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Spook,
I got out at 35 cents and have not been tempted to get back even after the push to 38 cents. Why? I think they have to dilute again because ZTE imho will not pay up by end of 2016 AND, company stated the will increase marketing with flicharge. Increased marketing means more $$. I think lower prices are coming. JMHO.
I am wondering how we get a 3-5x multiple on a one time payment. I could see 3-5X on recurring revenue. Comments?
Short interest unchanged just as I suspected. Those who claimed it was shorting taking the stock down were wrong. Just sayin. I am in agreement with IPHAWK that the payout will not be billions or even 800M. Look at SPEx. A guy on there was pumping Billions and they ended up with 295K and the rest is undisclosed. SMDH
Probably will be.
Just sold at a Loss. Something is just not 'right'to me. I will look for a cheaper entry. If you guys want to get in touch I can't do messages here they want me to buy a subscription. Send me your email thru a message i will return mine.
Each time we go green they sell it down immediately. Someone is anxious to sell or short. Probably both or maybe this is the 11M shares being added to the float?
I think the Filing said they will get 295,000. Not close to 100M. comments?
"basically supply is outpacing demand therefore price is dropping - basic economics"
Wow well said. Some folks here are blaming stating ZTE is shorting the stock could be but highly doubt. I am skeptical of some of the posts here as I don't know who these folks are and what their agendas might be.
Not shortable..lol
Yet 11.7 million shares are held short
9/30/2015 11,765,229 525,647 22.382376
9/15/2015 11,601,458 379,526 30.568283
Read more: http://www.nasdaq.com/symbol/vrng/short-interest#ixzz3pON8JpeI
Spook,
I agree. This last dump from dropped us 15% in the last few days you can thank VRNG for. 11M new shares on the market (same effect as shorting). Those need to be absorbed by buyers.
We are likely down to about 12 more months of cash. Company needs to start planning another dilutive captial raise. To get 20 million they will need to issue 60M shares that wipes out about 50% of any gains we might get later. This dilution is going to wipe out any wins for shareholders if they continue.
THey may also need dilution to raise cash to drive more sales into those new purchased companies. I think 100M new shares is high probability. So if we were thinking the stock could hit $2 based on the outstanding shares today it will be $1 after dilution. I understand the selling now. JMHO
Watching .35 cents being taken out. You can only Short at the ask. Someone is plain old selling to the guy bidding .35.
10 cents i can see in the next 60 days. At the rate we have been losing its not far off.
You will only see 1 cent if they let cash get too low without raising more.
Not enough buyers to stop the selling (short selling). Can't blame anyone for waiting this one out. Can you imagine if it gets shorted down to 10 cents? I could turn my 35,000 shares into 140,000 shares. I am really tempted to sell here and wait for this Turkey to bottom.
ZTE is shorting.. Everyone is shorting obviously except me.
WTF is PRELIMINARY injuction? Is ZTE selling in Brazil and Romania?
I am disgusted with this Investment. What a disaster so far. The potential reward continues to shrink along with my investment. Double whammy.
I think the company is working on a secondary to reduce the risk of running out of cash. I think smart money knows and will buy in after that happens. Maybe I am wrong. Seems I am always last to know and a day late. JMHO
I hope its not desperation, instead I hope its part of the master plan. Maybe with Google off their plate they have resources freed up to pursue some other infringements like DirectTv.
So what about your prediction. Shorts are making millions and of course they continue to short. There is no reason not too. The momentum is still down. That is driving the price down. Once the computers are set to the other direction they will trade up instead of down. But we need a catalyst to make that turn. It could be a trade signal or news. But I think its coming.
I looked at it.. looks to me like the patent is theory based. I have no experience in patents but this looks to me to be one where its going to need a jury trial. The fact that DirectTV is going to be sued tells me they are not in agreement to pay a fee for it. Dissappointing to me.
Anyone have a comments on the patent itself? Is it too obvious or is it truly an invention?
Good Point. Maybe you are correct with 250M. Either way, we are getting more insight as to what the majorities think that number is. The Billions number being thrown around seemed out of line and I think most believe it is. I am glad IHAWK shared his opinion. Maybe a good reality check for potential new buyers.
IHAWK thinks handset are out. That is huge if they are out. He is talking 80M settlement. My guess was 50M.
"My numbers are for infrastructure only. The majority of the $817m comes from handsets, which I don't believe they will collect on. "
RE Breaking: No VRNG
I don't see reference to VRNG :(
The shorting continues..
Or does it? Seems to me we have less shorts than we had in June.
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
9/30/2015 11,765,229 525,647 22.382376
9/15/2015 11,601,458 379,526 30.568283
8/31/2015 11,731,277 584,645 20.065642
8/14/2015 10,623,951 701,449 15.145721
7/31/2015 10,682,509 857,797 12.453423
7/15/2015 10,657,036 600,345 17.751520
6/30/2015 13,010,967 1,365,944 9.525257
6/15/2015 13,420,177 504,564 26.597571
Read more: http://www.nasdaq.com/symbol/vrng/short-interest#ixzz3p1g5uzLA
VRNG is going to accelerate FliCharges business since they haven't been able to gain any traction doing that.
How will BRNG do that? Weird imho
Vringo is "extremely excited" about the acquisition. presents an opportunity to create significant value and diversification for SHAREHOLDERS
I am a buyer I have not been let down yet imho.
ZTE will not settle until the judge orders them to pay IMHO.
Can you imagine if the ZTE CEO tells his BOD he wants to pay Vringo $1B today ? He knows he will be fired if he does that. He will never do that imho
Exactly the same message I got from the article. These companies need consistent cash flow to fund the business. IMHO that is why VRNG bought this company.
Logitech trades at 1X revenue. 10X is too high imho.
Maybe the negotiation has more to do with the complexity/sophistication of the patent? Is ZTE thinking the patent is simply obvious? IMHO this could be a major factor in patent licensing.
IMO if smart money smelled a settlement was close the stock would not be selling at under fifty cents. JMO
MHO too. There is no settlement coming near term IMHO
Not a technical expert by no means but stock price seems to bounce when RSI hits 30. We are around 30 now. I wouldn't sell if you are thinking too. JMHO
My concern is collecting. Has ZTE paid anyone that we are aware of?
And when will we potentially get an award. We are now out beyond March of 2016?
You are correct.
But US courts taking from Chinese bank accounts in the next 14 months is unlikely imho.
I believe this story was about G and hoping Z would settle. G is dead, and Z is not settling that is clear in the docs. You are watching money exit the stock as a result. That is my take.
Wish me luck i need it.
Giov,
As the share price sinks it takes more dilution to raise the cash goal. If for instance we want to raise $24M to fund another 24 months it would take 80 million shares at 30 cents per share. That doubles our share count, cuts our stock price in half, and lowers our potential reward. I see no reason the stock price would move up since money is flowing out and money is not flowing in. We need ZTE to settle but they are clearly not. Recent court docks tell us that.
Our potential reward is shrinking. G is gone. ZTE will not settle apparently. We are out to March of 2016. I don't see ZTE writing a check in the next year so guess what. More dilution. Now our prize shrinks more. Say 200 million shares and we move to a 400M Market cap gets us $2. Too much risk for not much reward is what I think people are thinking.
Owning this stock is like owning any chinese company. Think about it, V's only chance for revenue is ZTE right now. I never wanted any chinese stocks why did i buy this one sigh!