Langlui's Big Board and Options Plays

[TechKim]

RTEC is working on receiving The District Court awarded damages in excess of $14.5 million from CAMT, LTD. from Feb 3, 2016.
http://finance.yahoo.com/news/rudolph-announces-win-patent-infringement-224900504.html

CAMT "The company will record a reserve for the award amount in its 2015 statements. http://seekingalpha.com/news/3079686-appeals-court-affirms-infringement-ruling-rudolph-camtek-suit

CAMT BOND "On March 11, 2015, the Company also posted a $15 million bond with the Court to stay collection of the judgment pending resolution of the appeal. The bond was secured by a guarantee from Bank Mizrahi in respect of which the Company was required to place $7.9 million in a restricted deposit"
http://www.sec.gov/Archives/edgar/data/1109138/000117891316004756/zk1618194.htm

RTEC already has a buy back in place. No direction of what the company plans to do with the awarded monies when received.

CAMT stated they were going to write off the loss on their 2015 earnings. So I wonder then? How can you declare the loss? When payment has yet to be made. You cannot declare a sale on the books until delivery of a product to a customer. I would say the same logic applies to lawsuit award payments.

CAMT recorded that loss per article for 2015 "During the fourth quarter 2015 Camtek recorded a provision of $14.6 million in conjunction with the final court ruling on February 3, 2016 in its appeal in the patent infringement case of Rudolph Technologies Inc. regarding the Falcon system sold in the United States until 2010." http://finance.yahoo.com/news/camtek-announces-fourth-quarter-full-131000014.html

Anyhow after all is said and done. RTEC is awaiting the award monies.