Pinnacle Telecom Share Discussion Threads

[molatovkid] 21/12/2015 14:55

I only asked how the litigation was going? Shame you took it so negative. In fact it seems to be going well.

From the Interims 29th June, it is ongoing. There have been no other RNS with this information included, so no harm in asking the question.

Litigation

On 31 March 2014 Pinnacle Technology became aware that a third party was engaging in business solicitation activity which was in contravention of prior contractual agreements. That activity was immediately addressed by court proceedings which resulted in certain interim orders and undertakings being granted in court on 4 April 2014 to protect Pinnacle Technology's interests. As part of those proceedings on 4 April 2014 awards of legal costs were made in favour of Pinnacle Technology. These court proceedings continue.

Whilst the matter was an unwelcome distraction for the management team in the short term, the Company and its legal advisors are both confident of success and are working on maximising the return of legal costs arising from this situation.

[ibans] 21/12/2015 14:39

I actually have 11 now :) and I preffer geordie!

[molatovkid] 21/12/2015 14:11

Get the shorts open....6p and nothing more that's what the 200 day MA is saying....and believe it.

[ibans] 21/12/2015 13:54

CC

did you think it was the dogging thread ya dirty bassa?

[ibans] 21/12/2015 13:53

haha,

I missed that...what did you say, C'mon, my nose is bothering me lol

[crapcrap] 21/12/2015 12:54

oops wrong thread

[crapcrap] 21/12/2015 11:08

sank without trace. boom

[crapcrap] 21/12/2015 10:10

fair enough, but do a bit more research!!

[crapcrap] 21/12/2015 08:57

the destroyer. member since 21st dec 2015. lol
TIT

[mr roper] 20/12/2015 18:14

can't beat Xmas shopping. Chart looks set for a good run to 25-30p. Would be good to hear more about the strategy here. How many acquisitions they plan. Announcing this at the time of the first acquisition would make a lot of sense.

Lucky they are smart people.