Finjan Holdings Inc (FNJN)

[UglyAmerican]

Let me start by saying I'm highly irritated with the insider selling. CEO selling 20000 to pay taxes on compensatory shares sent us to the current level. Each time there is a press release the insiders sell some stock to pay taxes on shares given to them and that is probably the reason for this PR today and the selling today.
Regarding the 6 million in cash, they spent A LOT more on the Blue Coat trail then they intended. In post trial motions they are asking for BC to pay their legal costs. It appears at this time the judge is highly irritated with Blue Coat for ignoring her instructions so it would surprise me if she did not award part if not all of their costs. However, it is unlikely Finjan will realize any of the settlement until 2017. Last year they supposedly collected 5 million in licensing fees, so at this time they should have 11 million in cash. They state they booked an additional 5 million in licensing fees due this year, so that takes them to 16 million for 2016.