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Yessir! The 180 pound gorilla has left the building. Time to rock n roll!
Hey buddy! I didn't get a chance to hear the conference call, but I thought the report was good as well. Some r concerned with the net amounts especially year over year 3 & 6 months but like you said it could have have been worse. I liked Messina's comments & the focus on increasing margins. Hopefully there can be a steady climb in pps w/o any major pullbacks. Have a great weekend!
Congratulations!
Hope this move today is not followed by typical selloff. It would be nice if the company put out the 2nd Qtr report early. We shall see....
Unbelievable I meant Motion, it's been a long day. Lol
Yeah I know just saw order posted earlier.
Sorry Belkin
http://megaswf.com/file/2688987
This contains the court document concerning Belkin
Any possible reason that Belkin was not included in the litigation update that VRNG recently gave.
Vringo has hired the law firm of David Boies. Significant news for a change.
I'm in a similar situation. Depending on my gain/loss for my portfolio for 2014, I might want to sell part or most of my shares before the end of the year for tax purposes. There's no question that cash burn is a concern. I'm sure management had to plan in case of reversal w/ Google & no one knows if they felt they were close to a settlement with ZTE. But my bigger concern now is that ZTE is willing to take a short term hit from the effects of any injunctions & legal fees while Vringo bleeds cash forcing Vringo to take a bad deal. Again this is total speculation on my part. In the end after holding 2+ years I would hate to take a big loss. So I'm clearly hoping that Vringo's legal team, who no one can argue is very skilled, can turn this around. By the way appreciate your comments. I believe an open & varied discussion helps everyone.
I reviewed the litigation update again & it appears the proceeding in Germany is the farthest along but I have no idea how close Vringo is to getting an actual order to pay damages. Clearly, with appeals, etc. it appears all the proceedings r going into 2015. Obviously the concern is the amount of cash Vringo has left. I clearly made a misjudgment in assuming that ZTE would have settled by now. You would think the injunctions would have hurt ZTE's bottom line enough to bring them to the table but who knows. I can only hope that Cohen's experience in obtaining a favorable outcome previously with Nokia will lead to success with Vringo as well.
As per ZTE which legal proceedings out of the different countries is closest to the court actually ordering ZTE to paying damages to Vringo? I have a law degree but I am finding very difficult to follow the different legal proceedings in each country as clearly there are differences with the U.S system in patent trials. I understand Vringo has obtained injunctions against ZTE in some places but I'm don't know exactly what will follow. Any information would be greatly appreciated.
Strength in Numbers!
Thanks I'm doing fine. I think the problem with all these bullish press releases is that it raises expectations for the 2nd Quarter report. So hopefully they r smart enough not to pump things without being confident that can deliver on the numbers. I'm been with the stock through ups & downs so I'm definitely holding for the long haul. Like you said let's hope management has learned from their mistakes.
How are you? The press releases are definitely written better. But I guess there's not going to be a sustained move higher until the 2nd Quarter filing. Like you said I didn't get any detailed answers on the working capital. What's your thoughts on the latest press releases? Effect of the new IR Department?
Clearly there is a disconnect between the stock price & the report. And I heard the analyst on the call. Her questions were fair. Wasn't overly negative or positive. My feeling is the problems with the SEC, even though they need just to file the 2nd Qtr report to be back in compliance, have left concerns with the stock. Right now people want to put their money elsewhere. But I think once they can say their compliant again, can focus on increased revenue, margins, etc. Was frustrated today, but still in for the long haul.
Sorry forgot to post the link.http://scr.zacks.com/files/August-29-2014_CRRS_Backer_v001_e7tav0.pdf
This report came out on 8/29. The analyst who wrote it was the only person who asked Q's on the recent conference call.
Excellent Article! Thanks. I have been holding $TROV for 2+ years & plan on holding long term. I have spoken to David Moskowitz a few times & he does a tremendous job in addressing any concerns I have.
Sounds good. I think I got my point across in the message I left the IR guy today. I agree this company has huge potential. The trend is definitely with temp employment, etc. in the future.
Keeps on going up with volume.
Hey buddy, you were right. A waste of time. I spoke to the new IR guy & asked him about working capital, etc. He said he just started & needed to talk to management. He finally got back to me through voicemail & the company told him I should look at the 10-Q & he was going to get me a copy. Of course I've already read through the 10-Q several times. The one thing he did tell me was cash was used in the 1st quarter on acquisitions. But no details.
The bottom line I guess is that it won't
matter how they treat their shareholders as long as they get back in compliance & return to profitability. I am curious. What type of price target do you have on the stock long term?
Anyone have Doug Kass' Real Money update on MONIF.
I agree an honest answer may be tough to come by, but I almost always try to speak to someone at a company if I have concerns. In this case probably for my own sanity. I'm holding as well & still think company has great potential. I think it would have been better if they had explained clearly & in detail why profits & working capital went down & how this problem was going to be fixed. Now there is a lot of Q's & concerns from investors. Hopefully the new PR team is guiding them how to write a clear earnings report & conduct an effective conference call.
I still believe in company long term, but very frustrating pps is still going down even with positive news. Last time it got this low it did recover very quickly though.
My concern is that obviously other investors have concerns about the "Working Capital' & other areas of the report, hence the continued sell off. The question I have does the company even understand what's happening. It may be a waste of time, but maybe it's worth trying to speak someone at the company.
Totally agree. By the way what's your opinion on the Working Capital section of the ER where the funds were decreased dramatically? One reason was Wells Fargo increased their fees on their loan agreement & CRRS said they were trying to refinance with another company. Again the devil is in the details.
Sorry forgot about suit against ASUS in Spain as well.