Cap-xx Share Discussion Threads

[meijiman] 09/2/2021 08:40

Where are you now Newlands you pair of mugs?!

[richsydenham] 09/2/2021 08:21

This is only going one way from here IMO

[roofer2] 09/2/2021 08:07

Not forgetting what set ARM on it’s way, we have been knocking on the “smart phone” doors for a few years now.
One thing for sure, we will not be 13p at year ends, at least double from here!!
Imo

R2

[celeritas] 09/2/2021 08:00

Its automotive news that sent ika on its way. Cracking news.

[roofer2] 09/2/2021 07:48

Brilliant info contained in today’s RNS, the highlight for me as Cap-xx go forward,

“The Board is also pleased to announce that CAP-XX is now an approved supplier to a global smart phone manufacturer and separately has commenced the formal process to become an accredited supplier to a global Automotive Tier 1 Component Supplier”.

Apple or Samsung??

R2

[valuetracker] 09/2/2021 07:48

Agreed, Not great results.

[grahamwales] 09/2/2021 07:40

The Board is also pleased to announce that CAP-XX is now an approved supplier to a global smart phone manufacturer and separately has commenced the formal process to become an accredited supplier to a global Automotive Tier 1 Component Supplier.

This is as a result of taking over the Murata business smoke and mirrors again from Kongats.

Company has never made a profit and probably never will.

Do your research you will see the same pattern.

GL but don’t get sucked in on hype.

[donald pond] 09/2/2021 07:29

Top line figures are OK, not great, but as production lines only started producing in late December, they don't give much insight into the likely future. All good and massively under the radar still. My tweet a few minutes ago has only had 1 like, whereas the one I did at the same time on EML has had quite a few.

[celeritas] 09/2/2021 07:25

Beat me to it DP, things are really starting to take shape.

[jeanesy] 09/2/2021 07:22

Looks like a nice update this morning

[donald pond] 09/2/2021 07:15

Sales up 26%, orders up 100% and this kicker: The Board is also pleased to announce that CAP-XX is now an approved supplier to a global smart phone manufacturer and separately has commenced the formal process to become an accredited supplier to a global Automotive Tier 1 Component Supplier.A lot to like there.

[yasx] 09/2/2021 00:32

Good points Mattjos.

Peppered - it is too early to say with any degree of conviction that this is a one way bet in Court for CAPX. All the ruling in June last year determined was whether or not there was a reasonable basis for a Court to draw an inference on the basis of the pleaded case of Cap X that there may have been an infringement on the part of Maxwell. It is not the remit of the Court at that stage to determine the merits of the pleaded allegations; pleading a cause of action absent extraneous matter is not the same as having proven the case or rebuttal of any defence. It is simply a case of ascertaining is there any merit in allowing this on a matter of principle to be pursued further.


That having been said, there are, as both Matt and Peppered have indicated, interesting judgements that have been made in similar cases before the same Court. In one, a mutually palatable arrangement was reached by parties in which CDE agreed to licence two of CAPx's patents and in the other (against Ioxus) judgement was granted in favour of CAPX and an award of $4.9m was determined, though this has yet to be satisfied. I am uncertain as to whether or not it will ever be satisfied but the language used by the Company suggests it might not be even though they are are seeking to recover the amount due. If they do recover the aforementioned sums, they will also recover legal costs which could be anything up to $600k (I base this on a nebulous figure from y/e to June 2020 results but there may be overlap of these fees with that of the Maxwell case).

With the Court ruling that the Maxwell case should not be dismissed on the grounds alleged by Maxwell that there was no sufficiently pleaded case, a hearing or discussion was scheduled for the end of last year. I am not sure if this took place but perhaps others might have heard something if they have been in touch with the company. What is clear however is that, although we do not know the magnitude of any eventual/ potential award if CAP xx were to be successful, there are two prospects to consider at this stage, being

a) if this proceeds to trial, this will take a while, but win or lose, it will keep substantial interest in the case since it could result in a substantial award or

b) there might be the possibility of an out of court settlement in either monetary terms or on some other basis. Either way, this hope premium is not yet built into the price of the shares.

I will try to outline some of the other issues (which render this share inescapably attractive) aside from the patent infringement cases in the next day or two but, it goes without saying that this is one particularly appealing stock at this price and time. Not a certainty, since smallcaps rarely are, but a real runner and one I initially tucked into in the single digits but it ran away as I was accumulating while looking into it, but fortunately it retreated and I have taken more in recent weeks - overall my buying from the initial 8 up to 13p range, with an average of perhaps 10p or less.

Thank to Mattjos for bringing this one to my attention some weeks ago.

Incidentally, good chart too - once it takes out the recent highs.

[mattjos] 08/2/2021 23:05

suggest you read this presentation .. particularly Page 11:



& then see why Epishine have chosen to partner with CAP-XX

[royalalbert] 08/2/2021 22:33

Thanks for the reply and agree that the USA take patent infringement seriously.

[mattjos] 08/2/2021 22:19

RoyalAlbert … no way of knowing just now other than the USA does take patent infringement very seriously & financial awards can be very significant .. particularly in cases where it's seen as 'the little guy' taking on & winning against the far bigger entity.

IF the CAP-XX intellectual property DOES underpin the commercial reasons for Tesla acquiring Maxwell & IS used in Tesla cars then, the sums involved could be huge & the resulting damage to Tesla significant.

It is compelling, imo & will be fascinating to watch it playout over the coming 12-18 months .. in the meantime, i fully expect to hear that more CAP-XX orders are rolling in & shipments are ramping up.
Whilst the company cannot reasonably RNS each & every order, i think its reasonable for them to RNS the first few as these are impactful on the market value of the business just now

[mattjos] 08/2/2021 22:14

The case predates Tesla's acquisition of CAP-XX.

Maxwell would have been obliged to declare the existence of the case during Tesla's due diligence process but, I imagine Tesla would have bullishly dismissed it believing no small entity such as CAP-XX would be tenacious enough / be willing to spend & pursue the claim but, the Ioxus case (whilst unlikely to result in a payout for CAP-XX) has created precedent on this matter and i believe it will be particularly difficult for Tesla to now win against that, particularly as the case is before the same judge in the same court.

Whilst a win against Tesla & some resulting recompense should not be counted just now in valuing the business, it does add a significant potential upside here & one would be wrong to simply dismiss it.

[royalalbert] 08/2/2021 22:07

Mattjos any idea on the value of this to CPX, if they won. (which should happen owing to past cases)

[mattjos] 08/2/2021 22:03

personally, i don't give much for Maxwell's chances, given CAP-XX prior wins.

Maxwell will act to drag it out for now simply because that is how the game is played but, Maxwell's lawyers will be cognisant of CAP-XX's growing commercial traction & they do have a responsibility to so advise their client if they believe/conclude the defence lacks merit.

[mattjos] 08/2/2021 21:58

kloster, suggest you see my earlier posts 6363 & 6364 if you want to dive deeper on that particular subject

[mattjos] 08/2/2021 21:55

CAP-XX are using Potter Anderson & Corroon to represent them in Delaware … same law firm who were successful against Ioxus last time … they are a good outfit

[klosters65] 08/2/2021 21:18

Serious question.How good are CPX lawyers if indeed Tesla are infringing our patents. Who are they and are they London based?

[maytrees] 08/2/2021 08:58

Good morning
Bid share price up to 12p during early trades.

[mattjos] 06/2/2021 19:06

Only one way, imo .. still too cheap given the scale of the opportunity & the way the business is now set to meet demand