I don't think it is the unknown. I think the retail crowd is mainly in who wants to be...those looking for an immediate pop are mainly out. The shorts on the other hand are defending their turf. The position as of Oct 30 was 12 million tomorrow we find out tomorrow how much bigger that number is. The institutions are nibbling slowly , I agree with Rainmaker here. When all is said and done from the courts I expect the shorts to run for cover. We could also have a surprise or two perhaps even a settlement or more lawsuits. Patience is key.

Actually the open interest is small relative to previous months...don't think this will be a factor this time...

From a YMB post...

Steps of a civil case

Following the resting of the plaintiff and defendant legal teams in a civil jury trial, presiding judges will take over the process of assisting the jury in rendering a verdict within the scope of applicable laws and statutes. After the closing arguments in a civil lawsuit trial, the process following a strict order including:

•Judicial instructions to the jury
•Juror deliberations
•Potential mistrial declarations
•Rendering of the verdict
•Post-verdict legal motions
•Judicial judgment and mandates
•Appeals

Translation: The judge does not enter judgement until any and all post verdict motions are dealt with.
Note: We did pass by safely a potential land mine(at least in my mind) that was in fact looming with the judge's decision on obviousness

What is wrong with you? He signed the jury verdict but he also has the right to impose a greater running royalty rate than 3.5% and can impose other measures.. Wait and see what happens once all the motions are filed. THen you will understand what I am talking about

The last case he was involved in he added a ruling after the jury verdict that imposed higher penalties for Verizon. Just because you don't understand how the process works don't pretend like you do.

point me to a link i will check out the discussion

from tom investor

See other people understand what I am talking about. We will get a signed ruling from JJ that will leave no stone unturned. As a result the share price will spike higher. You seem to be the only person who thinks that the judge is done with the rulings? It is very much relevant.

Judge hasn't signed it. We don't have clarification of 3.5% running royalty rate, how much when ...lots of debate over this.



Really? This is relevant..no appeal will get more people involved. Only Google knows what their intentions are, because there is doubt some people choose to wait so I disagree with you.



Agreed . We won't know future cash until the judge signs and clarifies 3.5% or more, he can increase that percentage.



I never said anything about sustained. I said we would see spikes over ten and possibly higher. You have your opinions I have mine. We will see who is right by February.

Not sure what you are talking about I have been in this since March and am aware of everything going on... What I was referring to was the judges official signed decision..that will move the market.

If Google appeals they are even more foolish than they have been so far. Vringo will appeal the Laches argument which could expose them to even more damages. I disagree about ZTE they have a history of settling not like Google. Now they have two lawsuits against them one in UK and one in Germany. I am looking for settlement not trial. You are a noob on options/warrants they will not issue .01 cent warrants again call Cliff and ask him why.

The institutional numbers will continue to rise IMHO...they are in the market every day I watch every tic here. Watch for updated numbers but it will be way after the fact...


I stand by my comment $10 plus ... 12 million shorts could spike it $15 over the next month or so...

the shares issued and outstanding is 80.3 million right now....the rest of the options /warrants get counted when they are exercised.....total fully diluted ..meaning everything cashed in is 102 million....there are very few .01 options and we will not see that type again....

over the next month or so I expect VRNG to trade over $10 assuming a positive ruling by the court and some info on ZTE law suit plus more litigation...

From 10Q


Diluted common stock share outstanding 58,227,100

the 21.9 million is included in the 80.3 million figure..the rest will depend when the option and warrants are exercised...you are counting the 21.9 million shares twice..

the balance is 7.3 million series 2 warrants , 712,716 non preferred warrants, 4.784 million ipo warrants 9.16 million vested and unvested options, 3.126 unvested restricted stock units

80,328,144 + 21, 956, 716 = 102,284,860 this is the fully diluted number




At September 30, 2012, the Company excluded from the calculation of its diluted net loss the following potentially dilutive securities: (i) 21,026,636 shares of common stock underlying shares of Series A Convertible Preferred stock prior to their conversion in full into shares of common stock during the period; (ii) 7,317,817 Series 2 Warrants to purchase 7,317,817 shares of common stock of the Company; (iii) 712,716 non-Preferential Reload Warrants to purchase 712,716 shares of common stock of the Company; (iv) 4,784,000 IPO Warrants to purchase 4,784,000 shares of common stock of the Company; (v) 9,160,429 of both vested and unvested options at $0.96-$5.50 exercise price, to purchase 9,160,429 shares of common stock of the Company; (vi) 3,126,667 unvested Restricted Stock Units (“RSU”) to purchase 3,126,667 shares of common stock of the Company and (vii) 30,250 unvested $0.01 options at to purchase 30,250 shares of common stock of the Company; (viii) 108,625 shares granted, but not vested. Also, the Company excluded from the calculation of its diluted net loss the following potentially dilutive securities outstanding as of September 30, 2011: (i) 21,026,636 shares of common stock underlying shares of Series A Convertible Preferred stock prior to their conversion in full into shares of common stock during the period; (ii) 250,000 Warrants to purchase 754,400 shares of common stock of the Company; (iii) 41,178 options to purchase 41,178 shares of common stock of the Company; and (iv) 4,455,154 shares of common stock granted, but not yet vested.

You guys have all these numbers wrong...the actual shares in the market is 58.2 million..the rest are options and warrants, preferred etc that have not been issued because they have not been exercised...

UNtil these get exercised you can't use them in your calculations...that is a fully diluted when issued.

How do you figure....last stats show 12.1 million shares short.....

http://www.nasdaq.com/symbol/vrng/short-interest

Not sure if its in here...take a look

https://docs.google.com/file/d/0ByyR-FelC5OTYnBxSDNHNG0zazQ/edit?pli=1

http://charts.stocktwits.com/production/original_10656072.JPG?1353516878


more on laches, judge ordered that laches apply to ALL defendants, not only GOOG.

Judge just put an order out. BAsically saying that he agrees w/ juries findings. Definitely finds infringement. Will post shortly..from stock twits

Of course it can drop, but I doubt we are going to see those fall off the cliff drops that were occurring with regularity leading up to the jury verdict...

Classic accumulation pattern IMHO....

Why does this matter? To me it matters that these pools of money have chosen to invest. I guess for you it is better if they weren't here. Where do you think the price would be?




So who said they should influence what you do and when?. All I am saying is that it is better that they are here. Certainly you can agree with this?



As I said I made my decision based on my research before they got here and now that they are here don't you notice that we don't have 1 million share dumps and the stock drops a dollar in 5 minutes. Can you not see that post verdict there is a different trading pattern? If you can what do you attribute it to? It certainly isn't mom and pop investor coming here with their 500 or 1000 shares.



How can you not understand that the risk they are taking makes no difference to me. The fact that they are taking any risk here is important. Why you don't understand this is baffling.

The amount of money they invested relative to their assets is not relevant. They chose to put their money here. There are plenty of places to park money and these guys have independently decided to invest. Not sure why you are hung up on this?

I disagree. They had no positions or virtually nothing in August and now have $20 million invested per article today and building. So I would rather follow the smart money. However I have been in this before they were. It is comforting to have your investment decision validate by multi-billion dollar companies.

After AIG these are the next top holders of VRNG. Would you rather be with them or with some hack on S/A talking about old news and irrelevant information?



ALYESKA INVESTMENT GROUP, L.P

Alyeska Investment Group, L.p. is a financial investment advisory firm headquartered in Chicago, Illinois. The firm manages 4 accounts totaling an estimated $4.42 Billion of assets under management. Alyeska Investment Group, L.p.'s 35 employees help advise 1-10 clients.

SUSQUEHANNA INTERNATIONAL GROUP, LLP

About Us
SIG is a global quantitative trading firm. We commit our own capital to trade equities and derivatives, including options, futures, and ETFs, as well as commodities, bonds, and other financial products around the world. We are a place where smart, analytical people work together to trade profitably in uncertain markets.
Building virtually all of our own trading technology from scratch, we are on the leading edge of low-latency and high-frequency trading. Our traders, quants, developers, and systems engineers work closely together for the continuous improvement of our algorithmic trading strategies. Each employee brings something unique to the table, and we all strive to make optimal decisions in the uncertain environment of the financial markets.

KINGDON CAPITAL MANAGEMENT, L.L.C

Kingdon Capital Management, LLC is an employee owned hedge fund sponsor. The firm invests in the public equity and hedging markets across the globe. It makes its investments using equity long/short strategy. The firm employs a top-down approach to select the economies and fundamental and technical analysis with a bottom-up stock picking approach. It conducts in-house research to make its investments. Kingdon Capital Management, LLC was founded in 1983 and is based in New York City.

Great article..thank you

Not really, there is nothing there that we haven't heard. I actually encourage people to listen to him..short this above $4. With over 12 million short now the upward pressure will be that much greater when the verdict comes in.

ONe point. To talk about insider sells when they were prearranged is to disregard reality. Look at the Google insider sales if you want to see real selling.

Much ado about nothing

NO raid since the verdict has worked....and won't ..the shorts who are stubborn to not reduce their positions will get crushed

This stock is in an accumulation pattern...being held in place to allow large buyers to take positions. That is why bear raids don't work anymore...when they are done we will know...

AIG went from 4,000 shares to 5.6 million and several others went for zero to 300,000 plus...you don't consider that buying? Keep in mind that the numbers could be bigger, they have 45 days to report so we won't know till after the fact. If you watch the trading as I do pre and post verdict you would see a titanic shift. This stock was easily manipulated by the shorts with co-ordinated attacks, triggering stop-losses and panic. That is no longer the case.

This is what I was saying earlier....moving into the big boys hands slowly but surely, this is why the shorts are trapped and should reward longs (retail) if they ignore the noise.

Thanks for the link excellent article. The shorts are going to lose control of this soon. AS stated there is no risk buying this stock at these prices. I expect a $10 -$15 price for VRNG by the first quarter of next year. So a 300 - 500% return minimum IMHO...

Thos institutional numbers are from 9/30...there are probably more now. I believe they have up to 45 days to report their numbers so we should see big changes in about a month...

It is no different for retail clients...your broker lends your shares..makes them available for short selling without telling you did you know that? Unless you register the stock in your name they can do this. Of course the shares are always available for you to sell but they are also available for shorters to short. When brokers have a low supply they go looking for them, this is how the brokerage industry works. The reason why VRNG is not $5.00 right now is because there are 12 million plus shares shorted and they will do what they have to , to protect their turf. Recently I have seen a shift in trading since the judgement went in Vrng's favour. Notice how bear raids don't work like they did. They still dump in a coordinated manner to entice selling and trigger stop-losses but now I see a pool of institutional money coming in. That list is going to go higher as the months go on. Let me ask you a question, where would this stock be without the institutional buying , relying mainly on retail? I say closer to $3.00 or lower.

It is not an article it is a conversation I had with him on Stocktwits..

You are welcome ...The mm's wiped out all the call options (135,000) $4.00 and up and left the $3.50's with a .05 value ...all the put options $3.50 and down were destroyed only the $4.00 and up (33,000) approx were left with any value. The only way this does not happen again is with an announcement and /or a step up in institutional ownership. On that front there is good news. While retail is tired they are stepping into the gap....

American International Group from 4,000 shares to 5.6 million
SUSQUEHANNA INTERNATIONAL GROUP, LLP from 40,000 to 597,000
ALYESKA INVESTMENT GROUP, L.P. new position 395,400
KINGDON CAPITAL MANAGEMENT, L.L.C. new position 300,000
MILLENNIUM MANAGEMENT LLC 111,000 to 216,000
CITADEL ADVISORS LLC from 129,000 to 204,000
FIRST NEW YORK SECURITIES LLC /NY 5,000 to 189,000

http://www.nasdaq.com/symbol/vrng/institutional-holdings

He is short whether he admits publicly or not he admitted it to me in private at Stocktwits...

This is what he said to me in a private conversation there:

LIke I said yesterday...the mm's have a vested interest in keeping VRNG around $3.50 due to options expiration today...will fluctuate but this is their target for now...

Why we should be patient...

http://seekingalpha.com/article/1012551-vringo-the-fallacy-of-impatience?source=email_rt_article_readmore&ifp=0

Well the figures I posted are for the November calls/puts..if VR?NG stays around $3.50 which I believe it will then 135,000 calls and 55,000 approx will expire with zero value. There isn't anything they can do..a run to $4 will put a value on the $3.50 ...I expect wild gyrations tomorrow...

What the pros are doing.
17 new positions..933,000, 27 increased position...8,059,124.....only 6 decreased 628,000 and 4 sold out for a measely 72,213...this is how you make money...follow it...

Ownership Summary
Ownership Analysis # of Holders Shares
Total Shares Held: 34 8,059,124
New Positions: 17 933,632
Increased Positions: 27 7,623,416
Decreased Positions: 6 628,097
Holders With Activity: 33 8,251,513
Sold Out Positions: 4 72,213


Read more: http://www.nasdaq.com/symbol/vrng/institutional-holdings#ixzz2CKSs7qkb

That's right by keeping it right around $3.50 there will be 135,000 call options expire worthless and 55,000 puts...that is the reason it won't go higher until this event passes...

This is all about options expiration...nothing to do with fundamentals or potential...

This Quantum stream patent aquisition is very exciting...

Here is a brochure of what the company does....

http://quantumstream.biz/qS_brochure_copyright_2000.pdf

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