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Me either...I am waiting for effect from VRNG earnings, FB IPO effect on VRNG and of course Markman Hearing on June 4th. These are the catalysts that will effect COIN. I don't think COIN's 10-K will mean anything. Everyone knows that this is about VRNG right now and COIN's value proposition is intricately tied to that. JMO
Moronic post. The surge in possibilities for VRNG is due to IP. That doesn't mean that VRNG isn't valuable as a stand alone its just that an IP court victory would take VRNG from 0-60 in about ten seconds and it would take years for VRNG to even get to a fraction of that growth on its own. Do you really think Mark Cuban would have invested without the IP suit? IP and VRNG will merge though. It would be very tough for either of them to back out at this point.
Just chill SmarTrader...this will have its day. We need very positive news on VRNG first though. Earnings out by early next week. FB IPO right after that then Markman Hearing in early June. Always a good chance that another huge investor comes in as well. Plenty of catalysts and that spells good things for COIN. If I had any more $$$ I would be piling in here. Already hold $4MM shares and plenty of VRNG as well. People don't get this and that is fine...they will at some point soon. JMO
If we didn't have so many catalysts I might take that view but we have so many things coming up: FB IPO, VRNG earnings, Markman Hearing, etc. This stock will move when we get a little news. JMO
just looked at it and it says .0104
Depends whether a verdict is announced in the Oracle/Google trial before close. This might scream in after hours as well if Oracle prevails. If they don't on the initial questions I don't think it will mean all that much for VRNG. The upside was painting the picture of Google as a copyright and patent infringer some of which is left to be decided after today's verdict. I really don't see a ton of downside to this. JMO
Buying VRNG would be easy for them. Need to wait for merger for completion but I guess the offer could be contingent upon successful completion of merger. If someone disagrees with that please let me know. I know everyone has been saying merger needs to be complete but a contingent offer could be made IMO. The reason for FB to make the offer now is to take it away from Google who may decide buying VRNG makes some sense and limits their exposure legally.
I have owned this stock for over two years. The only way this goes through the roof as you say is if they announce a partnership or investment that allows for more rapid expansion. Of course a deal with Sony would help, not least for the name association benefit. The other avenue would be to have a "hit" APP. Not sure that is around the corner. The bad thing about this company is that their PR sucks. They actually seem to find ways to screw up momentum. The blog is fine but there aren't really new investors emerging from it so the same eyes are always on it. Lately I have not been impressed. The last big move was the lead up to a big announcement about a partner. The Mediafly deal was a long time ago now. No major, major excitement since then. All I know is that it sucks to be sub penny for so long.
If you are day trading it then you have to get out you mean. This stock is not going to move, really move, until there is substantial news with VRNG. It is just that simple. I'm in and not touching this until I see that news.
Share count is 180MM outstanding...if anyone thinks I am wrong please correct me.
I would have thought we would have seen more of a bounce out of that. Back up to the 3.90's at least.
Where to tomorrow?
That is exactly 29 business days away. Looks like Facebook IPO may be delayed but in all likelihood we will hear news on other aspects of VRNG's business prior to June 4th. Of course a buyout or settlement offer pending merger may already be in the works. We just don't know. I would rather be in this stock than trying to maneuver to make a quick .50 here and there. JMO
Momentum for COIN is going to come from VRNG news plain and simple. As goes VRNG so goes COIN. Got a bunch of panicked people here who will be sorry they sold when substantial news breaks on the VRNG front.
Totally agree...this stock is inexorably tied to VRNG. When that jumps on news so will COIN.
come on moderators...do your job!
agree with that...
Sure, but my guess is that if IP were to receive a settlement offer of $500MM plus ongoing royalties they would take it. Its a bird in hand and it gets rid of unknowns. Its not a matter of if they have the money to go through a trial (not inconsequential to be sure) its more about timing and risk. This is the world series of poker man. You stay in the stakes get bigger but you can lose everything. The corporate counsel and top executives on both sides are not going to be held hostage by their litigators. At the end of the day the litigation team will walk away having been paid. They care but they are on to the next case. This is about a win and having something to show for it trust me. I'm hoping we see $3b just like every other long on this board but if they get $500MM and royalties and that is announced tomorrow I will jump up and down.
I think he was being facetious...
Could be...but not illogical. The best out, from a cost effective standpoint, either of those companies can get may be now. If this goes to the Markman on June 4th and IP has a good day that day the price of poker is going up dramatically. I am thinking like an attorney would here and trying to mitigate risk as much as possible. There is a fine line between fighting so that people don't think that you are going to lay down and therefore they start coming out of the woodwork with frivolous claims and allowing the mother ship to get nailed prior to engaging the cloaking shields. JMO
saw that as well....posted yesterday on stocktwits.com at 9:26am. Could be complete bs but it from a practical standpoint it obviously makes sense. Taken with the recent sale of patents by Microsoft as well as the award to Apple announced this morning I'd say this is just the beginning. IP filed their rebuttal to Google yesterday as well. The rest of this week should be very interesting. I am expecting that there will be news of some kind and that it will be positive in nature. I don't want to be out of this stock right now trying to pick up a quarter or .50 gain.
Sapfsr
Reports $GOOG and $AOL both in talks with Vringo/IP to reach settlement out of court for the patent dispute to avoid going to trial $VRNG
On the other hand this investment makes COIN an attractive merger proposition for a company that wants a cleaned up shell in order to go public. Iroquois thought their investment in COIN was dead and this was their opportunity to resurrect it. As Rain said, a smart play...possibly the only play. It would still be considered a hail mary but it may start to look a whole lot better in the the next few weeks. We'll see.
Excellent reading on importance of Markman Hearing attached at bottom of post...my take on it is that this is "the" opportunity to present persuasive arguments on claims that could lead to a settlement. This comes down to everyone on the IP side bringing their A Game. If IP does a great job on June 4th, Google et al., will not wait for the Markman ruling to make a settlement offer. They would be worried that the Markman ruling would only confirm their fears and thus cost them more money. After tomorrow (when IP will file rebuttal to Google's April 20 filed court docs) this is what I see on the horizon...
April 23rd-June 4th-Any offer in this time frame would be designed to limit damage as much as possible if Google thinks there is even a 10-15% chance they could lose going forward. This offer would be less robust than subsequent offers. Maybe $300-500MM plus royalties.
June 5th-until Markman Ruling which I am guessing would take no longer than 60 days in this jurisdiction. A settlement offer here would be more robust if Google feels IP has the edge after the June 4th proceedings. Possibly $1b or more plus ongoing royalties.
Markman ruling up until trial date A settlement offer coming here would be most costly to Google IMO. Could see $2+bl plus royalties. This would be an admission that the opportunity of a loss at trial is simply too great to be tenable.
All just my opinion...wouldn't be surprised to see the first stab at a settlement after IP files a rebuttal providing that things still look strong after rebuttal, which I expect they will.
http://www.finnegan.com/resources/articles/articlesdetail.aspx?news=9a8bf39b-c419-4329-9f6a-08ac0a647c7c
Good points all...thanks man.
Yes I also saw that guy Rain. Also saw several people raising the possibility of VRNG doing a secondary because "they have no cash" right now. I can't imagine them doing a secondary when this thing is likely going to rip any day and if they had to they could do it at a much higher share price. Also, I would think Cuban would have gotten assurance against something like that near term. JMO
All just speculation until next week. I agree the timing of the PR was unfortunate. Was there some reason why that had to be announced last week? Would be interested to know if the company bylaws state a certain notification requirement to call a shareholders meeting. Usually one can be called on much shorter notice. I can't come up with another reason they would have done it 7 weeks in advance.
dude why are you going out of your way to be such a d-bag? Nobody can take you seriously since you post so much inane drivel.
I actually fear getting out of this thing...because I know it can explode at any minute. I definitely don't want to let a whole weekend pass on the sidelines. Next week will be interesting given that Google will have responded and IP will have presented a rebuttal by Monday.
Just read that and I appreciate that history. Thanks!
Balanced comments...did not mean to offend just trying to understand people's motivations here especially those who post quite often. For the record I am LONG COIN but I could see this tanking if the IP/VRNG lawsuit were to hit the skids. I'm not expecting that however. In short, the IP lawsuit and pending VRNG merger were the only reasons I bought COIN.
me too...how much $$ do they get from that deal?
New street.com article validates reason for Cuban investment was the patent case...which if you had half a brain you already knew but this should give the stock a boost today. I think there is a pent up move about to happen. JMO
http://www.thestreet.com/story/11501516/1/the-five-dumbest-things-on-wall-street-this-week-april-20.html?puc=yahoo&cm_ven=YAHOO
There's a lot of that going on.
That would certainly be my preference...
I have a total of 4.5MM shares in this some of which came yesterday....believe it man. This stock is intertwined with VRNG and there is too much on the horizon that should move VRNG north and thus COIN. Someone posted yesterday that each $1 move in VRNG means a half penny move for COIN which sounds about right. Of course high volume and momentum can always move it faster. Facebook IPO is reported to be May 17th or a couple of days sooner and then the Markman Hearing (which should be the turning point in the IP case vs. Google et al.) on June 4th are major catalysts for VRNG. There is also the possibility of Facetones news at any time. This may prove a bouncy ride in COIN at times but I'd rather be a passenger than sitting at the bus stop.
No, the former...Markman Hearing will likely be the turning point in this case if we don't get some sort of settlement offer sooner. Only 31 business days left until the Markman Hearing! Only 19 business days to go until the reported FB IPO! VRNG is going up. JMO
Needs to be ratified by shareholders first though. Not sure when that meeting would happen but I hope it's soon!
This was a big hammer over the head today...bring the price down so certain people can load up and it will be taken higher. Any significant news on IP/VRNG lawsuit and this blasts. A lot of people panicked out today and will be sorry. JMO
I'm counting on VRNG going significantly higher and I think COIN will go to .10 or above. I realize the IP deal isn't the only solution and that a merger partner is what takes COIN much higher. For all we know they are having those discussions now. The fact that they have a decent position in IP will get them many meetings. We'll see what happens but I appreciate your comments.
Wait until there is news...this will blow up! If you watch this every second you will make bad decisions. This is going to .10 or higher before June 4th. People who sold today are morons. Reading the majority of the posts it is clear that most don't understand the deal with VRNG and also do not know what the current structure of COIN is. Of course there is a possibility they could r/s in the future but only if plan A doesn't work out. I'm betting plan A works out and will be waiting for news updates relating to plan A.