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Another good piece of news thanks very much. Amazing, several good news pieces for Mara and no reaction from the stock. This should be easy 70 -$.80 and we can't get through that wall at $.60. Very hard to figure except that management has lost the trust of the market. I think we will push through it though.
Well to me good news is good news. I do understand the anger and the negative feelings. But Toyota is a big ticket hopefully & we can start moving towards a decent year. If so the stock price should respond. So if you believe that's possible then .50 or $.60 will look cheap. So that's why I've been adding shares down here. Time will tell.
Thanks much highspeed that's a great find! Maybe that will give us some stability and move this stock up a little bit.
Hey thanks much EMI! We needed some good news !
EMI, I agree with you, I didn't say "fire Doug". He could be moved to a different position but for $1 million a year plus bonuses I doubt it would be hard to find someone to be the "face" of the company. However if he can pull off the $40-$50 million in revenue as he touted A lot of problems would be solved and the company would flourish and the stock could be $2 to 3 dollars easily. But perception is reality and The perception of this company right now is very poor. That's what needs to change.
Well by management that would be Doug. Since he is the face of the company and does all the talking. So that answer would be no. In that regard I think a fresh face for the company would be good. In the big picture you have to think that the company wants to succeed. And the decisions they have made recently are out of necessity. However drastic they have been.
They have really taken the life out of this stock. Getting trust back will be very difficult. They need some good news but it doesn't seem to ever come.
Little bit of life today! Massive dumping seems to have been done! I started breathing again! Go big red!
That's really interesting Hispeed, i never thought of that. I was worried when they turned to Fortress for money. They are nothing but glorified loan sharks and they extract their pound of flesh. Usually if someone used them they are desperate, so very bad terms. I hoped they could get some settlements to pay them off quick, but did not happen. But your idea could be the answer of why the sudden dilution, they may have a big payment. And why they probably won't say it. But to give themselves bonuses and fire 4 others to cover their raises does not look good. Dire straits indeed. Wonder how low this can go, is .25 possible? or BK ? Never thought it could happen here....but here we are..and now they have no settlement leverage, desperation is easy to see. Goodluck to all tomorrow, I feel more pain coming..
Yeah guys thanks for the comments, drew, not only did he contradict himself twice, The second time, on the call he actually said --I have to be careful about this because I got in trouble last time! And he turned around and did it again! Just wow. And I hear you big red, we all average down sometimes but it's a dangerous game. There's a market saying "losers average losers". A Hard lesson to learn for sure. But I doubt they're going to come out and say anything I don't think they have any good news. So $.85-$.55 in what two days? On huge volume. You would think they'd be a bounce somewhere but apparently a lot of people are getting out. Not a pretty picture.
If FOXNews can get rid of Bill Oreilly then we should be able to get rid of Doug. Also I think if they were to announce a reverse split it would take this stock to about $.25. I just don't see how they can maintain the NASD listing. So then we would be an OTC stock. Anybody have any thoughts on that part?
Agree drew, The problem now is how do you get out of this mess. Although I did see an 88K buyer near the end today. But I don't think that's going to do it. All I can see is a reverse split maybe 10 to 1 and then start selling more shares. Ugly scenario.
Wow Mike, well said and well thought out. I agree with all that. How can They talk about shareholder value and do what they're doing. Not possible. You're right there is no shareholder value or thoughts of shareholders. But why? They can't be that stupid or clumsy. Not possible. Doug may be like trump and not be able to articulate his position but he can't actually be stupid. Very hard to figure this one out but thanks much for Trying. I appreciate all your words.
Yes high-speed, I think if Doug was gone it would go back to a dollar quickly. Even if Eric got free stock he still doesn't want to see it go down the tubes. I think they will make a change.
Agree with that highspeed. Don't know how Doug can stay. For $1 million a year plus bonuses he is worthless.
number of hedge funds and other institutional investors have recently made changes to their positions in MARA. Eagle Global Advisors LLC bought a new position in shares of Marathon Patent Group during the third quarter valued at about $118,000. Renaissance Technologies LLC raised its position in shares of Marathon Patent Group by 263.6% in the fourth quarter. Renaissance Technologies LLC now owns 84,000 shares of the business services provider’s stock valued at $144,000 after buying an additional 60,900 shares in the last quarter. Finally, ARS Investment Partners LLC bought a new position in shares of Marathon Patent Group during the fourth quarter valued at about $483,000. 12.50% of the stock is owned by institutional investors and hedge funds.
I agree with everyone about the disaster this has become. We could easily see the .50s tomorrow. So now to avoid being delisted we're probably looking at a 5 to 10 for one reverse split followed by selling more shares. I just wonder how Spandenberg feels with all the shares he owns.
Don't blame you at all high-speed. That's some pretty dirty pool to do a secondary after they said they would not
Agree with their high-speed. Is it time for Doug to resign yet?
Didn't see a secondary coming. Just after he told us he didn't need money
Good find Yanqui, thanks much!
Yeah big red, now they're facing a real de listing problem. The confidence level in this stock is really poor. Who knows where the bottom is but it's not acting very well at all. They need something to happen.
Yeah I always thought that 3-D nano was a little more than they could handle. I hope they get some cash for it and not just future revenue. Not really sure why they ever did that in the first place. Big upside if it ever gets off the ground. But sometimes better to stick with what you know.
Northland and Roth capital came out with by rating. I'm Looking for $1.50 to two dollars.
MARA given a #2 ranking by ZACHS
Just saw this. Not sure what it means for MARA
IAM MagazineLinkedIn
Spangenberg and former France Brevets licensing head team up, with Asia and Europe firmly in their sights
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MAR 17 Next > < Previous < Back to Blogs
Jack Ellis
Hermes is the Greek god of trade, transition and crossing boundaries, able to slip between this and other worlds with ease. With these abilities, he serves as a messenger and intermediary for his fellow Olympians, enabling their communication with each other and with the mortal realm below, and spreading good fortune – and, sometimes, a little mischief – wherever he goes.
This may (or may not) go some way towards explaining why patent monetisation heavyweight and IPNav founder Erich Spangenberg and Pascal Asselot – until June last year, head of development and licensing at French sovereign patent fund France Brevets – have decided to name their recently launched IP strategy firm Hermes Patents.
The allusion to facilitating cross-border commerce seems particularly appropriate. “Non-practicing entities and operating companies leverage the rise of new litigation venues,” says the firm’s website. “China, India, Brazil, and soon [Europe’s] Unified Patent Court… provide new forums enabling the globalisation of patent litigations.”
Clearly, it would seem that Hermes Patents is going to be focused on monetising patent assets beyond the US market – and between them, Asselot and Spangenberg have plenty of experience and drive to do just that. While at France Brevets, Asselot spent a lot of time in Asia as the sovereign patent fund negotiated, sometimes litigated and eventually closed licence deals with regionally based major players including LG, Samsung and Sony.
Spangenberg has been vocal about the opportunity he sees in Asia and Europe for some time now. In a 2013 interview with IAM, he sang the praises of the German and French litigation systems at a time when the US environment was getting increasingly difficult for licensors. Upon joining US NPE Marathon Patent Group as its director of acquisitions, licensing and strategy in May last year, he said that he planned “to spend the majority of [his] time on the ground in Europe and Asia working primarily with large corporate patent owners on various monetisation opportunities” as well as “new and significant opportunities beyond traditional licensing”.
The pair are remaining tight-lipped on some of the finer details of their new project, though Asselot did share some additional insight via email. “Although we'd like to reserve the details of our offering for our customers, we can happily state a few considerations that triggered our venture,” he told IAM. “First, legacy patent portfolios of large companies are ill-prepared to face threats coming from the adoption of new technologies. Second, current defensive offerings, such as RPX and LOT, only deal with a portion of IP risks. And third, we believe assertion expertise and predictive analytics can be put to work together to deliver significant value. So expect a disruptive company with global reach, extensive capital and a comprehensive approach!”
It is not clear at this stage if Spangenberg’s roles at Hermes and Marathon are related or are completely separate, though there is obvious overlap in terms of purview (he is still listed as a member of the latter's management team on its website, and this would certainly not be the first time he has taken on multiple projects at the same time). On a conference call after the release of Marathon’s annual results yesterday, the NPE’s CEO Doug Croxall told analysts that while the company has “not yet filed suits in China”, it is “actively pursuing license outside of litigation and… if those soft licensing discussions slow down or we don’t think [they] are materialising at the pace that we believe they need to be then we always have the ability to file suit”.
The current status of IPNav – the company founded by Spangenberg back in 2003 as one of his first major forays into patent monetisation – is unclear. Spangenberg stepped down as IPNav’s CEO in 2014 to dedicate time to other projects, handing over the reins to company president Deirdre Leane. Leane’s LinkedIn profile indicates she became vice president of licensing at Technicolor in December, while IPNav’s website is currently offline awaiting relaunch.
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to LES USA/Canada?
James, so who should I talk to at the company, who did you talk to? Also, are you a shareholder in this company? Lastly the stock closed at 1.29 in after hours trading, so for now not under a dollar anymore.
Not true James according to the conference call.
Pretty good call in my opinion. 1.05 to 1.08 after hours. I think I could see 1.20 to 1.30 tomorrow
James thanks for the info. Been my experience based on information and belief, that the company cannot tell you anything that's not public. Same for IR. So expecting information that is not public is not realistic. And possibly illegal so the point of calling them is what?
No need to ask James, you just told us! you know everything.
Yes Sir EMI, we need one more push EOD to squeeze the shorts!
Well getting some action now!
Haha, well you would be wrong. Although in hindsight I wish I was short from $3.40 !
Yes Yanqui, Véry tight trading, what about the problems of being a penny stock and funds and institutions forced to sell stocks below a dollar. And the real possibility of being delisted as you mentioned. Also any problems with the loan covenants with Northland. I guess we'll find out more next week. But a lot of ugly things are out there as a penny stock.
Are we now looking at a reverse split to get the share price over a dollar? And then sell more shares to raise money? Seems much more likely now.
Drew if you went back and looked at some my previous post you would see that I've said many times I have bought and sold shares in Mara many times. Right now I own more shares then I'm comfortable with and wish I didn't own any. As far as Northland, they are a glorified loanshark. When you deal with them you pay a heavy price. What if they had to go back to Northland and what if they had to give up a piece of the company to make a deal. That would be really bad and could explain the massive drop. So whatever the reason I've lost all respect and confidence in his company. Jmo
Well Drew number one we don't actually know that's true as to why he didn't go. Number two I'm not trying to do anything other than figure out why this stock dropped almost 50% in a couple days. I'm guessing there's information out there that we don't know about but you can be sure that the company does, and they're not talking. That's not good.
I wonder if this has something to do with Doug not going to the Roth seminar. I know somebody said something about his plane being delayed but what if that's not true what if that's a lie. What if he didn't go because he didn't want to answer questions.
Have they even announced when they're going to report? I wouldn't be surprised to see them ask for an extension.