StayHumble
5 months ago
$HCMCs amended complaint, presents an Even Stronger Case in Favor of $HCMC
These specific, targeted allegations are sufficient to disavow
the contradictory statements in the attached MRTPA in which
Philip Morris Self-Reported that its products do not combust.
"Less Combustion = No Combustion" (based on Nonsense)
We thus hold that, in its original complaint,$HCMC stated a valid claim for patent infringement
under Eleventh Circuit law notwithstanding attachment of the MRTPA exhibit. II
We now turn to HCM’s amended complaint, which presents an even stronger case in favor of HCM.
https://static1.squarespace.com/static/58a1d7b8893fc0b6d3e47931/t/6436df8d94fa09523deadf45/1681317773824/2023-04-12_HCMC_v_PM_Appellate_Decision.pdf
StayHumble
5 months ago
$HCMCs amended complaint, presents an Even Stronger Case in Favor of $HCMC
These specific, targeted allegations are sufficient to disavow
the contradictory statements in the attached MRTPA in which
Philip Morris Self-Reported that its products do not combust.
"Less Combustion = No Combustion" (based on Nonsense)
We thus hold that, in its original complaint,$HCMC stated a valid claim for patent infringement
under Eleventh Circuit law notwithstanding attachment of the MRTPA exhibit. II
We now turn to HCM’s amended complaint, which presents an even stronger case in favor of HCM.
https://static1.squarespace.com/static/58a1d7b8893fc0b6d3e47931/t/6436df8d94fa09523deadf45/1681317773824/2023-04-12_HCMC_v_PM_Appellate_Decision.pdf
DeepDive
5 years ago
Investment thesis.
Some people smoke (about a billion).
Young people smoke too (ie smoking is not going away).
Smoking is led by addiction (nicotine).
People seek addicting substances (see MJ)
Tobacco industry is immune from competition (regulatory establishes high cost to entry)
Yet this is a 465 million $ market per annum where the ROCE is above 40%!
This kind of a large demand is here to stay, like it on not.
RRPs are sexy, stylish and are growing. They make perfect sense: get your nicotine at reduced harm.
Gov will have to approve as part of effort to reduce harm of full burn tobacco product.
When they do- demand will explode: “it’s safe now”!
PM will be a turnaround case study in business school.
Right now you get to buy a super profitable business, cash machine, with hooked clients, at very low valuations.
But you need to be either private investor or fund manager that doesn’t care about doing the politically correct thing.