Finjan Holdings Inc (FNJN)

[lbcb123]

"if the bluecoat payout is extended we're in trouble"

I disagree. That would be assuming there will be no further revenue generated through the end of the year. If there isn't a single licensing agreement by the end of the year and Finjan Mobile and CybeRisk don't generate any revenue... there will be much bigger problems than the timing of Blue Coat payout.

I would be extremely surprised if there isn't at least one licensing agreement inked in Q1 and I believe it is over 50% chance Finjan Mobile begins earning revenue in Q2. CybeRisk is still kind of an unknown, but I would also be surprised if it doesn't at least end up revenue neutral in 2017. More likely it will be accretive although the full extent is up in the air.

I believe they will try to keep a cash reserve. Remember, they can always sign license agreements closer to the 8% instead of 16% benchmark if they needed cash. Probably 6 or more companies that would jump at that deal. They also need to justify to juries that 16% is their going rate so they don't give-in very often. Just know they always have that option if needed.