Guess we will have to agree to disagree and see what happens on the 16th.
I think you’re incorrect in your assessment though, which seems driven more by emotions than logic. They’ve filed for an injunction which anyone can do. The interim order was implemented because of how short a time frame it is between now and the 16th, so such an order would not have had any tangible impact for either party. 16 October will decide whether the injunction is granted, I don’t think it will be granted, based on the reasoning I’ve provided above. Moreover, if the contract included a change in ownership clause, which it did, then RIM has all the evidence they need to defeat GPR. They have a strong case, whilst GPR has nothing. Further, the injunction is not the final outcome. The injunction also considers who will be impacted by an injunction not being implemented or being implemented, and given RIM stands to be negatively impacted by halting operations, whilst GPR will not be impacted by operations continuing (in any way that can’t be reimbursed financially), this further supports a ruling in RIM’s favour. I also rang up a close friend who deals with these sorts of cases every day, who also reaffirmed my assessment.
None of us can be 100% sure, but we’ve both made our bets. So now we wait and see
RIM Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
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