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We'll know soon enough! Presentation under way now at Cowen & Co.
Your post fails to mention the one thing that is different at this point and that is the investment in IP/VRNG which is a pretty big thing for you to leave out. In order to be taken seriously you can't cherry pick the information you want to include, especially when the information you are leaving out is not only material but potentially game changing for this company. My guess is that this moves with VRNG but I've been wrong before. A reverse split is not a foregone conclusion either. They could announce an number of alternatives ie. no r/s considered until 4th quarter at earliest, merger, buyout, etc. Your post is skewed so much its hard to take you seriously. Yes there is downside here and everyone knows that but COIN's prospects are much brighter then they were just a few months ago. They are also trading at a level about 250% less than they are worth given their recent financials. That does not include any potential from the IP/VRNG suit either. I think this is a pretty good bet in the short term and maybe in the longer term as well. JMO
That means there are now about 64MM shares outstanding.
New Altucher article mentions VRNG in a very positive way...couple that with VRNG investor presentation tomorrow morning and the Markman Hearing on Monday and we have some very big catalysts for COIN. I'm predicting we see a 500% move from here at minimum. Just need some real volume. We'll see what happens.
http://seekingalpha.com/article/624041-did-steve-jobs-steal-the-iphone-from-this-potential-30-stock?source=yahoo
New Altucher article mentions VRNG in a very positive way...couple that with VRNG investor presentation tomorrow morning and the Markman Hearing on Monday and we have some very big catalysts for COIN. I'm predicting we see a 500% move from here at minimum. Just need some real volume. We'll see what happens.
http://seekingalpha.com/article/624041-did-steve-jobs-steal-the-iphone-from-this-potential-30-stock?source=yahoo
New Altucher Article after hours...
Excerpt:
"I am always on the lookout for strong patent plays. VRNG, for instance, is going to crush Google in its patent for AdWords 4 years before Google started making money off of it."
Article:
http://seekingalpha.com/article/624041-did-steve-jobs-steal-the-iphone-from-this-potential-30-stock?source=yahoo
probably true...morons.
zero reason for it too...just don't get it. Have to see what happens later in the week and with Markman!
Looks like VRNG just got a key time slot...
They were moved from late afternoon to a morning slot for their presentation. That makes all the difference in the world. People are tired at those things by the afternoon and don't pay as much attention. Folks also tend to split toward the EOD.
June 4th
Prediction...I have been watching the action here pretty closely over the past couple of months. I am speculating that today and early next week there will be a big push to move this so funds that have requirements can buy prior to the Markman Hearing. I realize fully that some will want to wait until the Markman Hearing concludes but those seeking earlier positioning and potentially greater profits will not. My guess is that we close strong and green today. I say this because I'm expecting another 13G filing as early as after market close today. Who wants to be out of this stock prior to the Cowen and CO conference next Thursday where a bunch of significant eyes will be on this and of course the Markman the following Monday. This is completely my opinion and I could be dead wrong but I don't think I am. I hope everyone has a good and safe holiday weekend!
No offense but not sure why anyone would sell here. The next catalysts are May 31 (Cowen & CO conference) and then June 4th. I'd say the spacing and order of those two events are fortuitous as well. Let the big boys know that the fish fry starts on June 4th!
A holes bringing this down with 5K bids!
There is zero reason for this to be where it is (PPS) right now except panic sellers and manipulation. This will go up into June 4th. If you want to bet against it after that date you would at least have some possible facts supporting your statement at that point. I doubt that is how it will turn out though. Guarantee that IP would not be wasting the time or money on this if they didn't firmly believe they had a solid case against Google. Also, their legal representation would not risk their own reputations on a case that was not viable. Too many people fail to see that. It is unfortunate that this stock is being dragged down but the current facts don't support it being down here right now and I am counting on investors to recognize the opportunity here.
This won't go up unless there is positive news for VRNG...its just that simple. How many times does that need to be said! I guess someone could offer to merge with COIN for reason of going public but I think that is less likely right now-could be wrong. Can't see it in this range leading up to June 4th. JMO
The bet here folks is that something will materially happen prior to the shareholder's meeting June 8th. Here are some possibilities:
VRNG gets a buyout offer conditional on merger closing, price spikes, COIN spikes
VRNG gets a settlement offer, price spikes, COIN spikes
VRNG gets one or more new, big name, investors, price spikes, COIN spikes
COIN merges or is bought out by another firm, price spikes
There are only 14 trading days left until the shareholder's meeting so it not long to wait and see what happens. At the very least I expect we'll see some more big name investors getting into VRNG. We may get some updated product info or strategic partnership info out of VRNG as well which could boost COIN and VRNG presents at the Cowen & CO. event on May 31st as well.
me too...this will be above $4 by June 2nd at latest.
Dude...there is nothing going on w/VRNG right this second. When it moves, and it will, we will also see a move in COIN. I'm still betting this goes green at the EOD.
Nobody selling...at this level. If we get any volume this will move.
Yep...it should not be in this PPS territory anyway right now. COIN has not looked better on paper in months. They have cleaned up the balance sheet so that the company can be sold.
Wouldn't be surprised to see .012 or better tomorrow....
We'll see about that tomorrow!
I'll go out on a limb and bet this sets up nicely tomorrow for Friday's FB IPO halo effect.
Highly doubt that. Everyone who is buying this stock is buying it for their investment in IP/VRNG. There are a couple of very big catalysts prior to the shareholders meeting on June 8th. I expect this will test the highs again prior to that. There isn't a valid reason for this to be below a penny right now anyway. The financials were much better than expected and the near term future may offer some very bright lights. People playing games bringing this down IMO.
It will but there isn't anything supercharging VRNG at this second. The FB IPO might do it. If we see crazy volume and a pop COIN will follow suit. JMO
Stocks don't always play along with other stocks. VRNG isn't really doing much right now either its just not going down in any appreciable way. Once VRNG really heats up everyone will once again be talking about how COIN equates with VRNG. Since VRNG isn't doing much people are taking advantage of that time to pull COIN down. I am benefitting directly from that. JMO
bought 3MM shares in last 20 minutes at an average of about .0094. I'm betting this moves north from here (obviously) between the FB IPO and the hearing on the 4th. I'm surprised we are testing these lows in light of the 10Q released but it just made me check my gut again and my gut said go. We'll see what happens.
Why what! I'd say this company has set themselves up quite well for the future and if you are buying stocks that is what you want to be buying. No one expected these guys to have alot of revenue now anyway. I can't wait to see how they progress over the next several quarters. They are clearly a takeover target and they come with the added benefit of a patent suit that could be worth billions!
About what I expected. They made a decision to remove Ad's to increase downloads and that was smart. I'd rather have a little less revenue and a lot more people downloading Facetones. The pursuit of users is far more important now. Cash is good as well which is important. I think this moves up from here. Of course the IP lawsuit remains a gamechanger in waiting.
He'll probably trash it...he has been reflexively negative about this stock unfortunately. He also seems to have a day-trader's approach to getting in or out rather than any view on where this may go in light of VRNG. This is just my opinion. He'll just tell us he's waiting to get out at .0159 or some such nonsense.
Yes...it is a much better report than I think people were expecting!
This is all about VRNG...as VRNG goes so goes COIN.
COIN owns shares in IP who is suing google and others and is merging with VRNG. Those shares will translate to roughly 500,000 shares of VRNG post merger not including warrants for additional shares.
VRNG to move North!
Sorry I meant if VRNG moved up quickly to between $7-10 COIN could move to .10 and higher.
I don't think it would take VRNG hitting $20 for COIN to get to .10. I think if COIN moved up quickly to between $7-10 COIN would hit .10 and with momentum even more. JMO
MORON ALERT! Why anyone would sell before the Markman Hearing on June 4th is beyond me. I think most peoiple investing in this stock don't have a solid grasp on what the known catalysts are. The next one we know about is VRNG earnings which are due by next Tuesday! COIN earnings mean nothing, this is all about VRNG now. Any value and excitement to COIN is seen through VRNG's success. Next catalyst after that is FB IPO. Next catalyst after that is Markman Hearing. Of course there is always the unexpected which can crop up any day. So selling COIN now which is basically a call option on VRNG is stupid!
40% on this stock at this point isn't all that much actually. Once we see any real movement on VRNG you will be back in the black.
Interesting rumor that hit Benzinga today....would be big for COIN
http://www.benzinga.com/trading-ideas/long-ideas/12/05/2579244/benzingas-m-a-chatter-for-thursday-may-10-2012#ixzz1uWC3KP1e
Yes and it also gives FB and competitors to FB a nice reminder that this may be a company they want to purchase in order to do more mobile monetization which everyone knows they need right now. That is to say nothing about the patents they would be buying and the implications there which everyone knows are enormous!