Convertables and court case!28 Dec 2016 13:57
Hello Folks,
I trust that everyone has had a great week and plenty of food and drink with friends and loved ones!. I went back and read that it is tomorrow that AMP can excercise these convertables and this would be really great! I wouldn't be surprised however if they don't sell some in the next few months to keep things ticking along until some monney comes in. Either way it is great for all of us here.
As far as the court case goes (and I am not a solicitor) but as this matter has had favorable outcomes the last two times and this is a patent issue, it AMP would have patent insurance in place (you would like to think school boy 101) and with this said it would not surprise me if this does not go to court at all and settles before it gets to that.
The only time that I have seen cases drawn out by the opponent is when it is really a race to see who has the deeper pockets.
However, if this goes to court and AMP wins it would be very very expensive for the other side. Watch this space as I would imagine that this will be settled. It would also be in AMP's interest to settle if these people offered enough (I would think) as this pending court case is financially draining and is suppressing share price. but either way as long as it is a favorable outcome for AMP, then we'll see a huge surge in this penny stock. I might be an idiot, but if this goes our way as well as positive P3 data for MTFB, is it realistic to see a 25-30p share here?