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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?


To: Sir Auric Goldfinger who wrote (2705)10/21/2000 10:58:13 PM
From: DanZ  Read Replies (2) | Respond to of 5582
 
The Quigley lawsuit was discussed here back in March and April. The bottom line is that Quigley's motion for temporary injunction was denied in April, which means that Zicam will never be pulled from the shelf as a result of the lawsuit. Quigley's patent expires in less than two years, and if the case isn't settled out of court, Quigley's patent will have expired by the time the case is settled in court. Quigley has a negligible chance of winning their case, and even if they do, damages would not be material because their sales fell off a cliff well before Zicam came on the market. Compensatory damages in infringement cases are generally limited to the greater of a fair royalty or actual damages caused by lost sales. Since Quigley won't be able to show that they were harmed by Zicam, damages would most likely be limited to a fair royalty, or 5% of sales. If you talk to lawyers, read Quigley's patent, read statements from George Eby, read various scientific literature related to this case, read the judge's ruling in the motion for summary judgement and motion for temporary injunction hearings with an open mind, you should conclude that Quigley has a negligible chance of prevailing in this case. I have done all that; you obviously haven't. The only thing you did was post a link to an old press release.

There is more to due diligence than posting a bunch of old press releases. You might think that a two year old press release about a product that only sells $100,000 per quarter is relevant, but the market disagrees with you and that's all that is important. The market has already discounted the effect of the Quigley lawsuit, and your posting seven month old news won't help your cause. In fact, the stock bottomed around the time that the news you posted was released. Just goes to show you that stocks usually discount news before it comes out, not seven months or two years later. You aren't going to convince anyone here to sell their stock, and in fact, your bashing is so transparent that you might convince some people to buy. Please keep up your work. You seem very desperate for sellers and that will only bring in more buyers. lol