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Wednesday, October 31, 2012 4:35:26 PM
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BS NEWS--CAUSE VRNG TO CRASHES TODAY !!!!!
Vringo Crashes Over 40 Percent on Typo
By Dan Ritter | More Articles
October 31, 2012
Shares of Vringo (AMEX:VRNG) tripped over a cliff at about 3 pm on Wednesday, crashing over 40 percent in a matter of minutes. Trading was halted, resumed, and appears to be halted again as confusion ensues following a report posted on PilotOnline.com--THIS WAS A 2ND TIME FOR THIS TYPE OF BOGUS ARTICLE! that apparently contained false information.
Vringo has been engaged in an ongoing and much-watched lawsuit with Google (NASDAQ:GOOG). The trial is expected to wrap up tomorrow. The article posted on PilotOnline claims that Google won a major decision in the trial.
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Initially, the article stated that Vringo had told the jury that the company was owed at least $500,000 — a typo that was later changed to $500 million — but the report seems to be totally unconfirmed.
There are reports that Vringo may not be able to claim damages from before the lawsuit was filed.
Trading was halted after the initial crash, and resumed shortly. As news spread that the report was illegitimate, the shares began to rise before being halted again. As of 3:08 pm, shares were down 35.97 percent at $2.56.
We will update this article as more information surfaces.
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WHAT A SHAME! LAST POST OF THE DAY...RUN OUT OF POST, A LIMIT OF 15 REACH :O(
WHAT A DAY GUYS, ALL BSs, ROLLER COASTER RIDES, ETC...WHAT A DAY I/MOST LONG HAD.
THAT'S IT, TIL TOMORROW, PENDING NEWS FROM CO. OR SUCH ANY FOR THIS "NON-EVENTS" DAY.
UNTIL THEN, HAVE A GREAT NICE GUYS, SEE YOU EARLY IN THE MORNING 04:00AM, I WILL KEEPS ON READING THIS MB, KEEP ALL NEWS COMING.
THANKSSSSSSSSS!!!!!!
be "FRAND" (Fair, Reasonable And Non-Discriminatory). THANKS FOR SHARING!
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