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Akers: Up, Up & Away (AKR)     

queen1 - 09 Sep 2005 09:14

Some good news for the end of the week:

Thorofare, NJ, USA - September 9, 2005 Akers Biosciences, Inc. (LSE: AKR) is
delighted to announce the final conclusion to the legal matter, which had been
pending in the United States District Court, Southern District of Florida since
February, 2004.

On September 1, 2005, after a jury trial lasting six days, a final judgment was
entered in the matter of Akers vs. Alliance, wherein 'Judgment is hereby
entered on behalf of Counter-defendant, Akers Biosciences, Inc., and against
the counter-claimant, Alliance Investment Management, LTD. on all of
counter-claimant's claims, and counter-claimant shall take nothing from this
action.'

As a result, Akers Biosciences will recognize, as income in the current year,
the $713,046, which is the amount of previously due loan plus all related
interest and costs, now annulled under the terms of the Court Order.

Bullshare - 22 Oct 2013 13:20 - 14 of 17


Chart.aspx?Provider=EODIntra&Code=AKR&Si

Like a skyrocket on back of slightly old news about Nasdaq listing but greatly helped by Henderson's taking out a large CFD for over 6% recently.

Dil - 23 Oct 2013 01:51 - 15 of 17

Serious question Mike , what happens when they close ?

Henderson got a CFD for 27% of a company I hold , think it might be Netplay.

Bullshare - 23 Oct 2013 17:46 - 16 of 17

Dil; It will collapse pretty quickly if they sell but a lot of funds are now using this as a money route, well its stays off their investmnet books so they can play the markets more !!!!

Interesting though that L & G closed their declared position so have to assume Henderson picked them up somehow via a cfd, bit messy though.

Short term punt me thinks

Claretdabbler - 24 Oct 2013 09:08 - 17 of 17

with nearly 400% rise in 6 weeks I am taking some profits.
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