Tuesday, April 15, 2014 4:27:35 PM
I read they want to raise the stock price above $3 to raise money? Possible something that I read in a consent of shareholders filings?
Any comments on that?
what price do you think is attractive price to buy?
I spoke with a Mr. Kesner at the company. Asked him about the drop in stock price and what he thought might be the cause. He said he could not comment. Sec prohibits such speculation. What he did suggest is that with fully diluted shares of 25 million plus the potential of another 10 million shares of equity needed to provide liquidity until the lawsuits with ATT and Cisco ripen, the company with its patents are undervalued in terms of an apple to apples comparison with Vringo and two more companies he mentioned. I mean he was talking in the neighborhood of a valuation and market cap of 300 million.
So I think there is upside even with dramatic stock conversions and additional equity sales. Maybe they can take out bank loan against patents? I mean Rockstar is a 28% owner of Spherix. And as the company is fairly new like a new IPO, I would think they would have a long term plan?
I'd appreciate any comments you might have as I am seriously thinking of investing in Spherix at the right price without any further risks you might think of.
You have a history with this stock. Please share.
What are your expectations, entry price, what you think could be a catalyst for the PPS to trade higher again. Etc.
I'd really like to hear more of what you have to say as an expert in Spherix. And I consider you an expert as you have stated you made quite a bit of money with Spherix.
-George
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