RE: Stock price14 May 2024 16:37
Ducem - Lars could have withdrawn the case. he saw fit to pursue it. Or are you assuming he had to do whatever his predecessor had set in motion regardless of the possible outcomes? Legal advice was obviously not up to much. It's water under the bridge now anyway and the damage has been done.
ok sorry that wasn't clear. one patent infringement action taken by CPX against Maxwell (wholly owned subsid. of Tesla) and then one patent infringement action brought against CPX by Tesla - from a previous RNS - 'Further, separately, CAP-XX has been advised that Tesla has recently lodged a complaint against CAP-XX in the U.S. District Court, alleging the infringement of two patents by CAP-XX.' That's two patent infringement actions. One brought by Cpx and one brought against it.
Whatever, they were both settled but have caused enormous damage to CPX and neither should really have been been necessary. management's responsibility?
BAH I agree with Cooley involved here things could get interesting but I wasn't suggesting he wants to take over CPX though, just that he's protecting his investment here by building his stake to over 10%. He's actually helping protect all our investments here. I also agree that nothing will happen today, tomorrow or next week, no matter how many ramping posts are put on this bb suggesting .1p today! It was only two weeks ago posts were popping up confidently claiming the sp was going to go up 400% very quickly. Patience and good luck to those who can stay the course. Would love to see a sale of CPX but am personally inclined to think the sp will stay where it as for a few months or until more news is released on what the immediate future holds.