SMN 3.09% 50.0¢ structural monitoring systems plc

Half Million Dollar Boost., page-12

  1. 1,134 Posts.
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    Thanks for the information. I didn't realise that nothing happens at these sort of hearings.

    I get excited as I think it's worth gambling a a half million dollar boost to a bottom line that is only single figure multiples of this would spike a share price.

    There's no way they would be in the supreme court appealing a decision if they were going to lose as it would be cost prohibitive so an exercise in stupidity. A loss on this one would mean a reversal of more than $1.2 million so it will be good to get it out of the way.

    $0.5 million lost on claim + $.3 million on original decision ( see Jan Quarterly)+ $0.5 million estimated in outstanding royalties from 2013 to 2017 (see Prospectus pg 63 and use a calculator) which would be back on the table if it's a loss.

    I would not be thinking highly of management if it's a loss AND then they make a "company making" announcement which does not include a ready cash flow.

    In short I can't see this going south as if it did it would speak volumes as to the fiduciary abilities of management.
 
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