarification you can offer will be helpful.

Thanks for update,what did you mean by AUD $25mm of 'orders' received, what does the mm stand for.

an update on their last RNS regarding the following statement
" immediate concern is the short term sales revenue position, and the Board intends to provide a trading update in respect of the second half of the 2019 financial year before the end of April 2019, once all relevant customer visits are completed and their short term order positions are better understood."

Patrick Elliot

Can you ask Kongats is the update in April expected to have some positive news.

Kongats can unilaterally turn down an offer for the company, the share holders make that decision.

concerned that Wales could lose to Ireland next saturday.

I don't think you are driven by greed at the moment. I tend to be driven by greed when the sp continues to rise and I want it to rise more and more.

The fact is cpx are concerned about their short term sales revenue position I read his as - the last couple of months their sales have not been up to scratch but they are hoping this will improve. We will know for sure before the end of April.

thanks for the clarification. Do you think the word concern in the rns is worrying.

you have left out the first part of the rns statement in your thread, the paragraph you quoted starts with the sentence below. The word concern is concerning.

In terms of the outcome for the full year ending 30 June 2019, although the Company's long-term sales pipeline is healthy, CAP-XX's immediate concern is the short term sales revenue position

I believe AK is not promoting the company because he has not got anything positive to say, such as new licences or increased sales. I don't think for one minute he has allowed the sp to be walked down to benefit the ii's. Personally I am hoping someone will put in an offer for the company.