Finjan Holdings Inc (FNJN)

[lbcb123]

Once more, you don't seem to have a grasp of their history.

CybeRisk (and Finjan Mobile) only began last year. They spun off a portion of their business and had non-compete agreements until last year. It is not a proper perspective to say they have been around so long that why is it taking them forever to get their two operating units going. They kept the patent portfolio and that is what has been around for a long time and not the two operating units.

CybeRisk had their first revenue in 2Q of $15K and upped it to $141K in the 3Q. They had stated previously that "it could be millions" by the end of the year. I think they are on schedule and are picking up new clients. Whether the revenue is realized this quarter or gets spread out over the next year doesn't matter. CybeRisk is growing and is becoming accretive to earnings right on their stated schedule. My question would be why do you feel CybeRisk is "doing so poorly"?

The progress of Finjan Mobile is readily apparent with minimal effort to look. Read the reviews and the number of downloads. It had poor reviews until Gen3 was released not long ago. Gen3 is being so well received that they were able to finalize guidance on when revenue would occur. Gen4 is being finalized to include VPN (Virtual Private Network) for fellow geeks and is set to release once Gen3 has 100K downloads. They are about halfway there and this installed base of the free version is expected to generate initially 10K paid subscribers for Gen4 at $5 - $10 per month.

What you still aren't understanding is even without monetizing their IP, this would be an up and coming company. Instead of diluting to fund R&D, they have been able to do it with their valuable patent portfolio. I'm not down on you... just commenting that this is the most misunderstood situation I have seen in a long time. They aren't trying to sell shares into the market and the insiders aren't selling so there is no incentive to "hype" things now. We can lament their inability to tell the story to the masses now or we can verify our due diligence and pick up more cheap shares when we can see where this is headed.