RE: Samsung in a sticky situation..?5 Mar 2020 10:58
That’s pretty much how I view it Mr BWM. The bounce that many expected has not happened, in fact we are falling back and currently down over 4% on the day. The market has us pretty much pinned down for now.
If a buyer comes along then great but I don’t think it is a certainty. And Samsung has contested (and delayed) all litigation to date, so unless risk of NANO falling to an adversary is sufficient to change its view, we should expect more of same.
If NANO wanys to win it needs to become a going concern business, which means more orders from Wah Hong and Careware and hopefully new ones too (possibly even Apple).
Litigation with Samsung can run its course independently and if we win, I am confident the courts will view Samsung’s actions in a very poor light and award significant damages.
In the absence of a purchase or deal the next step as you say MR BWM is to sort funding out. However, yesterday’s self inflicted wounds might just just be the excuse needed to dilute existing shareholders to much smaller holdings when it arrives?
One way or another, the PI’s have been worked over, again.