Spoke with the rep at Merriman Capital a few days ago about this. Regarding the appeal that took place on December 7, he was there and opined that it went very well. The decision of the court can take anywhere from a week to 3 months. If it takes only a week you can bet it's not going to be a good result. If it takes longer it means they are looking at it very closely, which could be a good sign. The bad weather in the northeast also could delay the decision somewhat. So no news in this realm could well be good news.
He also commented that the patent litigation firm handling the case is the most successful in the US, and the fact that they accepted BC's case is indicative, since they are very picky and aware that they are investing substantial time and costs to litigate. He also mentioned that the judge that will be hearing the case is likely the most favorable judge for patent matters, another plus.
Regarding the lack of other news, e.g. sales, contracts, etc., he commented that the time cycle to get substantial commitments from large retail companies can be quite long, especially since BCYP's product is not yet well known. He did not seem concerned about that.
The rep still stands by his conservative estimate of $22/shr.
Patience is tough to handle in view of no news, but I'm continuing to hold. BC is essentially still a start-up company but it does show promise.
