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CAP-XX – “Update on litigation”, does it even have “the coming weeks” to negotiate a settlement?

By Steve Moore | Thursday 14 March 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Describing itself as “a world leader in the design and manufacture of supercapacitors and energy management systems” (despite a recent half-year increased loss on revenue of just Australian$2.3 million!), CAP-XX (CPX) has now announced that “Maxwell will be applying to the Court for a further extension of time to lodge an application for a claim of costs against CAP-XX before the end of the current week” though adding that “to emphasise, this filing is purely procedural and does not substantively impact CAP-XX”. What about that and shares in CAP-XX currently further down below 0.07p in response?
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