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im following these stocks-------smtr,newcq,ahmiq, dfc,bugs,gmfx,wdam,opgx,gptc,avti,hspl,atno and inbg. After a selection and doing a lot of dd. these are my preferencials stocks. ahh an Jfgi i pick it trough thi board.
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I got into this and got out shortly after when I realized the co really won't let it go anywhere. Too much dilution, etc. I won't be back in anytime soon.
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SMTR(0.0004)Entry into a Material Definitive Agreement
8-K Filed 2/26/2008 we disclosed that on September 12, 2007, we filed a complaint against Siemens VDO Automotive Corp. and Schrader-Bridgeport International, Inc. in the United States District Court for the Eastern District of Virginia alleging infringement of our United States Patent No. 5,231,872, entitled “Tire Monitoring Apparatus and Method.”
The case is styled SmarTire Systems, Inc. v. Siemens VDO Automotive Corp., Schrader-Bridgeport International, Inc. and Schrader Electronics Ltd., Civil Action No. 1:07cv932 (E.D. Virginia).
On February 20, 2008, we and Continental Automotive Systems US, Inc. (formerly Siemens VDO Automotive Corp.) entered into a Confidential Settlement and License Agreement, terminating the lawsuit between Siemens VDO Automotive and us. We believe that we will receive net proceeds of approximately $1.2 million after payment of withholding taxes and litigation-related expenses. The settlement agreement provides that payment is to be made to us by Continental Automotive Systems US, Inc. on or before March 5, 2008. In a separate judgment that was entered by the district court on February 21, 2008, Continental Automotive Systems US, Inc. also acknowledged the validity and enforceability of our United States Patent No. 5,231,872.
Our remaining patent infringement claim against Schrader-Bridgeport International, Inc. and Schrader Electronics Ltd. in the same case will continue with a jury trial now set to begin on May 7, 2008, subject to the Court’s ruling on pre-trial motions
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SMTR, they have a patent infringement suit against a few companies, so this tells you if one is willing to settle the others will fall in line, or they have a very good chance to win their case, and get the customers these companies were selling to as well
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