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In a stock like this where many enter for a quick buck having done very little due diligence and having very little patience, panic selling similar to what just happened will occur periodically. Don't sweat it, and most certainly don't join in the crowd...you'll regret you sold a couple days later, and usually much sooner than that.
If you're waiting until the Markman, then buy and hold. You should be handsomely rewarded for your patience.
That's the reset we needed; now get ready for a leg up!
Seeking Alpha Article:
WDDD - A Conversation With CEO Thomas Kidrin 2 comments
Feb 19, 2013 10:44 AM | about stocks: WDDD.OB, VRNG
It was just a year ago when excitement started to really gain traction concerning the stocks of companies that were suing large mega corporations for patent infringement of their protected, respective technologies. After Vringo's (VRNG) recent victory over Google, investors began to search for the next possible multi-bagger and it appears the early birds are targeting Worlds Inc. and their lawsuit (explained here) against game giant Activision Blizzard. With the upcoming June 27th Markman hearing (aka patent claim construction hearing) rapidly approaching, I had a few questions for (WDDD.OB)'s CEO that would ultimately sway my decision to be one of the early birds.
Question: Obviously when approaching the very respected law firm of Susman Godfrey L.L.P. about taking your company's case against Activision Blizzard on a contingency, they would need some time to evaluate the case before giving you an answer. How long was it before they decided to take the case ?
TK: Susman Godfrey spent nine months reviewing our case before they came back and said, "We'll take it." They had a team of experts extensively review our patents and prior art work and they also studied the court records of our case against NCSoft that was ultimately settled out of court for an undisclosed sum. We received three additional patents covering prior art and the assumptions of validity were greatly enhanced.
Question: Of the seven patents that your company has been awarded, how many of them are you claiming were infringed upon by Activision Blizzard ?
TK: Five
Question: How many claims of infringement are you making against Activision Blizzard ?
TK: There are 59 claims across five patents.
Question: What is your company's monthly cash burn ?
TK: About $20K to $25K per month and with last Thursday's filing whereby we raised $302K, we have enough cash for the next twelve months based upon the high end of our capex needs.
Question: Can investors look forward to any future patents besides the seven you've been awarded ?
TK: We believe so.
Question: There was recent blog chatter that either management of Vringo or certain large investors in Vringo or both had engaged in conversation with your company about investing. Is this true ?
TK: I can't comment about any such conversations.
Question: Does your company foresee any such problems concerning "laches" and the ability to seek damages before the original filing of the suit against Activision Blizzard ? The same sort of roadblock that Vringo encountered, including "willful infringement" action ?
TK: No, as we are the original founders of our technology unlike the technology that Vringo bought from Lycos and secondly, we've had past discussions with Activision Blizzard's CEO, Robert Kotick, concerning a possible JV with Worlds Inc, so he was aware of our patents many years ago, yet made the decision in our opinion to willfully infringe upon our patented technology.
Question: In giving potential investors a chance to critique the current valuation versus the potential valuation based upon successful litigation, tell me about your current share structure.
TK: After Thursday's filing, we have approximately 82 million fully diluted outstanding shares and the float is somewhere between 20 to 25 million.
Question: Knowing that your company is seeking damages for many years prior to the filing of the lawsuit against Activision Blizzard and potentially many other MMOG gamers, what about the timeline of damages going forward ?
TK: Damages being sought forward from today are in the range of six to seven years out and we cannot comment at this time about future potential defendants.
Question: Susman Godfrey L.L.P. has been very successful in recent litigation against some of the world's largest corporations such as Comcast, Alcatel, Samsung, Oppenheimer, Xilink, Avnet, Microsoft, Alcoa, IBM, Oracle, SAP, Ariba and many others. Have they had any experience in dealing with Activision Blizzard ?
TK: Yes, as they sued Activision Blizzard previously on behalf of Paltalk and an out of court settlement was reached on the eve of the trial for an undisclosed sum.
Conclusion: Although nothing is ever 100% guaranteed, I absolutely love the set-up here heading into the Markman hearing. For anyone who has an ounce of speculative blood in their body, they MUST at least have some sort of stake in WDDD for what could be potentially huge upside gains, especially with a current fully diluted market cap of $21 million here at a PPS of .265 in comparison with Vringo's elevated market cap of over $250 million. The company has enough cash for the next year and with Susman Godfrey in Worlds' corner after having already beat Activision Blizzard once before, this factor alone does indeed provide a meaningful margin of safety. I also believe that Vringo management, large Vringo investors or both are in talks with Worlds Inc. and if confirmed, that's an additional huge boost, not only for the stock price, but awareness.
Disclosure: I am long WDDD.OB.
Churning a while; when more volume comes in this will hit a new HOD.
I'm pleasantly surprised so far; if we have a couple days where 1.5 million plus in volume hits, this stock should test new 52 week highs. And it appears that exposure and awareness is the only needed ingredient for that much volume...it should be here soon.
I'm pleasantly surprised so far; if we have a couple days where 1.5 million plus in volume hits, this stock should test new 52 week highs.
I'd like to think the share price will rise this week (though who knows what will happen) simply due to lack of selling. It would seem to me that by this time, with what appears to us roughly two weeks until the gavel slam we've all been waiting for happens, that those wanting out have bailed already but those wanting in may slowly creep in to make a buck or two on the final judgment concerning RR, and by slowly creeping in they move the price up. I'd like to think this; actually, I admit, I'm thinking it...
I'm new to this stock; looking to initiate a position tomorrow. Can anyone point me to some DD posts and/or let me know some key dates when catalyst news is expected? TIA
Can anyone give me a fair assessment of market response to this? I'm not looking for a super-bull assessment or a super-bear assessment, both of which I would discard immediately. Just looking for some educated thoughts on market response so I can decipher how to process what may happen on Tuesday without being shocked or surprised that it happened.
Being down $7000 yet, I'm in the same boat as many in this stock, and, as with many here, I don't mind cutting my losses to go elsewhere. I would like to recoup some of the cash, but I don't want to sit on shares which the market deems are worth less and less money as time goes on.
I'm responsible for my own trading. TIA for any thoughts from experienced traders who know the markets better than I (which doesn't take much!)
You guys know how heavily invested in this stock I am; if not read my previous posts. So I obviously desire it go up. But what I am afraid of is that we are not yet poised to do so and investors should know why. There is still $200,000, according to a previous post, which needs to be sold to shareholders (probably via a little dilution, which is not necessarily bad) until the total of $500,000 is reached. They have raised $300,000 already according to the post. This makes investors reluctant, and should. Also, there is someone up top selling a ton of shares, and until that "someone" stops selling it is going to be hard for this thing to go anywhere. About 100,000 shares were bought at .248, but the ceiling didn't move and the number of shares stayed at 2500 no matter how many were bought. Therefore, either the company is selling shares on the open market for raising funds or it is manipulation or something else screwy, but whatever it is it is concerning for an investor, myself included. I hope this thing goes up (for obvious reasons), but I don't want to give new investors the idea that this stock is a guaranteed money-maker. No stock is, or ever will be. Let's be honest, not manipulative, so we can all make money. Otherwise people invest because we lured them into it, and if they lose money we are partly culpable. There is a way to make money honestly, with integrity, without draining the pockets of your neighbor who lives next door or next State from you, and that is all I'm trying to ensure though it is not entirely possible (I understand that). Happy trading.
Fair enough. I hope I'm wrong! But just looking at the chart historically gives one the impression that when this recent run of MOMO and exposure is finished, the price will drop a little bit. If it doesn't we all make money; if it does we have some more buying opportunities. The hearing is a little ways off yet; if we were only 6 weeks away I'd say much differently. Your opposition to my opinion is well taken; again, I could be wrong, and I even hope I'm wrong...
I hate to say it, but with all the selling pressure in the last while, you might be able to wait and find an entry point in the high teens. FWIW, JMHO. Hope you find an entry!
Thanks.
What's happening right now? Buys are coming in but the price doesn't move. If we can once get beyond .248 it should move, but why are we not yet able to bust open .248? TIA
Anyone have an L2 shot they could share? TIA
Hope you're right. Would the purchase of 100,000 shares be enough to propel us through the resistance?
I don't disagree. I just prefer investors invest with a level head, not becoming disappointed with gains of 2%/week. Booms may happen, but they are the exception rather than the norm. I hope one occurs soon, but I expect the price will creep up slowly and largely unnoticed. Again, FWIW, JMHO.
I love your enthusiasm. For those thinking of entering this stock, please note what you probably already know: the Markman hearing is June 27. Therefore make sure you are spending money which can be tied up for 3-4 months. I agree with Smitter that this stock has great potential, and I don't see .75 as an unattainable price prior to the hearing, but I differ in that I believe the stock will quietly progress higher over the course of weeks rather than with one big boom. As with most stocks, and investing in general, I think patience will be the key to making money on this one. FWIW.
Patience, ladies and gentlemen. The price action of this stock is out of our collective hands. Instead of in-fighting we could keep our eyes focused on the Pacer documents, or lack thereof, and the trial itself. Every man and woman has the right to speak their opinion on how they believe the final judgments will proceed; if an opinion is disliked then let it die the death of obscurity. Latching onto someone's opinion and lambasting it post after post only promotes the very opinion one is trying to get rid of. And may the judgments, each one of them, come quickly; preferably prior to the self-destruction of "the frustrated."
What is interesting is the move up on such low volume. If volume hits as the word gets out, this thing is going to act like a rocket. It's good to be in here below .3 and before any volume hits. Thanks Rainmaker for the recommendation!
Another article just out...things are heating up!
by Edva
Vringo: Get Ready To Rumble
February 14, 2013 | 5 comments | about: VRNG
Disclosure: I am long VRNG, WDDD.OB. (More...)
As more post judgment rulings approach in Vringo's (VRNG) case against Google (GOOG), VRNG watchers are trying to determine which events will carry the most weight. Following are the specific events which will shape the course of the litigation from here. Given that the upcoming rulings are likely to favor Vringo, I consider the stock to be a strong buy at this level.
Judgement as a Matter Of Law (JMOL) rulings are among the next to be decided. You can view those motions here, here and here. My position on these motions is one of common sense, but patent litigation attorneys have provided insight into JMOLs after a jury verdict as well. For Judge Jackson (JJ) to hand Google a victory on any of these motions would mean that he is convinced by a new argument not considered when he rejected these same legal challenges at earlier stages in the process. Final briefs from Google are due shortly.
What would make ruling in favor of Google significant is that JJ would have to find that a reasonable jury would not have ruled as this jury did in his courtroom on November 6th, 2012. I'd say that is a bridge too far, but this Judge has surprised me on more than one occasion. By contrast, a ruling against these motions would mean that the Fat Lady has jumped out of her seat and has grabbed the mic. For those wondering what would happen to the underlying stock price, I believe we would see a nice spike on rulings against Google here.
A One-Day Trial on past damages is an intriguing and much discussed topic among investors. Most people have focused on the fact that both Vringo and Google have questioned the past damages and therefore it seems logical that JJ will order a new trial. I am calling it a one-day trial but depending on its scope, it may take longer. One reason for JJ to order this trial is that he can leave it to a new jury to iron out the calculations that posed problems for the prior jury (largely due to the last minute laches ruling which then caused the damages calculations offered by Vringo to be adjusted by the jury without clear guidance from the court on how that adjustment should be made) rather than stepping into the breech himself. If he were simply to make a change on the past damages given his interpretation of the events in his courtroom, he would be trying to guess what the prior jury was doing and his ruling would then be the focus of any appeals. By seating a new jury he gives both sides the opportunity to reiterate the arguments and he gives a new jury the chance to do the math and to "show their work" perhaps even by demonstrating a calculation with and without the results of the laches ruling. Since the trial would likely be narrowly focused, JJ could also allow a "from September 15, 2011 forward" damages chart to be introduced to the jury (if for no other reason than he doesn't want the same result all over again) to avoid shouldering blame for the way it was handled previously.
There is quicksand ahead for both litigants if JJ allows the parties to cover too much new ground however. For example, Google might want to flesh out its argument for a 2.8% apportionment. On one level this may seem an advantage to them and could be, but keep in mind that if the Judge gives both parties room to make new arguments, Dr. Becker could then come forward with a 40% apportionment opinion as well. The same applies to the running royalty percentage. Google must be careful here as Vringo can make a logical case for 7% if the jury gets to hear new arguments. On balance, I see the one-day trial being far more favorable to Vringo than Google. For Vringo it's hard to fall off the floor. For Google the way this sits right now given that they actually lost is quite favorable.
The 792 motion on interest and supplemental damages was filed just days after the verdict and has been fully briefed, so theoretically it could be ruled on right now. In the event that JJ orders a one-day trial on damages however, it is likely going to have to wait since the supplemental damages should be based on the same formula as the past damages and only cover from October 1, 2012 until the verdict. Since JJ has shown that he will rule when investors seem not to be expecting it, a quick judgment on this is possible. If he does rule, it may well be a sign that he is not going to order a new trial on damages.
If there is no new trial on damages it means one of two things. JJ could accept as gospel a past damages number that both sides say is in error under the notion that the jury must have known what it was doing when it granted Vringo damages from Google, which were grossly disproportionate to the damages it assessed the other co-defendants based on the relative dollar amount of the infringements. Alternatively JJ may in fact use his authority to change the past damages number citing a manifest error in transposition. Should this happen, Vringo investors could again count on significant positive movement in the stock, likely to a new high. I think JJ is more prone to order the one-day trial.
Since no one is really here for the pre and post judgment interest or the recovery of court costs (though we'll take 'em), let's talk about some other mitigating factors in the case.
Appeals are quite possible since Vringo is not likely to let the laches decision go and a reversal there would be a huge windfall. At the same time Google will appeal the infringement and validity portions of the verdict and eventually the final damages. The odd thing about the appeals process in this case is that although Vringo was the nominal winner at the conclusion of the trial, as far as the outcome thus far, Google has come out looking like the winner. Google has won the laches motion (without even having to make it), infringed Vringo's patents; and reaped billions in revenues at a cost of only $15 million so far. If the past damages award is not changed, the supplemental damages may be likewise insignificant if arrived at by applying the same calculus. Life as a loser is looking very good for Google!
Even though it could have happened before and I thought it would, it seems like a settlement might be in Google's best interest while it still has a modicum of leverage. If Google thinks its luck will hold, I think it will not bother with settlement and I imagine that Vringo's settlement price may be too high given how little economic damage Vringo has been able to inflict so far. But Google is surely thinking about how this case could turn ugly if its luck does not hold. It knows that appealing has the very real prospect of exposing them to a much bigger judgment if the laches decision gets overturned (not my expectation) or if the past damages calculations get revised and $140 million of damages is "found" by Vringo either on appeal or by the new jury (far more likely).
The Running Royalty (RR) percentage to be applied is also open and will be addressed after these initial rulings, which should come anytime after next Tuesday. It is hard to handicap what the Judge will do. Many have commented that this number could be increased as Vringo has argued. The swing on the RR alone could be a billion dollars. So as an interested observer I would think that once JJ rules on the JMOL motions, providing they go against Google as I expect, the impetus for Google to settle becomes much greater.
A United States Patent & Trade Office (USPTO) opinion on the validity of the 420 Patent is unlikely for at least several months if not for up to a year. This would be sort of the final escape hatch for Google after the JMOL rulings and I fully expect this will be the next "sky is falling" target for Vringo shorts to emphasize mainly because that and a phantom "work around" are all they have left. If the USPTO upholds the 420 patent (which I expect it will) this is over. If not, then Google has to hope that the USPTO invalidates the 664, or it remains on the hook for damages. Interestingly, the examiners have determined to look at the 664 only in view of the Rose patent (all other references have been dismissed as intervening by the USPTO) and only from the perspective of "anticipation." The bar for anticipation is very high. It asks that all aspects of a claim be deemed anticipated by this single prior patent.
I encourage people to review the Rose and Lang patents and see if they think we are talking about the same invention. I do not see the claims as having any significant overlap. The reason the USPTO agreed to the re-exam seems more a matter of the fact that the 664 did not cite Rose as prior art than anything else. And why was that? It is probable that Rose was not cited as prior art because it does not describe Lang aptly enough for it to be considered prior art. I anticipate that many of the responses made in Vringo's USPTO response to the 420 re-exam will be used in its 664 response and I encourage investors to read it. A reasonable USPTO examiner will find that the patents are not similar, but long after Google will need to decide if it wants to keep hoping that JJ and a new jury (for the one-day trial) will continue to punish them by stoning them with marshmallows.
An excellent read on the USPTO process is Georgi Dimitrov's article responding to Dan Ravicher's assessment of how the USPTO is likely to rule in its final office actions (which Dan has since updated with respect to the 664). As Georgi's article points out, only the best patents actually survive the gauntlet to make it to trial. Those are not typically the ones the USPTO invalidates.
The glaring difference in the two patents is that Lang ranks and filters information in response to a query and Rose utilizes stored profiles and data points to determine relevance. This is a fundamental difference so significant it is not likely to be missed. It is so difficult to see a Google path to invalidating the 664 Patent (mainly because the USPTO has dismissed so many references sought by Google) that Vringo may want to consider trying to expedite a finding on this patent. A jury verdict and the USPTO upholding the 664 Patent basically means that the road for any future litigant fighting the 664 is steep and this would speed the process of future resolution.
A Valuation of Vringo as one of straight stock for cash based on the Google litigation alone is simplistic and in my view erroneous. The telecom portfolio Vringo has could well be worth more than the Lang patents (which expire in four years) when all is said and done. Between Microsoft (MSFT) and ZTE (ZTCOF.PK) how should one handicap? A case may be made for several hundred million in past damages (and half that going forward in RR until 2016) from Microsoft given the constructive notice dates that Vringo cites in their complaint as well as the advent of Microsoft search operations. So given the current share structure, Microsoft alone could be worth $3/share. ZTE with annual revenues of some $15b is also significant. Vringo has sued ZTE in both the U.K. and Germany for infringing its telecom patents. In Germany the court in Mannheim is expected to rule on Vringo's request to enjoin all of ZTE's infringing products. It is an open question what this litigation could be worth but an injunction would almost certainly force a substantial settlement.
In conclusion and as of this writing, the stock price of Vringo hovers around $3.20. Since I expect a near term bump from JJ's JMOL rulings and another bump if he orders a one-day trial, I recommend either adding to your current position or opening a new one. If the outcome from a one-day trial were to yield the result many expected before the verdict was read last November, we would see a much more significant spike still. In that event it would be hard to see anything lower than a 3.5% running royalty rate ordered by Judge Jackson and given similar patent case outcomes there is nothing to rule out 5% to 7%.
One very interesting comment from Princetonatty44 in response to yesterday's SA article from Enhydris PE mentions that Vringo could look to add significant additional value by acquiring under funded companies with potential goldmine patents. Specifically he cites Worlds Inc. (WDDD.OB) which I first alerted investors to on January 4th of this year. Worlds is suing Activision Blizzard (ATVI) for infringing on its technology in the wildly popular (and profitable) World of Warcraft and Call of Duty game franchises. The patented technology allows thousands of players to operate at one time in a 3-D virtual world. Activison and other Massively Multiple Online Role Playing Game (MMORPG) makers all use similar technology (very similar to how most if not all in "search" use Lang's technology) so at .21/share and a Markman Hearing in June of this year, it is not hard to conceive Worlds approaching $1 in the next several months. Should Vringo decide to acquire a company with a Worlds type profile, that company would shoot the moon overnight. By way of disclosure my group has a significant position in Worlds Inc. which we intend to hold through the Markman Hearing.
This article was sent to 5,804 people who get email alerts on VRNG.
Me too; added another 16,000 today. The moon is the limit on this thing in the coming months.
Post Unavailable
Additional Information
How good is WDDD at getting the word of their case out? Are they good at PR-ing relevant information?
Rain or Joe, would you be so kind as to answer a couple questions for me? Thanks in advance for your time:
1. Is there any historical precedent as to when the general public starts taking an interest before a Markman hearing?
2. What is the next batch of news we can expect from WDDD?
Tink
Questions:
1. Is there any historical precedent as to when the general public starts taking an interest before a Markman hearing?
2. What is the next batch of news we can expect from WDDD?
TIA
I'm glad to see everyone holding their shares tightly. With this discipline the price should increase quite dramatically when buying pressure comes in.
If you're looking for a great entry point, now is it! I got a bunch of cheap shares. Nice dip. Should be back up in the .006's or .007's late today or early tomorrow.
Loaded up with 20,000 shares. Thanks for recommending this stock Rainmaker (or maybe I should wait to say, "Thank you" until I see where it ends up! :)
For those of you who are new to trading, don't be a bag holder. I'm not telling you to sell, but I'm telling you to be careful with this stock. When the cheerleaders leave there is a high possibility the price will plummet. I'm not buying in if the price drops, and I'm not short (I don't know how to short stocks). I just don't want to see the innocent lose a lot of money. Enough said...you won't hear from me again.
Here comes the selling pressure.
You might be right. I think this thing will retrace to .01, give or take a couple percent, and then pop higher.
You could be right; I think the gap has to fill, though, and once it fills we will head up. The stock has been skittish and hesitant today for that reason. I think one more dip and then she'll fly.
Volume drying up; look for this thing to drop a little. Hope y'all saved some dry powder to load up a lower prices. I think one more major dip and this will be primed for .015. As always, JMHO.
So far this is a good move; it's not the unsustainable spike in volume which typically hits this stock, but slow and steady buying pressure this time, which means, hopefully, it will be sustained and held!
I don't doubt this thing can hit .015, but in order for it to hit that I think it first has to hit .01 or even .0095.
I don't doubt this thing can hit .015, but in order for it to hit that I think it first has to hit .01 or even .0095.
Yeah; I think we're do for a "whack" in the next couple hours. There is very little volume right now compared to the last couple days. All it would take now is for a couple large sellers to bid whack and this will be down to .01.
I'm no chart genius, but could this stock use a massive dip before it heads up? What is the RSI at? If it's at overbought, which I assume it is, then what sort of dip can we expect before it goes higher? Is .01 about right? Just curious. Could a chart guru give me some info.? TIA.
New Seeking Alpha article:
Can The NTP Lawsuit Provide Insight Into Vringo's Ongoing Battle With Google?
February 13, 2013 | 1 comment | about: VRNG, includes: GOOG
Disclosure: I am long VRNG. (More...)
The Vringo (VRNG) vs. Google (GOOG) et al. case continues to meander through the U.S. legal system, causing shares of VRNG to languish in a tight trading range ($3.14-$3.20). Each side continues to submit a bevy of new motions, the court has failed to make any significant rulings of late (except Laches), and a settlement appears to be light years away. With all this uncertainty, investor fatigue has definitely set in, and many investors are considering exiting their long positions according to the sentiment on Stocktwits. While I share in the frustration of other VRNG longs, I believe the NTP vs. RIM (now BlackBerry (BBRY)) case offers some key insights into when VRNG may get the long awaited final judgment by Judge Jackson, which should be a strong positive catalyst for VRNG shares.
My belief stems from that fact that the two cases have a large number of striking similarities, and may therefore unfold in a relatively similar manner. Specifically, these two cases have some of the same actors (Donald Stout), same District (Virginia Eastern District), same type of lawsuit (patent infringement in the technology sector), nearly identical original base damage award (roughly $30M), and highly defiant defendants willing to go to extremes to avoid paying for their infringement. With this in mind, I have outlined the key events in the NTP vs. RIM case, and discuss their relevance to the current Vringo vs. Google et al. case.
NTP vs. RIM Timeline
November 2001 - Complaint filed in the United States Eastern District of Virginia Court.
November 2002 - Jury found RIM had willfully infringed and awarded NTP a base award of $33M plus a running royalty of 5.7% (increased to $53M by the Judge for deceptive legal tactics during the course of the trial).
Early 2003 - Re-examination of the patents by USPTO brought up substantial problems with patentability.
May 2003 - Judge Spencer increased award to $57.3M and the running royalty to 8.55%.
March 2005 - An initial settlement for $450M was announced by RIM, but NTP stated that no settlement had been agreed to. RIM took legal action in an attempt to enforce the settlement.
June 2005 - RIM sent NTP a set of technical manuals that predated NTP's patents, and stated they would be used as prior art during the re-examination process. Unfortunately for RIM, this was too late in the legal process to be of much use.
February 2006 - The Supreme Court denied hearing RIM's motion to enforce the prior settlement agreement.
March 2006 - The companies jointly announced that a settlement for $612M was finally reached, bringing the case to a close.
Discussion
By using every legal process imaginable, RIM was able to delay paying NTP for over three years. Nevertheless, RIM's strategy of delay, delay, delay ended up costing the company somewhere in the neighborhood of $100-$150M in additional damages, making it worth the wait for NTP. In addition, I find it particularly interesting that the final judgment in the NTP vs. RIM case took around six months after the initial jury trial to finally be entered into the record. If the VRNG case continues to parallel the NTP vs. RIM case, investors could thus expect a final judgment to be entered around April/May of 2013. Vringo longs should also be interested in the fact that Judge Spencer significantly increased the running royalty awarded by the jury by 2.85%. Given that it's fairly common for judges to enhance the running royalty rate in general, I therefore believe it's reasonable to expect a similar outcome in the I/P Engine vs. Google et al. case. That would be another major catalyst for VRNG shares.
Despite the eerily similarities between these two cases, it's impossible to know if they will continue to parallel each other going forward. Nonetheless, there are definitely some interesting observations to be made in this comparison, and the NTP vs. RIM timeline strongly suggests that the final judgment in the Vringo case should come no later than May 2013. That is the primary catalyst most VRNG longs are truly interested in at this point, and the main reason for their frustration. With that said, I believe exiting the stock now and attempting to re-enter ahead of this catalyst is a fool's game. Vringo simply has too many other irons in the fire so to speak [ZTE (ZTCOF.PK) lawsuits, wireless energy charging technology, etc.], any of which could surprise the market causing the stock to break out of its trading range. As such, I believe this is an excellent time to accumulate shares of VRNG.
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