RE: Bottoms Up25 Jul 2016 21:23
So does this mean that there will be a final decision tomorrow, or just more delays and incomprehensible legal speak?
And if they get the decision and recoup losses/expenses etc there`s every chance that they won`t disclose how much they won, so whats that going to do to the share price...45p resistance at best!
Don`t get me wrong, because I got caught holding shares in this illiquid baby, but I would prefer 145p...that would give me enough profit to walk away with a smile and put it down to experience (ie, don`t buy illiquid shares, ever again).
But I think that is years away, the litigation proceeds, if successful, are not going to be in the mega millions. My guess is maybe $1m ???? maybe a little more, and with a current market cap of �1.5m its not likely to go into orbit.
What they say in the results out on 8/8/16 will be more important IMO as to direction and future timetable.
Feel free to correct me on my guesstimates and opinion if anyone is holding more detailed information about the company, and by the way, its nice to see more than one person adding to the (one man) discussion!! Maybe there is finally going to be some movement upwards with the now mediocre volume of shares traded rather than the utterly abysmal non event that usually shows itself, but guess what...I won`t be holding my breath for too many fireworks!
And Me