Fidelity on the register - good sign, page-69

Harpoon and Humble it is a mixed bag with these court actions

Before I was happy to see the delay as simply I didn't believe YOW had the cash to settle the issue if it went against them . A new or another 2nd hand wrapper was always available and I was surprised that Yow management were so slow in locking one in although I assume behind the scenes they had a option or something if they were smart and the one at Hanks was damaged or unrecoverable. You just can't rely on lawyers opinions and confidence when it comes to business as it is not them who makes decisions it is the wigged one .

So middle of Sept for the decision of wrapper , probably 21 days appeal possible ? ( I don't know US system very well) and a 14 day period to remove and a 14 day to install min at a guess ( possibly only 7 days each and a couple of days transport if technicians avaliable) depending on if they use manual loading or already have auto robots organised. So mid October installed at earliest at a guess. They need to have ready the modified parts to handle and wrap the new capsule.

Old capsules to the skip for recycling an a all the spare parts they have probably duplicated now anyway.

All academic as in reality they have unused excess production capacity now ( and have had for 2 years) and should IMO be building inventory to ensure there is no possibly limitation in supply. Extra inventory when you have 30 mill in the bank is chicken feed compared to not being able to supply. That Investor101 was my issue with the 1 million Yowie announcement. I believe they should be accumulation in stock level so a machinery failure or problem doesn't leave them short and yet YOW seem to be just cruising along " just in time" and that indicated to me that sell through and forward orders or market erxpansion or reaction to possible advertising / promotion is not growing massively . It doesn't add up as they are selling at the counter?

YOW now have the money to settle if they wished to. We are lucky to be in this position but no reason to rush IMO as they have negated that issue. Nice if we don't get hammered in court.

Yow have a problem as YOW have said they are in right ( wrapper and contract) and have indicated no risk to shareholders and suggesting expedited proceedings an haven't even indicated the bond put up. Won't go down well with shareholders if it goes against them in the main case- always a shame the confident legal team don't have to put in from own pockets - ha ha . The wrapper should just be a procedural thing as bond is there exceeding value of wrapper and part but...... There is always legal twists and turns but Hank knows them all is my guess so he will know the expected outcome . Not sure Hank has a lot to lose by any delays ?

The problem IMO has never been the court case it has been failure of management to quantify it . I partially understand why but in auditors report for end of year it will happen in risk statement anyway and larger holders are stupid. Now they have cash on board there is no downside to the business as a settlement be it inside or out or court won't cause a cashflow issue. If that is made abundantly clear to holders then the lawyers can take as long as they like to resolve it to YOW best possible result .

As Harpoon has reminded people that it is now 2 separate hearings, wrapper, and breach of contract with winning the return of property wrapper has no bearing on the other case IMO.