Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
News just out from Reuters:
BRIEF-Court rules in favor of Network -1 subsidiary in mirror worlds patent litigation
July 8 (Reuters) - Network-1 Technologies Inc <NTIP.A>:
* Court rules in favor of Network - 1subsidiary in mirror worlds patent
litigation
* Court issued an order denying motions to dismiss the patent infringement
suits filed by co's unit
* Source text for Eikon [ID:nPn8Gn093]
* Further company coverage [NTIP.A] ((Bengaluru Newsroom; +1 646 223 8780))
Really good article on Seeking Alpha:
http://seekingalpha.com/article/2964456-networkminus-1-technologies-an-undiscovered-cash-rich-company-with-a-solid-revenue-stream-could-see-substantial-upside-on-proven-ip-assets
I kind of feel like it is too positive though. I would like to see some real negative perspectives on this stock. There is an older article on Seeking Alpha with a negative perspective. However, you need the pro membership to review it, and I am not interested in purchasing that at this time.
Here is an interesting conversation on Twitter discussing the recent news:
@ama7386 why don't you think damages will be much? Weren't you just fighting me for being too neg on $NTIP?
— Dustin (@dustinrmoore) July 8, 2015
Old news by now:
http://www.stocknewswires.com/2015/07/ntip-smlr-ffwm-pre-market-news-alert-on-network-1-technologies-nysemkt.html
On Tuesday, Network-1 Technologies Inc (NYSEMKT:NTIP)’s shares inclined 3.89% to $1.87.
Network-1 Technologies, Inc. (NTIP) declared that the Patent Trial and Appeal Board (“PTAB”) of the United States Patent and Trademark Office (“USPTO”) issued a decision in favor of Network-1 denying institution of a Covered Business Review (“CBM”) from a petition filed by Sony Corporation of America (“Sony”) rejecting yet another challenge to the patentability of Network-1’s Remote Power Patent (U.S. Patent No. 6,218,930).
In the CBM Petition, Sony Corporation of America, petitioned to cancel as unpatentable certain claims of the Remote Power Patent. In its decision denying institution of the Petition, the PTAB ruled that the Petitioner failed to show that Remote Power Patent is a “covered business patent” as defined by Congress in the America Invents Act. The CBM Petition was the fourth attempt by Sony to have the claims of the Remote Power Patent invalidated at the PTAB.
Oh yeah, I forgot to mention that the company is buying back shares too. That, plus the insider buying seems very bullish. The question is the time horizon. This does not seem like a short-term trade. Instead, more like a mid to long-term investment.
In this one, long. The insider activity of late is worthy of note, IMO. Will probably be holding this one for a while, fall of this year... or maybe even spring of next year. Seems like very good upside potential here to me, as far as I can tell thus far.
Of course, I could find out tomorrow that there is something wrong here... but the insider activity seems to state otherwise...
I stand corrected. Nice show, Churak.
Nope. I canceled my orders. I am done with this. Too risky either direction at this point, IMO, unless you are spending play money.
I call a spade a spade, when I see it. That is all.
L8r.
Well, I was trying to short this stock all day, but I could not get a fill. So, I am finished with it. Nevertheless, I wanted to share my DD from this morning, as it would just go to waste otherwise.
Take it with a grain of salt of course.
Here are my thoughts:
1. From the 8K, ALLM only owns 51% of the sublicensing company. This means $12.75M instead of $25M of sublicensing fees.
2. According to the 10Q, the company has $3.7M in debt, $2.5M which is current liabilities.
3. They have $0 revenue in addition to #1 above.
4. $12.75M - $2.5M in current liabilities = $10.25M
5. $10.25M divided by 37.58M shares outstanding is less than $0.28 a share.
6. Technically, the chart looks extremely bearish to me.
7. Current equity according to 10Q is $4.6M. Add $12.75M to get $17.35M. $17.35 divided by 37.58M shares is $0.46 a share. The company is currently priced more than 2X this amount.
8. They are running operating expenses of $1M a quarter.
9. According to the 10Q, Carbolosic, LLC, actually owns the license for the CTS patent, and AMG Energy only owns 50% of Carbolosic, LLC. Since ALLM technically only owns 51% of AMG Energy, does this mean they only own ~25% of Carbolosic, LLC? If so, what does this mean in regards to the $25M in sublicensing fees? This needs clarification because if they only get 25% of the $25M, the stock is overpriced. I am not betting on this possibility, but it definitely needs clarification.
Considering #3 and #5 and since the $12.75M has not yet been paid, this seems overpriced. I could be wrong, of course. However, I feel the risk is worthwhile to enter into a short position. Of course, I cannot get a fill. So, I am moving on.
Good luck.
Just closed my short position. 10Q indicates the company fired their engineers to reduce costs. I believe that is indicative of Icahn doing something out of left field here.
Good luck. It is on to the next trade for me (mostly currencies).
10Q released:
SEC link
When this thing bottoms, I might pick up some warrants, actually.
I do no talk anything down. I call it like I see it. Talking something down is pointless. Accurate information is everything.
Most of the people in here have been screwed, and I do not see you helping anyone but yourself. Granted, I suppose I fit into that mold as well, somewhat. It is a dog eat dog world, especially here on this website.
Wow. The information on this board about warrants was INCREDIBLY wrong back in early April. Bottom line: do not believe a word from anonymous nicks about how things work. Somebody totally left out the part that you have to buy 10 warrants to equal 1 common share. People were paying $0.80 for warrants DUE IN 2017, when the share price was not even over $8.00.
Truly sad that multiple nicks on here were completely misinforming people. I guarantee you it was deliberate.
<9 tomorrow?
Less than 36K in pre-market thus far. The pre-market trading has substantially decreased over the week.
Seems like stock bulletin boards are dead these days. All the pump and dump activity has moved to Twitter. The VLTC feed on there is ridiculous.
Beyond that, as far as today goes, it seems more bearish to me. Of course, there was no way anyone could have predicted the pumping today from the old patent news. Just the way it goes. Price seems to be winding up tight, and there has been a huge battle at 10. However, until we close above it, it seems like the bears are winning.
What I am really waiting on is some really bearish general market news. I have a feeling that when/if some bearish news hits on the general market, everyone is going to bail out of this stock at the same time.
Time will tell...
Couple of things:
1. The action today was certainly not bullish. It was not incredibly bearish either. IMO, FWIW, it was slightly bearish. First, price could not close above 10. On top of that, it pushed through 10 and then fell back. That is what makes things bearish. Someone is selling above 10, and with the amount of volume that went through today... there is a lot of selling going on above 10. If there was more buying, we would have easily closed above 10.
What will happen tomorrow? I have no idea really. If someone put a gun to my head, I would say we retest 9 and probably break through and test into 8. Like I said though, I have no idea really. I will just watch the chart and see what happens.
2. People often blame other people for their mistakes, when it comes to trading/investing. So, you end up with people blaming "shorts" or the government or whatever, when they lose. Instead, they should blame themselves. I am in charge of my decisions. Therefore, I am responsible for my losses. This comes right out of Van Tharp's material.
Darn. I was hoping you had something worth hearing. Oh well.
Out of curiosity, what are you basing this on? Is this a hunch? (I really am interested to know. My interest is genuine.)
2 more reasons:
1. My risk is off the table at this point. I have profit locked in. Therefore, I should not lose anything here no matter what happens.
2. There is a saying, "Let your winners ride and cut your losers short." There are all kinds of variations on it, and I believe everyone interprets it differently. I interpret it this way, "Hold a trade if it has a chance to substantially increase your account and there is not any good reason to exit."
For the second reason, I think this has the opportunity to see 5-6 again. Of course, I really have no idea, truly. For now though, everything indicates to me that we are heading in that direction. (I could and have very often been wrong.) Since this trade could substantially increase the size of my account (#2) and also since I have no risk on the table (#1), it is a clear decision to me to hold my short position.
I guess I did not really answer the question.
The main reason I am holding here is I believe this has gone up due to irrational exuberance. Plus, I see some technical sell signals in the chart. So, it is a fundamental + technical perspective.
I am holding a short position.
It was on the Yahoo forum. Just some random nick, and all they said was, "News release on Wednesday (today). Shorts have been warned." Typical nonsense. So, I put about 10-15% weight on that as a legitimate possibility, only because I have seen forum posts like that be true. However, usually in my experience with this situation, the news is not anything substantive. It is usually fluff.
That does not mean anything about this possibility though. I am still holding, as I do not trade rumors. Ever. To do so would go against my beliefs, in this case largely derived from experience and Livermore.
We will see.
So, today, I am not really sure what to expect. We did not really close strongly under the 9.20 level or so, and although I said 9.50 level, I really feel like the 8.75-9.25 area is the last bit of support before we really test the recent low at 8. If we can get below 8.75, I really think we will do that.
Once again, I still feel that if there is a strong close under 7.50 we will head lower.
As volume decreases, in my opinion, the stock will show its true colors. We had a lot of short covering, my guess, and that is why we had the bounce up (i.e. dead-cat bounce). If volume continues to decrease and we head lower, as stated, my position will remain unchanged.
There is some sort of rumor floating around that there will be a news release today. If that is true, either there will be massive sell the news type action, and price will head lower, or we will see a bounce. It all depends on the news, whether it has any substance.
Lastly, the only other scenario I can consider here is that the rumored news never materializes. My guess is that if this happens, a bunch of people will probably exit, or begin to really consider exiting, as they realize they bought on a rumor (which Livermore strongly opposes and attributes such decisions to less experienced participants).
Good luck today.
HAHA! You are funny.
Profit already locked in, no matter what.
Back up to 9.85 x 10.38.
My broker is reading:
8.50 bid vs. 9.95 ask, pre-market
Note the decrease in volume. Curious to see if that trend continues today too. If we see lower prices on lower volume, that means much to me. It means there is not anyone left to buy and the chart is thin, heading down.
Heavily short here since Friday. Will be watching action today very closely. My expectation is further downward momentum. However, the 9.50 area is currently important. If we bust through that, sayonara: we are heading lower. If we see it bust through 7.50, we are headed MUCH lower.
Today is important for me.
Working Link to FXDD announcement of sale to FXCM:
http://www.fxdd.com/us/en/important-notice/
I will post this again for those that did not see it at the end of last week.
My old currency broker was FXDD. I moved from there a year or so ago, and I was not one of the many that were bankrupted by the CHF insanity.
It looks like FXCM bought FXDD. Look at this on FXDD's website:
FXDIRECT DEALER LLC has decided to sell its US Retail book of business and has ceased operating as an RFED as of May 16, 2014
In an effort to provide the highest quality of service to our customers, we have made arrangements as follows:
Active Accounts
We transferred the custody and clearing of these accounts to Forex Capital Markets, LLC on May 16, 2014. You can contact FXCM via email info@fxcm.com or +1 212 897 7660.
From:
http://www.fxdd.com/us/en/important-notice/" rel="nofollow" target="_blank" >http://www.fxdd.com/us/en/important-notice/[tag][insert-text-herehttp://www.fxdd.com/us/en/important-notice//tag]
FXCM purchases FXDD. Seems like there is more going on here...
I have not been here in a long time, but I hope everyone is doing well, outside of EXSFF.
I am out. Good luck to all of you holding through the R/S (reverse split). I may buy back in when the price stabilizes after the R/S.
Gold not looking very good right now at 1368. We may be in for a test of the lows...
Gold broke down to a lower consolidation level between the 1360-1400 range. We need to move back up into the 1400-1420 consolidation zone to make some progress. Will it break higher or lower? That is hard to say. This week's price action looks fairly neutral. It looks like the market is very unsure right now, with a very small, if not slight, bias upward.
Gold chart
RE: Pasterboy's comment.
I am not buying right now. I did buy at this level, however, because the CEO was buying. He has not been buying lately. If he begins buying again, I will probably buy more.
Aside from that, reasons to buy the stock were aforementioned. Briefly, I will again mention the shallow drilling. As always, there is an extremely small chance we will hit an incredible intercept. If we do hit that intercept, everyone here will be wishing they had bought at the bottom. Everyone.
Is this the bottom? Well, I leave that to you to figure out, as I am convinced I cannot make that prognostication definitively.