I recently wrote about Zecotek Photonics TSXV: ZMS OTC: ZMSPF.PK You can find this article HERE
Today the company announced the most critical date - the well known (to US investors) Markman Hearing. Read the News HERE
This is not a Mickey-Mouse case as many others.
Zecotek Photonics is seeking compensation for WILLFUL patent infringement. Willful means that the compensation could me much higher then the crowd is expecting - my guess is up to half a billion.
HALF A BILLION?
No Joke! Saint Gobain lost a case against Siemens in the past and they paid around 50 million for a couple of PET machines. If Zecotek will win this law suit, this would mean that all Philips PET machines since 2006 would damage the IP of Zecotek Photonics.
Alpha Edge calculated (in the Sain Gobain vs. Siemens) case a sum of 737,000/machine.
They also guessed that Philips sold about 300 machines since 2006. The calculation says: 221,000,000 - willful means 2-times the sum?
Read more HERE (use google translator)
However - Zecotek has a market cap of just 25 mil. and a should boost the share price extremely. Speculation should start today!
Disclosure: I am long OTCPK:ZMSPF.