Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Local St. Petersburg Deputies Urge Putin be Removed. From Kiev post. Believable??
https://www.kyivpost.com/russia/local-st-petersburg-deputies-urge-putin-be-removed.html
We tend to overlook the influence of Nano's lawyers on the eventual outcome. They are self-funding, and looking to recoup their costs, make a substantial profit, and enhance their reputation by winning a demonstrable "victory" in this landmark case.
When, in their opinion, this point has been reached, they may well advise Nano to settle, and Nano will probably have to acquiesce - they can't finance this type of litigation themselves.
As for the immediate future, I would guess that Samsung will make some pretty minimal "no-fault" offer to settle, possibly including nominal future licensing fees - Gilstrap will expect them to demonstrate "reasonableness" - but it looks to me, as a totally unqualified opinion, as though this is heading to Court (and indeed I hope so - Samsung deserve a public pasting!)
I think that S genuinely believe they can win this, aided by their lawyers who pride themselves on winning "unwinnable" cases. You can bet that they have all sorts of tricks up their sleeves, and the action may be much more close-fought than I think many on this BB may think . It is going to be fascinating.
But the weak point for S is their lack of morality - they evidently believe that they can obfuscate their way to a victory using expensively-hired legal trickery. And my take on Gilstrap is that he is not going to be fooled. And is prepared to feel insulted if S adopt this approach.
So, like most here, I envisage that Nano win the case, Samsung lodge notice of appeal - and then the negotiations get underway in earnest, with Nano threatening an embargo on ROW sales etc, and Samsung "finding" all sorts of grounds for throwing out the original judgement.
Which is where the lawyers start to find common ground......
Samsung's lawyers are Kirkland & Ellis, and they clearly fancy themselves....."We succeed at all stages of litigation, including pretrial dismissals, trial verdicts, and post-trial briefing and appeals. Drawing on a deep bench of world-class trial lawyers, Kirkland is unafraid to try and win the cases believed to be unwinnable — and our opponents know it. Our clients frequently leverage Kirkland’s aggressive approach and trial record to secure favorable resolution of massive products litigations..." They and Samsung seem pretty well matched.
IMHO there will be no early settlement - S are not about to lose face on this one.
Litigants - present & future - have to know that S will fight like a rat in a corner, even when, to a rational observer, its position seems hopeless. It has a reputation to maintain - perhaps not the sort of reputation which others might aspire to.
If N prevails, it would be excellent at so many levels - can't wait to see the film!
Hope you're right Feeks. IMHO, for what it's worth, S just play unthinking hardball, right along the line. It's not really a strategy, and it's not directed particularly at Nano, it's just their default position. Oppose, threaten, procrastinate. That's what their lawyers do. It works for them. It's about their wealth, their position in the market, and deterring others. I doubt that, even now, they regard Nano as more than a minor irritant. Their self-belief is overwhelming. Only a massive Court settlement is going to wake them up. But I guess they might swallow the minnow, if their irritation level rises. We're really not that important, in their eyes. Delusional, IMO, but there you are.
Banbury - debt for equity would be one way to go, but Co. can't apply to issue shares while they are suspended. So trading would have to resume, IMHO.
I have always felt that Morrisons are too heavily committed to let this go, so IMO it depends on the brothers. If they were just being opportunist, then they may walk away. But if it fits their business development strategy, then a possible bidding war and SP may have some value.
Or maybe both parties reach an accommodation, and carve up McColls between them. Interesting times.
If Morrisons offer to repay creditors in full AND keep McColls solvent, then it's back in play. Who would have thought it! Come on McColls!
Baffled by the RNS, which is relatively neutral, or even upbeat when it mentions the contribution from Morrisons FTG, until you get to that rather damning phrase about "little or no valuation can be attributed to the ordinary shares" from any financing solution.
Just wonder in what sense they are using the word "attributed"? A synonym would be "credited" - ie - financing solution unlikely to influence SP favourably. Hinting perhaps at a possible placing. I don't think they are saying that SP is going to zero! An unfortunate choice of words, methinks!
My guess is that UMMC will shortly be in negotiation with POG, seeking a sale of assets in repayment of the loan which they have inherited from GPB. Since they have them by the curlies I do not expect them to be generous.
Ex- Directors dumping shares??
Actually, SNG were not involved in setting up the SPRINTER trial. Their focus was always on home use (prevention of hospitalisation), and I can't see anything in the RNS that invalidates that approach, TBF.
Bought back in today. The home-based trial is the important one, and some of those secondary endpoints look promising. Don't think the Co. were that much interested in the hospital trial, where they were competing against a much higher standard of care than available at home. Prevention of long-term lung damage is surely the goal here.
Copper is credited with healing properties in Ayurvedic medicine, which should help sales.
Our shares were due to be consolidated by a ratio of 220:1 this evening @ 6.00 PM.
Didn't happen.
Dealing in the new shares was due to commence tomorrow.
Won't happen.
Total screw-up by our useless BoD. BiVictrix were foolish to trust them.
All LTH's walking tall right now.
Just thinking, but when the company delists shortly this BB may well be taken down. We might need a back-up site of some kind to share views on.
Fantastic result! The Company will now operate as a private unlisted company, like any other, and retains its residual interest in Iclaprim.
Surely we now need to get organised? A shareholders action group could be a first step, including, hopefully, the larger shareholders. We need to vote off the existing BoD, before they do further damage. My guess is that they may try to walk off with our residual interest in Iclaprim, in lieu of what they may regard as fees owed. They need to go, pronto, and we should nominate our own officers, via an EGM.
Just suggestions.........
I may be one of a small minority, but I am quite emboldened by the RNS. It seems that they have developed a new focus, getting rid of the loss-making Gyrometrics, and concentrating on the Nano-colloid, where Cave clearly knows his stuff.
I wonder when we will hear more about his new ideas, which they felt might be bigger than the masks.
The issue is whether holding 100% of our residual interest in Iclaprim is worth more to us than 3% of this new drug. Unlike the new drug, Iclaprim has been thoroughly researched and evaluated.
If - hopefully - the RTO does not go through, then MTFB becomes an unlisted private company, like any other. It would be open to us to vote off the old BoD, and take possession of the company records.
It would be interesting to see if they attempted to negotiate the best deal for shareholders, having received quite a number of expressions of interest. Or did they just negotiate for the best deal for themselves?
Halifax don't make it easy - you can phone tel:03457225525 or via online chat. Too late for post. Good luck