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Ann: Litigation Update - Yowie Prevails at Trial-YOW.AX, page-9

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paul78y

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19/09/16

10:53

Post #: 19247171
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Originally posted by jake0002 ↑

others will have a better handle on this.
but the comment by Yowie that they may not collect the wrapper says many things.
#1 is they don't need it yet as they have current wrapper going well at Madelaines, with another on order. I think this also sends a message to Hank that his actions are not affecting YOW performance, and that his plan to blackmail YOW is failing.
#2 there may be issues with the wrapper at ACC. maybe YOW is thinking that ACC may have used the wrapper, and potentially has done some damage. also leaving the machine at ACC might cause disruption at ACC?
#3 the admission by ACC that wrapper belongs to YOW opens up a con of worms for ACC, in that it makes it much easier for YOW to claim damages. Its just a question of quantum, then launching a damages claim in court. ACC will then need to argue quantum, but each side also needs to mitigate damages.
#4 I cannot remember how much Bond ACC made??
#5 YOW is thinking it will be able to freeze ACC bond - then when it gets Court decision of quantum of damages, YOW can then access the bond funds first, then fight ACC for any balance?
# this development will surely put pressure on Hank to work out a settlement?

Expand

Good points, I'll add:

#4 Cash bond was $562,500.
#6 ACC has a contract to produce Care Bears. Taking the wrapping machine back might cause troubles for ACC.

YOW Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: Litigation Update - Yowie Prevails at Trial-YOW.AX, page-9

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