Finjan Holdings Inc (FNJN)

[lbcb123]

There wasn't any new revenue we didn't already know about. A payment due the first week of this year came in the last week of last year and was just shifted. What is disappointing is they didn't even break out CybeRisk revenue saying it was negligible. They also pushed back the Gen4 release until Q3 this year when it was supposed to be released last year and this quarter. Don't like that big delay and the failure of CybeRisk to gain traction.

It will look good to those who don't follow it closely, but I believe it will close down on the day in the low to mid $1.50s as the insiders use the extra volume to sell.

In full disclosure, I sold 20K shares at $1.75 and $1.71 last night in after hours trading, but I own many times that amount. Couldn't pass up those prices when I knew it wouldn't last.