Mereo Biopharma Share Discussion Threads

[dumbarton2] 21/1/2008 10:45

Not at all the mms stuffed any buyers up.

[pricemilne5] 21/1/2008 10:18

The good news never lasts for long on this share does it!

[up the antti] 21/1/2008 09:00

Ungaro suits in TK Maxx in Linwood. In the clearance section I'm afraid.

[cosnova] 20/1/2008 14:33

Popped into TK Maxx yesterday, last year I noted a lot YSL kit,

obviously no YSL but no JJC or Ungaro either, so hopefully
a good sign.

[taffee] 20/1/2008 12:35

I believe tthere is serious money coming to marchpole along with some stonking new.dyor but I hear things are actually going very well.

pr people seem to think so

[dan de lion] 19/1/2008 15:03

In Gran Canaria for two weeks, just logged in to find out that I am several thousand pounds richer, but still poorer in the long term, more to come hopefully.

I wonder if the 137 thousand is the cash MM was hoping to recieve before the year end?

[momentos] 18/1/2008 16:55

They may well have been claiming 1 million for the contract breach by Boateng, but it is not something that has been decided in a court.

[eagle eye3] 18/1/2008 16:33

I remember reading 1 million somewhere, which was going to appeal, this would match the sum just agreed..... or mph was claiming 1 million....... boatang has not just agreed 1 million for fun.......

[momentos] 18/1/2008 14:35

I think I won't find that, cos it didn't happen!

And if you think that we wouldn't have received an RNS for such a momentous sum from Mr Morris you have to be kidding.

THis is how the case last ended up in court:

(if you search bailii.org you will find the first case too).

BTW the main parts of the dispute were:

Marchpole sued OB for continuing to sell OZ stuff - Lost.
Marchpole sued OB for selling stuff in Bicester store close to diffusion range price - Lost.
Marchpole tried to prevent OB terminating contract for non-payment etc - WON.

(this excludes various arguments regarding Bentleys, shares etc.). Costs on that LAST case were 120K (ridiculed by judge).

HOWEVER, Boateng went and flogged some diffusion stuff in 2006 with someone else, causing a further ground for Marchpole action. This is perhaps the bit settled today.



"Earlier this year, Bespoke Couture Limited sold a diffusion range of garments to some of the Company's customers in breach of the Licence Agreement. The Company commenced proceedings in June 2006 against Bespoke Couture Limited claiming damages and in those proceedings Bespoke Couture Limited have made a
Counterclaim in which it alleges that it has new grounds to terminate the
Licence Agreement. The Company has been advised that Bespoke Couture Limited has
no prospect of success and that it will be awarded substantial damages against
Bespoke Couture Limited."

[eagle eye3] 18/1/2008 14:14

momentos

I think you will find mph was awarded 1 million in damages last year....

[billbarton] 18/1/2008 12:20

Overall seems a fantastic result for MPH and at last, some good news - lets hope they can build on it!

[momentos] 18/1/2008 12:07

There appear to be several elements to this announcement, and it IS good news that the issue is now completely closed out.

1. It looks like they probably went to some kind of arbitration.

2. Boateng has recently expanded with a new premises in Saville Row. Perhaps some deal has been done to ensure this (predominantly ready to wear I think) store does not cause further arguments!

3. Marchpole had pre-emptive rights for other territories which may have been ceded.

4. License was initially 7 years from Jan 2003. Presumably previously expiring end 2009. It appears there is at least 1 extra year.

5. Not sure what Boateng gets out of this deal. He certainly (AFAIK) did't
owe them 1.2m, so there is, perhaps, a bit of untold stuff here.

It definitely sounds a little "too good to be true". SO Boateng has extended by a year for ZERO contractual return??? I doubt it! More likely that, rather than lump sum contractual payments, there is now an agreed license fee percentage.

[deanroberthunt] 18/1/2008 11:56

Momentos....any sign of "rotational linguistics" in the latest RNS.....in aniticpation.

[deanroberthunt] 18/1/2008 11:52

just another 150% and I'll be back in profit.

[taffee] 18/1/2008 11:35

believe there is more good news on the way......think there was some compensation too

[cosnova] 18/1/2008 11:35

still cheap as chips

[jamesjoel] 18/1/2008 11:32

FU*K ME WERE BLUE

[8trader] 18/1/2008 11:04

Overhang clearing here ?

Might trade this for a bounce.

[cosnova] 18/1/2008 10:18

anyone got level 2,

thanks

[fozzie] 18/1/2008 08:24

Here here Tufty!

[taffee] 18/1/2008 07:33

yep...look likes its finally over PLUS the demise of marchpole doesn't come across on this statement.

Looks like its business as usual.