Finjan Holdings Inc (FNJN)

[User-65225]

I think the stock is hurting because of their burn rate. Lawsuits are expensive and as you've shown, its going to take a long time to see anything. On top of this, adding another board member (todays news) adds to their expenses...

The last Quarterly report shows they spent $5,600,000 over the previous 6 months. However they only spent $550,000 during this period on lawsuits? Almost all of their money is going to "Selling, general and administrative expenses", which is a red flag. Insiders are getting some major perks, no doubt.

This stock is too thin to handle any dilution and they might be forced to raise more money before they start collecting, if they can even win.

These are some of the aspects that are keeping investors away imo.