IPR 0.00% 4.1¢ ipernica limited

abandoning the german sar case, page-4

  1. 11,981 Posts.
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    MrDin,
    I don't know if giving up this case shows;

    a) A balanced decision to give up litigation that is not worthwhile given the complexities of the German legal system and the chance of success, or
    b) The change from a litigation business to a Venture Capitalist has changed them from patient capitalist/lawyers to impatient whizz kids.

    I suspect it is the latter.

    The lack of sales news from Nearmap and raging 'capital burn' are a concern.
    It would have been nice to have got our 10c dividend from the last win without the directors deciding to reinvest it for us.
    I think there is a good possibility that IPR will go sub 5c in coming months. If they do it may be good buying on the hope that the directors will realise that they are not good venture capitalists, cut off the Nearmap spending pit and go back to the original IP assertion business.
    If this eventuates I hope that several of the directors take responsibility for their actions and resign.

    Bacci
 
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