Member Info for JimmyW

Good news. Agree....interested to know how they have come to that figure? Unless, we have a provisional settlement agreed already which is to be formalised at the hearing? What are the implications of the loan being secured against the Yourgene business?

A deal is only possible if illumina actually want it themselves. They may just want to take the damages and have an injunction placed on IONA in those markets where they have valid patents. There is no obligation for them to license. That's not to say they won't but there is nothing to suggest they will either. So us shareholders remain completely in the dark and that's what is most wrong here.

Waiting for the outcome of this hearing which determines whether we get right to appeal and interim payment amount for damages, is like waiting to hear from the supreme court if you are to be granted a last minute stay of execution

Why is there a general consensus that we stand no chance of winning the appeal? Before, the verdict the general feeling was that we would win. I questioned this at the time and now I feel the same about assumption that we would not be able to win at appeal. TBH I understand very little about the patents which are being disputed but i do know that these sorts of rulings are often overturned on appeal. If the BOD really does think the judge got it wrong then i would back them pursuing the appeal if we are able to be granted it........at the very least it would allow us to build up the 80% non UK business.

Can see why they waited so late in the day before posting this. Very gloomy indeed with the admission that they are uncertain we can continue as a going-concern. Not sure who in their right mind would invest in this now.

Madness! What is it that the market is looking for which the results have failed to deliver? What is it that we have all missed but others can see? I just don't see how the results can be any more positive all round and thought the �10+ opening price was well justified.....shows what i know!

Superb. Casino much bigger than ICA. That said maybe ICA will still happen as well.

Surely it has to be the case that they are very close to announcing a big deal finally......no other reason for this sort of bounce back. Do we dare to hope for some news this week?

Are you sure about his strong support for noRth korea?

I agree. Delaying to diversify was clearly done on the expectation that we would lose and to give an extra year to build the business outside of Europe. I don't blame the BOD - would have done the same if in their shoes. It's a pretty big problem if you are a one product business and it becomes apparent that the product has infringed patents in your primary market!

I'm disappointed but not overly surprised. Was a 50/50 call and I never did understand about where the optimism over a win was coming from. Rather than cut losses I am going to hold and let this play out over the coming months. If we can survive the litigation and damages costs then there is a decent business here even without any revenue from the UK.

MetacoM - can you explain please? Why does Goldman increasing their stake drive the price down?

I don't understand where all the optimism regarding the court case and share price is coming from. The general consensus seems to be that we will win the case and even if we don't SP will still rise on the basis of removed uncertainty. I don't get how these conclusions are reached and it seems to me that we are all very deluded (and yes, i use the term we as i also sit here dreaming of a positive outcome and a return to 30p). Illumina are litigious and have lost claims in the past but that has no bearing on our case. The truth is that if there was a strong chance of it being up at 30p or even 50p then why aren't investors ploughing in.....the downside risk is relatively low but upside is huge. And the sad answer to that question is we have all backed a horse that promised much but has not delivered and is ultimately lame. If we hadn't invested already we would be saying that it's time for a trip to the vets but as we have we hope for a miracle instead, some with more delusions of it occurring than others. Hope I am proved wrong I really do.