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Aries are trying to claim infringement on technology they acquired in a bankruptcy auction. The equipment/patents were acquired in 2014, which claim to “invent” technology that EQTEC has been selling since 2005. What we don't is the date those acquired patents were filed. Regardless of what we know or don't know, today is the last day Aries can take action. If they were serious about the claim my guess is that they'd have submitted it by now.
I've worked with patent experts in the past, they told me this kind of thing is very common. It’s called patent trolling (look it up). People buy dying companies just to claim the patents, and then go after competitors and try to sue. Personally I think Aries would be laughed out of the court room.
Claim RNS: https://polaris.brighterir.com/public/eqtec/news/rns/story/ry1go8r
EQTEC Response: https://polaris.brighterir.com/public/eqtec/news/rns/story/xl63vpx
Garry, think in terms of shares instead of price. The more shares you have the higher your potential return should the share price keep going up. This is why people short sell, so that if the price falls they can buy back a higher number of shares for the same capital. The downside with short selling is that the loss is potentially infinite since the share price could just keep going up indefinitely.
I find that it helps to set yourself an exit point, and stick to it. This eliminates your short term trading emotions. The stock might keep going up after your exit point, but if you've set an exit point that you're satisfied with then it doesn't matter. You can't be too greedy. We've already seen it today, lots selling at 1p. Just 18 days ago this was trading at 0.5p. That's a 100% profit in just under 3 weeks! life changing to many.
I'm not worried about it personally. I can't find anything in writing about the 10th December though (maybe someone can help).
Just read this: https://polaris.brighterir.com/public/eqtec/news/rns/story/xl63vpx
"The exact EQTEC gasifier pictured and discussed throughout the infringement claims in Aries' Complaint was first sold by EQTEC Iberia in 2008 and is virtually identical to an even earlier EQTEC gasifier, originally sold in 2005. The Letter also discusses evidence that Aries did not invent any of the asserted patents but instead acquired them in a bankruptcy auction for US$140,000, a package that also included other plant and equipment. That bankruptcy auction was in 2014, nine years after EQTEC Iberia sold gasifiers that predate all of the asserted Aries patents."
Aries claim seems to be almost a joke. The downside is that it 'll take up valuable time and money to defend (if Aries even bother going through with it).
Billingham is a step toward profitability. Generally this will increase investor confidence and the share price should increase gradually over the next few years (excluding other news). I think we'll see a spike when the Billingham news rolls out due to the hype around green stocks, my guess is that she'll settle between between 3-5p. But let's not forget that we could also be given another extension. While that would spoil Christmas, I don't think it would drastically affect the share price because people know that the news is coming... whether it be next week or early next year. Whatever happens it's an exciting time to be invested here at these prices.
They're clearly preparing for rapid expansion, its blindingly obvious and makes me very confident about holding long term. Palumbo has proven himself this year, and now with a COO to help out he has more time focus on networking, signing new contracts and closing existing deals. With tax on waste likely to increase, it's only a matter of time until other companies are begging EQTEC for this technology. Expect exponential growth next year.