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$12 to $1 tomorrow!! I guarantee it!! How anyone could pay a quarter of a Billion Dollars for a company with 1.6MM in quarterly sales just proves what a scam this POC is!! Put is another way COIN at its peak was worth $160MM when it was $12 plus 5 reverse splits ago!!
Shorting FNJND first thing tomorrow
what happened to forward looking markets?? are you telling me people can not wait till October to get rich?? 8 weeks man!! or is it because smart money knows the market is set for a 15 to 20% correction making this a foolish purchase at this point??
Think about it no one is lining up for this wealth builder in October because 2.84 is coming to a broker near you
I spoke with a friend last night who is a lot more knowledgeable about Google search and this infringement issue, more specifically about holding my free shares long term. His response was the chances of Google Search even existing in 10 years is about the same as General Motors still making internal combustion automobiles in a 100 years. The point was this industry moves fast, and expecting 10 years or revenue or 10 times earnings is foolish!! He congratulated me on my profit and wished he had done the same. I reminded him that is why I retired at 31 and at 43 he still has a lifetime of work ahead!!
Hope this help some, with the reason behind why this is not moving up to $15-20 on the news
Atlatsa: investment case
• Junior PGM producer progressing to a mid-tier producer
• 100% growth target over next 5 years from 2012 base
• Comparatively low capital requirement to fund growth
• Fully financed at attractive debt coupon
• Quality orebody with Merensky focus
• Strong management team with successful track record
my favorite part is this though
• Term: 2013-2020
• Cost of borrowing: 2% average
That is going to make a massive difference and hopefully push this thing into a cashflow positive situation sometime in the next 7 years.
I am holding 150,000 long term and may add mre as we move along here with more signs of progress on this plan.
GL2U and a uplist to TSX will help get more instituational investment in here which would be helpful.
maestro
Free shares is a traders term, of course they are not free!! They are risk free!!
If you buy in the 2.80s and sell your initial investment in the 3.40's, the 60 cents a share you make is converted into free shares with no risk of losing money!! I have done it 11 times here and have 29750 free shares!! that being I have investing currently not one penny of my own money in this company!! If it files for BK i lose nothing except for paper gain!!
I do however have a 17,500 buy in at $2,84!!
Lather Risk Repeat!! Only way to make safe money in these hyped play!! If you want a buy and hold i got plenty for you too!!
This is exactlt why I trade and accumulate free shares and never hold!! Smart money doesn't buy the paid blogger's stories on line for a reason!! Markets way to efficient for nayone to tell me that this is going down because of manipulation or shorting!! his is going down because no one is buying the $100MM in sales from Google!!
JMHO
Agreed 10 times earnings or 1 times sales is a guess!!! Actually I have done some of my own DD, and based on the fact that the market has not responded to this news, I believe there might be some truth to it!! Google bought more time, and what I was told is $100,000,000 / year buys alot of programmers and lawyer to agree they have a different mouse trap now!!! This recurring revenue might not last even close to 10 years!
Time will tell, but one thing is for sure equity markets are efficient, and if money was really coming soon, it would have shown up in the PPS this week.
Ok lets just assume they get $40MM per quarter from google!!
If my math is correct all things being equal they would earn on that about $24MM/quarter or approx $100MM annually!! That would make this company worth 10 times earnings or $1B mcap = $15/share based on 83MM outstanding.
Now if they did win Google would be smart and buy them out for at least 10 times the settlement since not one person would be kept from VRNG and the Cost of Sales would be zero for GOOGLE!!
That is $1.6B or approx $20 per share!!
Either way this thing will fly if and I mean if they ever get the money!!
My guess is it will be a fraction of what is expected here!!
I took a 2/3 position in this at 19 cents and sdded amother hird and 26 cents so obviously I am going to be biased in my assessment!! This one was beat up like all the junoir miners, and rightfully so because it was run very poorly by previous management. The new managment has a real plan to make money and create sharholder value, and based on the restruction plan with Anglo that got approved my target 6 month PPS is 75 cents and next year $1.25 when junoir turn around on strong commdity prices!! I have not sold a single share even on the 50 cent run a couple of weeks back because I think the upside is much greater than any possible downside at this point.
Good luck, and wish you had loaded with me at 19 cents cause really no risk here now!! afterall it is just money!!
; 0 )
and todays excuse is what exactly.......
More News
http://finance.yahoo.com/news/south-african-department-mineral-resources-130000776.html
This is the next step in eliminating the high interest charges!!!
If this company can become cashflow positive which I believe is the goal for 2014, we could be back in the $1 share range, even with the obvious increase share count!!
GLA!!
next is the deal details and cash infussion and better terms!!
maestro
THIS IS IT!! LIFE CHANGING RUN COMING UP!!! well for thise with 29,750 free shares it is!!
See you guys on the other side of $6, party is on me in Vegas I am buying the first round!!
maestro
HERE WE GO!!!
; 0 )
still waiting to get rich here!!! all my other picks have been on fire yet this one has 100 times as many posters and it has flounder for a year!!! Still waiting!!! my free shares are all up for grabs at $6!!!
come and get them!!\\maestro
Just wondering what today's popular trending excuse is for this baby not flying to da moon after the whole weekend of buyers having time to read over the press release and realizing that the casino odds have changed??
I am all ears
BUY ORDER @ 2.84 for the next 30 days!!!
not moving it!!
I never chase the markets, I let them come to me and my money!!!
GLA!!
maestro
With $48MM in Revenue and $4MM in Opt Profits this quater this company is real close now!!! If they reduce much of the $14MM in financing by selling stock, I can easily see this company with positive earnings very soon!!! That is provided they are not bought out which is also a very likely senario now!!! That might explain the pop to 50 cents two days ago!
GLA!
Hold for at least 71 cents!
Fair market value after restructuring could be as high as $1.50 in 2014 IMHO!
maestro
SUPER STRONG BUYING INTO THE CLOSE!!
Now that is what you call holding a gain!!
; 0 )
See yah Tomorrow!!!
EPIC MOVE AGAIN!!
Who knows!!! tomorrow might be BLACK TUESDAY for all we know!!! All I know is that this market id primed for a massive corrections and it will happen way before you ever hear a word from VRNG managment about any lawsuit!!
GL and all JMHO!!
maestro
Dump Volume Increasing!!
3.32 breaking down!!!
Looks like a BLOOD BATH close coming up!!
3.11 will be tested today!!
maerk this post!!
maestro
Yes son and this one will be leading the way down!!! You honestly think this spec stock is gonna hold $3 when the Down drops 600 points a day for a week??
get a clue!!
maestro of Vringo!!
Regardless of you opinion on this stock, you have to know that the market is way ahead of itself now, and we are setting up for a major haircut before October 1/2013!!! This market look really toppy to me now and I have lightend up all my positions!!!
GLA!!
DOW going back under 13,000!! mark this post!!
Why is it anyone who tells the truth is a short ? These guys are buying stock with Monopoly money. If you get paid 350k per year and you spend 50k on stock at a deep discount to market, is this a big deal? No!!! Most of these guys couldn't make a quarter of their take home pay at a real company.
4) Insiders are buying with your money at discounted share prices. Real confidence eh son?
An insane burn rate like this tells me two things about management. 1) Little confidence in future share price. 2) Little respect for shareholders.
JMHO maestro
Never said I was the greatest trader on Earth son, you did!!! Of course having just under 20,000 free shares with no risk what so ever of losing any money, that would clearly make me a much better trader than you!!!
; 0 )
Seriously how long have you been holding on to the bags here?? \They are getting heavy no!!?
I actually think they will get a decent ruling and this thing can go to $5 or 6 without any problems!!! why I am collecting free shares is because this is also the most controlled predictable trader on the market!! You know they are using software right?? This is not just some retailers buying and selling on a whim!!
Just figure out the trading algorithm and you will be wealthy!! hang out on message board all day and talk about manipulation, shorts, pending news and look like a cyber hero when in real life you probably still live in your mom's basement!!
; 0 )
You do realize that shorting is legal and needed in the markets to balance things out right??? Just for a minute think what would happen if these guys get next to nothing from google for their patent. Hey imagine if they get NOTHING!! To zero like a bullet!! There is way more downside gain to be had on a negative ruling than a positive one to the upside, but then you are to jaded to see that right!!
; 0 )
what exactly are you saying man?? You want me to not post the reality and let you continue rambling on about MMer Manipulation so you can sucker people into buying here when you darn well that the PPS will more than likely retreat back to 2.80 in the next 15 trading days or so?? I would be dollars to donuts that you are one of the MMers at 3.23!!!
am I correct??
CHIRP CHIRP CHIRP!!
Oh pleazzzzzzzzzzzzze!!! MMers have to make a market man!! all you people scream about manipulation and telling people to hold strong I sure hope you are loading the boat at these perceived discount prices you speak of!! \<<que chirping crickets>> Chirp Chirp Chirp!!
There is no buying interest plain and simple!! if there really was the PPS would be going up
You know you sound a lot like me when I was much younger and didn't have a clue how these markets really worked!! Do not take it as an insult cause I am trying to be constructive so you can accumulate free shares with us and eventually break the manipulation you speak of which is also known as smart investing with strong risk management. Get this "I am gonna hit a homerun" outta your head ASAP and realize that like any game it is won with singles, sacrifice balls and strong defense!!
hope this helps you out in the long run
maestro
why announce an interim CFO when they knew the incumbent was leaving for awhile now??? Anyone else think that there could be something on the M&A side happening here?
JMHO
GLA!
27.5 will be a gift at the end of the summer!!
maestro
Earnings 13 days or less!! I think I will hold and see why the stock has doubled up from its all time lows!!
; o )
THREE OHHHHHHHHHHHH NINE CLOSE!!
That should break most peoples spirits!!!
; 0 )
Good News only a couple more 15 cent loss days and we should be right at support!! Not long now! Should get nicely filled while on the dock fishing next week!!
; 0 )
If by chance I am wrong and this goes straight to da moon from here and i miss out on another 2,000 free shares on trade #12, well so be it!!!! hey just outt curiousity how much is 29,750 free shares X da moon anyways??
LOL!
I can not lose unless they file Bankruptcy and I am dumb enough to hold through that!!
; 0 )
Intraday son!!! and I actually buy anything under 2,90 if you want the real truth!! typically my acb in 2.84-2.86!! and it will be again very shortly!! now lets stop being part of teh problem and start being part of the solution! just put my buys in 8000 of them!!
GL2U all!! I am on holidays at my cottage in Muskoka so I will not be watching this much!!! i have a stop loss at 2.65 just in case!
please take this as constructive and not an insult!! You are actually part of the problem here!!! If you used a strategy of buying at 2.80 and selling at 3.40 taking you initial investment off the table every time, you would be contributing the reduced shares being sold on every swing!!! I have 29750 free shares and if everyone else did, you wouldn't care about the 2.80 decline and long term would win if this goes parabolic!!
JMHO
so I take it you are loading the boat now right??
funny all selling even at this discounted 3.15 PPS!!
2.80!!! watch it always takes time to bleed a \BIG FAT PIG#
now who would ever want this to go to $5??? not me when I can make 60 cents on a 2.80 stock 8 times a year!! Annualized that is like 400% plus!!
Now we test $3.01!!
Watch and Learn