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Friday 5 June 2020 - Gap Inc has revealed a $1.2bn operating loss in Q1 of its 2020 financial year, due to the impact of the pandemic.

Possible Buy For Boohoo?

https://www.bloomberglaw.com/public/desktop/document/Cap_Xx_Ltd_v_Maxwell_Techs_Inc_No_191733CFC_2020_BL_206457_D_Del_?1591379869

Judgment in full for denying Maxwell's motion to dismiss

About 3.9 million Boohoo shares changed hands today which is bu**er all in Boohoo shares.

More from the CAP-XX v Maxwell Court Case:-

CAP-XX has been developing electronic devices, including supercapacitors, for the past few decades. It has distributed and sold those products in the United States and elsewhere in the world during that period. Its supercapacitors are commonly used in wireless applications, such as, wireless sensor networks, personal digital assistant devices, mobile phones, and compact flash products; and in consumer product applications, such as, eBooks, toys, digital music players, notebook PCs, and digital still cameras. It has also offered supercapacitors for sale in connection with automotive, medical device, metering, and industrial handheld terminal applications.

Maxwell has been making, selling, offering for sale, and/or importing products into the United States that infringe the Patents-in-Suit

From the CAP-XX v Maxwell Court Case:-

U.S. Patent No. 6,920,034 (“the ’034 Patent”), titled “Charge Storage Device,” was issued by the U.S. Patent and Trademark Office (“USPTO) on July 19, 2005.

U.S. Patent No. 7,382,600 (“the ’600 Patent”), titled “Charge Storage Device,” was issued by the USPTO on June 3, 2008

The ’034 Patent and ’600 Patent are referred to herein collectively as the Patents- in-Suit. The inventions described and claimed therein were developed for use with electrochemical charge storage devices, commonly referred to as supercapacitors. Such capacitors may also be referred to as ultra-capacitors, electric double layer capacitors, and electrochemical capacitors. The Patents-in-Suit claim charge storage devices with certain features, as discussed further below, that were novel and patentable improvements over the existing devices known in that field of technology in December 1998, when the provisional application for the Patents-in-Suit was filed.

CAP-XX owns all rights, title and interests in the Patents-in-Suit.

figure of merit - a numerical expression taken as representing the performance or efficiency of a given device, material, or procedure.

Volumetric FOM (figure of merit)

Gravimetric FOM (figure of merit)

No doubt Boohoo Group have a number of brands on their radar list. They are excellent at buying brands cheap, integrating them and making them profitable in short periods of time. Yet another one of their great strengths.

For me, the Boohoo share price has dropped back like it does until it gets over the 390p and holds - this is normal for the Boohoo share price to take a while to get past a price and hold. It goes up past the price, drops back a bit, does that a number of times until it gets up past the price and then holds and then the same will happen getting to 400p and holding.

Mozax - another negative poster trying to manipulate the boohoo share price.

Another one to filter if you don't want to be manipulated by such negative posters.

Looks like you Mozax are another one hoping for the Boohoo share price to go down so you can buy in. Another one trying to manipulate holders into panicking and selling. The evidence is there in your past posts.

Mozax - do you mean Merian. If you work it out Merian sold 4 million shares on 29 May 2020 and still hold nearly 135 million shares, 4 million shares is minuscale i.e. bu**er all.

The beauty about Boohoo Group is that it has a different management and design team running each brand - Boohoo, BoohooMan, Prettylittlething, Nasty Gal, MissPap, Karen Millen and Coast. So it's easy for them to integrate more and more brands.

In case you don't know Inditex. Inditex is a Spanish multinational clothing company headquartered in Arteixo (A Coruña) in Galicia.

Inditex, the biggest fashion group in the world, operates over 7,200 stores in 93 markets worldwide. The company's flagship store is Zara, but it also owns the chains Zara Home, Massimo Dutti, Bershka, Oysho, Pull and Bear, Stradivarius and Uterqüe. The majority of its stores are corporate-owned, while franchises are mainly conceded in countries where corporate properties cannot be foreign-owned.

Gap was already a troubled retailer before the COVID-19 pandemic struck, and after nearly two months of store closures, it is even more so.

The Gap, Inc., commonly known as Gap Inc. or Gap, (stylized as GAP) is an American worldwide clothing and accessories retailer.

Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates six primary divisions: Gap (the namesake banner), Banana Republic, Old Navy, Intermix, Hill City, and Athleta. Gap Inc. is the largest specialty retailer in the United States, and is 3rd in total international locations, behind Inditex Group and H&M.

I read recently that GAP may be having problems so could be a possible for Boohoo to buy.

From the Judgment made on 14 May 2020 for CAP-XX v Ioxus

Plaintiff (CAP-XX) shall file any application for default judgment within forty five days of filing proof that the Clerk’s Entry of Default has been served on Defendant (Ioxus).

The Court will schedule a hearing on Plaintiff’s Application if necessary.

gogsy1979 - I think Catto said that was achievable, i.e. the double digit growth predicted by analysts. I'm guessing growth up to 20% too and anything over will be excellent.

From the Judgement itself:-

With respect to the first argument I find that CAP-XX has pleaded facts plausibly establishing that the accused devices meet the claimed FOM values.

and later in his Judgement

Accordingly, CAP-XX has alleged facts that plausibly establish that an accused Maxwell product meets the limitations of the additional claim. And therefore it has stated a claim for infringment of the additional cliams of the 034 and 600 patents.

For the foregoing reasons I will deny Maxwell’s motion to dismiss

It is the legal teams who do all the negotiating and never the CEOs. These are always slow progress cases. There will be negotiating going on in the background. Figures will be offered. Figures will be rejected. It's a cat and mouse game and will take months and months.