RE: Poacher turned gamekeeper?13 Jul 2023 08:20
Q. Supposing we had gone to trial and 'won' $750m in damages based on the vaunted 3x multiplier.....how much money would there be guaranteed on the books?
A. $000000000000000000
Instead we'd be facing years of legal wranglings as Samsung appealed. And there would still be risks at appeal.
Meanwhile we'd face more financial challenges, more loans in an increasingly expensive environment, or a rights issue(s) all of which would undermine the health of the company and our investment.
That's assuming we won at a Jury trial AND were awarded what we 'think' we are due.
We could say but we'd only have to wait for the commercial orders to come in but they are not guaranteed either.
No one has discussed the value to time and money recently but the settlement was always there as a possibility as BT often said - for fair value.
Of course everyone reading this knows all of this, it's just that some choose not to accept it. What people wanted was a $750m win and to sell their shares at the top and consider themselves the smartest investor in the world....whilst ignoring all the other ramifications of that 'win'