Monday, April 14, 2014 10:21:05 PM
I do know that the set of patents Rockstar bought from NT was valued at $4.5 billion (based on final auction price paid by Apple, MSFT, et al) and I do know Rockstar assigned many of the "good" ones to SPEX.
Rockstar also took a significant investment stake in SPEX as part of the deal.
So crook or not, SPEX's current valuation at $57 million could very well be a bargain later this year or early next year. I am betting a buyer in the $1.75-$2.05 range (SPEX closed today at $2.05) will make decent money in the future.
Even scams can make money. People were buying HPNN at $.0001 and $.0002 and were able to sell at $.0014 earlier this year. Big gains in a scam of a company.
Also, I don't think SPEX is a scam. I just think there are too many convertible shares released on the market as the result of the N/S Merger and those shares being dumped has punished the stock severely... an event that was predicted here on this board many times previously by yours truly.
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