Wednesday, March 04, 2015 9:10:47 AM
VRNG has CASH BURN $2.2 in Month-Read last 10-Q. $2.2 MILLIONS. Read PatentPlay's instablog by SA.
I would like to see how much CASH left. I expect ~$10m from $24m (OCT-2014).
Only good point- no debt.
At the moment - only expectations. No real value. The real PPS equal $0.37 (read my old posts).
If AOL & GOOGLE win - they can fill a suit against Vringo. Vringo fills chapter 11. Who knows.
Yes, the most of longs are bag golders. BUFFET and other professionals sad DON'T INVEST in the company WITHOUT REVENUE. Vringo is one of such companies.
It was my biggest mistake to invest in VRINGO. I will sell my shares asap ($2-$4).
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