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Thank you for taking the time to write this up. I have a little time at lunch so I will throw some numbers out there that I have held on to over the last year from various articles and collections that I feel put the sector in perspective. The most important thing to remember here (as Cooler eluded to) is that the run-up is unexplainable and undeniable so long as a few criteria are met...and DSS appears meets these. I was going to write something very similar after 4 this afternoon, but this definitely saves me a lot of time (thank you). I will add only the following:
ParkerVision went from .80 to 4.39 on Markman run-up and doubled its SP in only 2 months.
Worlds went from .115 to .54 on their Markman run-up and doubled in 4 months from the announcement of their Mrkman (noteworthy however is the fact that it ran from .20 area to .51 in about a month during that time).
Blue Calypso went from .13 to .37 in about a month. Not a fan of this company and not the best example here, but it still supports the phenomenon.
Vringo went from 1.75 to 5.73 with one caveat... They achieved a larger run-up because, like DSS, they also had a merger, leading ultimately to the Markman run-up (sound familiar?). Second caveat: DSS has already settled with two defendants, VRNG did not at that point.
These are all of the "pre-revenue" comparables, not even including the juggernauts of the sector including IDCC, VHC, ACTG, QCOM, etc... Highlander can sing their praises all day long if you would like to PM him. He's a wealth of information.
The point here is to address the phenomenon that some dont believe in, however as anyone can see numbers don't lie... Santa is real in this situation.
Now, will we have similar numbers as mentioned above? I would and will not never make such a prediction, but the pattern is there and cannot be denied. We are in a very actionable position right now as bulls and I feel very happy with my current position. GLTA
This board needs a "like" button
Yes this is exactly what I'm saying.
I can't post any more now, but will post later on this. Almost every PAE company hyped in the market over the last 2 years has seen a run up of 100% or more with Markman run up (especially VRNG as you alluded to), and once the decision is handed down, assuming it is favorable, it also causes another pop. VRNG (since you chose to reference this one specifically) popped somewhere in the area of 80% I believe after decision, but well over 100% on the run up.
I will post more on this after 4 today, but I also know Cooler has this stuff ready to fire away on Spread sheets lol... Feel free to post the comparisons and hard numbers for a few of these examples if you get the chance my OCD friend :)
Agreed, Momo certainly seems to have shifted and a day in the green should confirm the bottom (he says sheepishly as he looks out the corner of his eye at Chas for confirmation)
Thank you PI. This is not my first rodeo and I understand how Markman works. The hearing lasts all of about 1-3 hours. I'm not concerned with that. Nor am I concerned with the decision by the judge as I will likely be riding the pine with most of my money (aside from house money from profits) until the judge hands that down, or the inevitable correction in SP sets to a level I'm comfortable with while the company sits in an information vacuum.
What I am interested in, as it is the first of many profitable phases in the IP litigation process, is the run up into Markman. One thing at a time, and this is where we currently stand.
FYI TO ALL
highlander = Postyle
This makes me laugh every time
I absolutely will post something tomorrow after 4:00 when I have more time. It's been a rough day and I'm down for the count, with the wife and daughter, relaxing. Have a good night my friend and ill touch base tomorrow for sure. There are some great, factual precedents within this sector that are undeniable in execution and well worth the read. It is a very exciting and profitable phenomenon.
One thing I will add to this is that there is one metric specific to IP litigation companies that no TA, fundamental analysis, or even executive within the company can justify or explain.... Time. Chronological time associated with, and leading up to Markman predicates SP increase that is factually unjustifiable. But it is a phenomenon...and it is a beautiful thing.
Nice day (two days actually). One more day in the green and this would appear to be a confirmation.
All opinions on this board are welcomed and should be encouraged. The fact is that there are many fundamentalists (suck as myself) and many Chartists, all of whom offer excellent insight into the price action and macro picture of the company and related SP action. The Chartists here have offered estimates of picot points and well as conditional support/resistance levels based on commonly utilized technical indicators. This is concrete and indicative of significant contribution to the betterment of the board and should not be discouraged. It is not dangerous, it is educational, and like any other post should be vetted to help in making decisions regarding adjusting entry and exit levels accordingly. As long as there is no pumping nor bashing, thank you to all who contribute.
One last thing
"More shares outstanding and dilution?"
No, this was stated very clearly by management
I can't get into all of these this morning (very busy day), however I will say this:
The $100k is a placated annotation to share holders of their company. In essence saying "we owe people money, we are obligated to tell you this, and we are going to show you that with a paltry low number on the balance sheet so as not to upset the apple cart, yet maintain full disclosure."
This alone should help your remaining questions fall into place. Hope this helps.
Cheers to that
Sorry for the run-on sentence....but you get the point. The reason I, as well as the other moderators, have structured this board the way we have is to eliminate as much white noise as possible. It is that pumper mentality from boards such as YMB that is truly dangerous to young and impressionable investors with pie-in-the-sky dreams. Unfortunately it has very real life consequences and I hate to see anyone (or their families) hurt financially by a irresponsible snake looking to prop up SP while they dump. I always welcome new ideas and prognostications when based on relevant DD, but I try to minimize the noise when possible and limit collateral damage to others.
GLTA
I haven't been on Yahoo in over a year and won't for many more due to this type of unsubstantiated rhetoric that is common to that forum. For so many reasons that I can't even begin to list, among the top of that list for reasons this wont happen, is the fact that the company needs nothing, has built a hybrid powerhouse for this sector and has already proven capable of monetizing their patent portfolio, and most importantly is establishing a position wherein it would be more likely to absorb another company and/or license more profitable portfolios....not roll over to a takeover, in essence redefining a recently defined new company. This sounds absurd and is expected from that board. All JMO of course.
TA Schmee-A.....give me a settlement with Novell and take off my little hybrid baby :)
General similarity in SP movement. Although the timelines are different IMO and the two companies have zero in common, it's a nice visual...l I get where it was aimed
I like this too, but you would have to compress 2008, 2009 & 2010 price action into August, September & October of this year. That is my expectation anyway. GLTA
100% agreed.... They HAVE to hold any positive news until selling subsides. Good thing they listen to us on this board...
Unless you're all in, why complain? This is a gift at these levels. This too shall pass, if you need to quick flip I would look elsewhere. If you have 3 months to spare then park it right here and enjoy. I'm adding.
"Really glad to hear that they are looking for additional undervalued, revenue generating intellectual property to acquire and that they have investors looking to fund any of these acquisitions."
This is the foundation of any IP Litigation entity. Without irons on the fire, future value will falter and one negative ruling in the court could irreparably cripple a company. Mo patents mo better.
" I would assume.... Mark Cuban (billionaire) are the angel investors since they have a history of working together on these opportunities and Honig and Frost are both heavy shareholders in DSS"
Mark Cuban has repeatedly and public ally announces his disdain for "patent trolls" and has also made it clear that he only invested in VRNG to hedge his tech portfolio. I wouldn't include him in this list until he changes his tune. His most recent post on Twitter stated that none if his children will EVER go to BU (Boston University) because they are suing Apple for infringement and seeking injunction.
I get my swag from the gold chains around my neck (my generation... Couldn't resist)
Don't set expectations yet....there is still the big financial investor lurking and selling. Just know the co is in a good place here
Not to mention:
1. This won't go anywhere until said financial investor is done selling
2. Markman runups generally account for a 100% average. That alone would put us over 2.75.
Just a "Hurry up and wait" to see what happens situation.
Last .02 for the day
LOL...this thing ran to 3.50 and then dropped to current levels, but on no news at all. Lets wait and see. This thing can run all day on ACTUAL news.
Absolutely. They are at a loss for SP action as much as we are...and inferred from the comments is the implication that a large hand at play is liquidating positions. Once they are finished the SP should begin its march upward again. Most interesting to me is that in the filing with AMEX they managed to negotiate the terms to position the company safely in the market moving forward and they currently COMFORTABLY meet all standards for listing, including the $50MM benchmark. There are no legitimate concerns at this point IMO.
(877) 407-9205
Correct...and keep in mind, the "market" doesn't care what happened. They knew it was "going" to happen and only care what will happen moving forward. Revenues are a good start.
"The ECB appeal was heard back in April in Spain regarding the suit brought by DSS. (DSS won original case). The ruling was supposed to be released 2nd quarter but no answer yet. This would be a seminal event for the company if positive ruling. Any thoughts from legal experts very much welcome."
This is a great point. I have received a couple private messages regarding this suit since it isn't necessarily in the recent spotlight, and two easy reads to catch up are below:
http://www.prnewswire.co.uk/news-releases/document-security-systems-says-euro-notes-infringe-its-patent-seeks-damages-by-way-of-royalties-from-european-central-bank-154621405.html
http://kluwerpatentblog.com/2010/12/22/ecb-cashes-in-at-dutch-coa-dss’-patent-revoked/
Bottom line is with a ruling here and a settlement with Novell (as you eluded to above), momentum would be fantastic for the company going into Markman and fantastic for Joe Retail to bank some profits.
"One of the greatest things I believe started happening immediately is the constant issuing of stock to officers of the company will cease and desist. DSS was just plain horrible. A stock that had no insider buys (they didn’t need to!) is just bad business. I will say with pretty good confidence, Hudson Bay will effectively stop that going forward. The days of stock based compensation costs of 247% are hereby gone. "
This was one of many things that were "horrible" about the company, But I'm glad you brought this up. As there are so many negatives with the logistical operations of old DSS, new DSS has some exciting prospects. I am interested to see how this shakes out in the near term. Thanks for posting.
This is my understanding as well. Likely the numbers will be more impressive for Q3 as it will include a full quarter of revenues, however DSS should see a small bump in bottom line for the 2nd from time of settlement. Also, don't forget that we don't know if there was an agreed to past royalty lump sum (in addition to the undisclosed royalty base) in the terms of the settlement, due to Non-disclosure agreements typical to these types of settlements. These could potentially prove significant, unless past infringement was forgiven for larger future royalty. No way of knowing until Q2 release.
Yes, as I said Q2 will show revenue.
Shot down by shareholder vote. Non-issue.
Lol.... Because the merger itself produces no new revenue. Patience, the fun is coming soon. Q2, reflected revenue from existing settlements, future potential settlements, Markman run-up, future suits etc....all of which mind you could and can not happen without said merger. Patience
The day after a holiday, following a half day and preceding a weekend? High standards...
Thank you
Thank you
I appreciate the reply. It makes sense, however 400,000 to move the needle .16, and 7,000 moves it back .19. I guess it can't follow typical ratios in SP being a retrograde trade, however it just raises an eyebrow. I have to accept this explanation since its the only one that makes sense to this point. I will interject one thought, aren't dark pools typically associated with mutual funds (most with a $5 mandatory benchmark) for purposes of not muddying the market waters? Maybe my understanding of the dark pool trading logistics is flawed, but I would be willing to hear you out to learn a title more. TIA
400,000 @ 1.90 then 7000 at 1.71?
Someone, please chime in here. Clueless
Well, since my math is pretty fantastic my friend, I believe you are tapped out on your 15 posts for the day. So with that said, here's the last 20 minutes, let us see where this takes us. (You're welcome)