Welcome to Our Community!

If you are frustrated with the existing forums out there like we are, sign up and help us build a new, clean and modern financial site!

Interested in helping? We are looking to expand out team!

  1. Do you want to help develop this community? We are looking for contributions from investors and traders like you! What stocks do you follow? What is hot right now? Sign up and get in on the ground floor of the newest, fastest growing financial forum!
    Dismiss Notice
  2. You will notice a live chat widget on the right. Click in to join us and lets hear about how you nailed that last UWTI trade!
    Dismiss Notice

CPE.H - Capital Pro-Egaux Inc.

Discussion in 'Canadian Stocks Message Boards' started by TheDude, Oct 24, 2016.

  1. TheDude

    TheDude Member

    Joined:
    Apr 5, 2016
    Messages:
    167
    Likes Received:
    1
    Capital Pro-Egaux Inc. Due Diligence Report

    Company Overview: Pro-Égaux and its wholly-owned subsidiary, Technique d’Usinage Sinlab Inc. (“Sinlab”), specialize in the licensing of titanium products for the dental implant prosthetics restoration market.

    Price: $0.20
    Common Shares: 4,195,077
    Insider Holdings: 1,636,309 (39% as per the last information circular filed this year)
    Options: 419,508 exercisable at $0.10

    Financials
    Note: Most liabilities mentioned are “deferred revenue” which is actually revenue received, but cannot be posted as income yet. See definition: http://www.accountingcoach.com/blog/deferred-revenue

    Assets
    Cash: $342,289
    Accounts Receivable: $28,839
    Advance to a shareholder: $18,000
    Prepaid Expenses: $1,564
    Intangible Assets: $42,553
    Total Assets: $433,245

    Liabilities
    Payables: $130,881
    Deferred revenue(current): $695,479
    Promissory Note: $670,747
    Deferred Revenue(non current):$231,826
    Total Liabilities: $1,728,933

    2017 Income Statement(6 Months)
    Revenue: $533,207
    Net Income: $266,998 or $0.064 earnings per share

    2016 Yearly Income Statement(Audited Annual)
    Revenue: $1,393,669
    Net Income: $706,595 or $0.17 earnings per shares

    2014 Yearly Income Statement(Audited Annual)
    Revenue: $747,677
    Net Income: $237,922 or $0.057 earnings per shares

    Capital Pro MD&A Highlights from most recent Quarter(ending August 31 2016)
    Note: The MD&A on Sedar is very long, this is a strictly highlights.

    During the first and second quarters of fiscal 2017, the Company main activities were related to the follow up of the malpractice lawsuit as described in the next section of this MD&A. Also the Company concentrates its effort on pursuing smaller but numerous potential counterfeiters in all countries where our various patents have been validated by the signed licenses.

    During the second quarter of fiscal 2017, the Company signed two new licence Agreements. On June 29th, 2016, the subsidiary of the Company, Sinlab entered into a Patent License Agreement with Cybermed Inc. (“Cybermed”). As part of the agreement, Sinlab granted Cybermed and all resellers and users of Cybermed products, a worldwide, irrevocable, non-exclusive, fully paid up, royalty free and transferable license to make, use, sell and offer to sell the inventions of the Guide Patent in the portfolio through Cybermed products and services. The terms and conditions of the Agreement are undisclosed for confidentiality reasons.

    Also on August 5th, 2016 the subsidiary of the Company, Sinlab signed a Patent License Agreement with James R. Glidewell Dental Ceramic Inc. (“Glidewell”). Under this agreement, Sinlab granted Glidewell and its affiliates and all resellers and users of Glidewell’s and its affiliates’ products and services worldwide irrevocable, non-exclusive, fully paid up, royalty free and transferable license to make, use, sell, offer to sell and import to United States the inventions of the Licensed Portfolio. The term of these licenses are for the life of the last expiring Patent in the Licensed Portfolio. The terms and conditions of the Agreement are undisclosed for confidentiality reasons. Many other potential agreements are still under discussion as of the date of this MD&A.

    As of the date of approval of this MD&A on October 21th, 2016 by the board of directors, the status of the various court actions for the protection of our patents has been summarized to reflect the final result of all of our past court actions ending with the yearly MD&A dated February 29th , 2016 and February 28th, 2015 respectively. Only the current activity is covered in the following Current Court Action section:

    Further to a Board of Directors’ resolution dated December 15th, 2013, the Company announced, on December 20th, 2013, that its wholly owned subsidiary, Sinlab, has filed an action for damages it believes are the result of professional malpractice of certain former legal counsels of Sinlab in connection with matters pertaining to the announced settlements involving Delcam USA, Inc. and Delcam Holdings, Inc., Cagenix, Inc., Dentsply International Inc. and the Nobel Entities, comprised of Nobel Biocare AB; Nobel Biocare Italiana S.r.l.; Nobel Biocare Holding AG; Nobel Biocare Deutschland GmbH; Nobel Biocare Canada, Inc.; Biocad Médical Inc.; Nobel Biocare USA, LLC; and Nobel Biocare Procera, LLC.

    As of the date of approval of this MD&A on October 21th, 2016, the above filed action, for damages we believes are the result of professional malpractice of certain former legal counsels of Sinlab, is proceeding as follows with very little activity in this quarter:
    · Initial exchange of discovery documents completed; document discovery ongoing;
    · Written discoveries still ongoing and to date, all request were answered by Sinlab Inc;
    · Discovery dispute concerning Nobel confidential information has been resolved in the first quarter of fiscal 2015;
    · Oral discovery (Deposition) started in February 2016 and most likely to complete by end of August/ September 2016;
    · Experts for most areas have been identified and expert discovery expected to be scheduled for hearing by Court Authorities in last quarter of 2016 or, most likely, in the first half of year 2017;
    · The court has placed the case in the complex litigation division;
    · Defendants Murphy & King and Smith Gambrel Russel have filed counterclaims for their fees from the underlying action plus interest. Defendant SGR served a “Rule 57.105" motion arguing that the case against it is baseless. If they are successful, Sinlab would be liable for their attorneys’ fees in this action from 30 days after the date of the service. For many reasons, Sinlab considers the defendant success on the motion to be unlikely, and their claims for fees unlikely to be successful.
    · Court Authorities will be placing our case on their schedule of court hearing sessions. It is expected to be sometime before the month of June 2017.
     
  2. TheDude

    TheDude Member

    Joined:
    Apr 5, 2016
    Messages:
    167
    Likes Received:
    1
    Capital Pro-Egaux licenses patents to nSequence et al.

    2017-01-10 09:21 MT - News Release

    Mr. Pierre Desormeau reports

    CAPITAL PRO-EGAUX INC. (NEX: CPE.H) ANNOUNCES THE CONCLUSION OF A LICENSE AGREEMENT WITH NSEQUENCE CENTER FOR ADVANCED DENTISTRY AND NATIONAL DENTEX CORPORATION

    Capital Pro-Egaux Inc.'s wholly owned subsidiary, Technique d'usinage Sinlab Inc., has entered into a patent licence agreement with nSequence Center for Advanced Dentistry and National Dentex Corp. As part of the agreement, Sinlab granted licensees a non-exclusive worldwide licence to make, use, sell and offer to sell inventions covered by its patents, including patents relating to its Technobar and Technoguide technologies, under terms undisclosed for confidentiality reasons.

    Unlicensed entities should obtain an appropriate licence from Sinlab by contacting M. Jean Kingsley via e-mail.

    The company previously announced settlement and/or licence agreements that include Biomet 3i LLC (formerly Implant Innovations Inc.), Delcam USA Inc. and Delcam Holdings Inc., Cagenix Inc., Dentsply International Inc., Nobel Biocare AB, Nobel Biocare Italiana SRL, Nobel Biocare Holding AG, Nobel Biocare Deutschland GmbH, Nobel Biocare Canada Inc., Biocad Medical Inc., Nobel Biocare USA LLC, Nobel Biocare Procera LLC, 3Shape A/S, exocad America Inc., MIS Implants Technologies Ltd., SICAT Gmbh & Co. KG, and James R. Glidewell Dental Ceramics Inc. The company is currently pursuing its licensing program with other industry participants. The company cannot predict the outcome of its continuing negotiations or of any legal proceedings it may decide to institute against those entities that fail or refuse to contract a licence. The decision to take legal proceedings will be based on available information and the company's assessment of all relevant facts and circumstances, including costs involved with such proceedings. Such costs are unpredictable and may be substantial.

    We seek Safe Harbor.

    © 2017 Canjex Publishing Ltd. All rights reserved.
     
  3. Epicram

    Epicram Member

    Joined:
    Oct 13, 2016
    Messages:
    69
    Likes Received:
    6
    The above report of this stock looks solid and capable to return good profit.
     
  4. loubastone

    loubastone New Member

    Joined:
    Oct 5, 2016
    Messages:
    5
    Likes Received:
    0
    It will all come down to legal, if they can win against all those companies that stole their patent...this can literally go from 10 cents to dollars over night.

    Low shares outstanding and all that cash if they win would be paid out to shareholders...I am in for 20k shares and will try to buy some more
     
  5. TheDude

    TheDude Member

    Joined:
    Apr 5, 2016
    Messages:
    167
    Likes Received:
    1
    Lawyers have been doing pro bono work for CPE since all these claims were launched back in 2013. They would not do that unless odds of winning were very high. So many companies to go after too, it's absolutely nuts. CPE is like the Wi-Lan of the dental patents, lol.

    2.4 million shares in retail hands too, there's really not much to get. So it would move in the blink of an eye. The fact that they are still forcing companies to pay them for their patent just show the validity of all this. Europe, USA, Canada, they have something real and no matter the size of the company, they all had to pay CPE.
     
  6. loubastone

    loubastone New Member

    Joined:
    Oct 5, 2016
    Messages:
    5
    Likes Received:
    0
    SUrpsied these companies just don't settle for less $ vs involving expensive lawyers
     
  7. TheDude

    TheDude Member

    Joined:
    Apr 5, 2016
    Messages:
    167
    Likes Received:
    1
    CPE isn't licensing deals to small companies, these are all larger companies.

    In the last 12 months, these companies have all signed licensing agreements:

    Jan 2016 - MIS Implants - This company was sold 6 months after the deal with CPE for $375 million to Dentsply Sirona
    April 2016 - Sicat GmbH & Co. KG - can't find revenue, but the company has over 100 employees
    August 2016 - Glidewell Dental Ceramics Inc. - $178 million revenue with around 1,900 employees
    January 2017 - National Dentex Corp - Can't find revenue, but it claims it has the largest network of dental labs http://www.nationaldentex.com/about-ndx/
     
  8. TheDude

    TheDude Member

    Joined:
    Apr 5, 2016
    Messages:
    167
    Likes Received:
    1
    It could end up that way. Settlement sooner than we think, I would be happy with that. But since the lawyers are doing this pro bono, it's really up to them if they think it's better to take the offer or go for the full thing.
     

Share This Page