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Re: jaytea post# 5524

Wednesday, 04/27/2016 10:18:34 AM

Wednesday, April 27, 2016 10:18:34 AM

Post# of 8287
Agree. and there is a reason for past 2 weeks waking imo.waiting for updates here. fair value over $10 imo,once updates hits this might get a big boost due to the very solid balance sheet.risk/reward ratio very impressive to me.Institutional buying too,Increased Positions 5: 213,654, Decreased 6: 6,226. float is only 2.6m a/o today.

Total Assets $14m, Total liabilities $5m, Net assets (assets minus debt)= $9m ,this alone makes it undervalued vs $6 market cap. ,Assets/Debt ratio=3,very solid.
Impairment of goodwill and patent portfolio $40m.

Settlement might have a huge affect the number of potential licensees to their portfolio,
especially after those developments: insider buying too and now Compliance with Nasdaq Listing Requirements. Singed an Executes Joint Venture Agreement a month ago,and executing on the new strategy announced in recent shareholder letter:


Spherix Releases Update Letter to Shareholders
Spherix to Diversify Revenue Opportunities

BETHESDA, Md., March 7, 2016 /PRNewswire/ -- Spherix Incorporated (Nasdaq: SPEX) -- an intellectual property development company committed to the fostering and monetization of intellectual property and the advancement of technology, released a letter to shareholders. The text of the letter is below:
http://photos.prnewswire.com/prnvar/20131104/PH08853LOGO

My posts are my opinion and should not be used as investment advice. Make your own decisions in your stock trades.