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I think Doug need to find a way to convey to the market a sense of what MARA expects to earn from settlements here. If not outright guidance than at least some kind of goal he thinks achievable. Like the 100M number over 3 years or whatever it was that was on the old presentation
With friends like you..... :)
March filings in ACTG show some significant size new buys.
If I was IR I would be sending conference invites and making calls to all those buyers. Highlighting MARA's growth and execution here
Liquidity is right back to 2013 levels. This is just brutal to see
Although if what you say is true why are we not at least holding above were it traded on the big Q3 number?
Whoops my bad Fortress did acquire those shares as part of the earlier financing. So old news there
Vanguard buys are for total market Index funds
Interesting to see Fortress press their bet on MARA. I don't remember any equity being part of the loan announcement?
IR Needs to call Seeking Alpha and get that headline fixed before the sell algos go crazy
I don't love the higher costs but they are associated with future revenues not this quarter. Hope people can understand that
We are a bunch of suckers here. There better be something in that report tomorrow besides just earnings (good or bad) because the stock is breaking down again.
We may hit 100% on all the great upcoming events and catalysts but if the stock is at $3 when we start getting that news, it will all be for nothing. A total waste of time and money. Doug or someone needs to come out and say they are buying more stock. If shares are so undervalued why doesn't Spangenburg raise some money and take this private.
Nothing done with the Fortress money, a seemingly big focus on the Apple case which any potential investor will always view as a long shot, nothing from the Stryker injunction (how can it be worth much if Stryker is willing to let it go on this long?) Doug better be working on a new sales pitch for investors because clearly the current one is NOT working!
Would you? I'm feeling like a bagholder here
This turned from a 2015 story to a 2nd half 2015 story and no one likes a 2nd half story in May. No very optimistic about tomorrow.
Anyone know what the hell happened today?
Don't know if any one else saw it but bid for 200K shares popped up for about a second earlier. Fat finger or somebody messing around
Any chance MARA has pitched GOOG the usefulness of Optus?
http://www.therecorder.com/home/id=1202724892247/?slreturn=20150329123453
Can we nip this in the bud once and for all. These rating by Fidelity, Zacks, Schwab etc are meaningless. They don't move stocks, they are some sort of computer generated ratings not based on any kind of real fundamental research. Doesn't matter if the sell is generated for MARA or Marathon Patent its has same effect on the stock...Nothing
There is absolutely no reason to look at these ratings or discuss them
MARA Options. Still waiting for that first trade. Come'on someone buy a contract and get things going
What they NEED is to focus on continued execution of their business plan and that's it
What are you suggesting they actually do? I don't want a company that pays PR firms to "get the word out". That's shady business and not what MARA is about. Or at least I hope not
29K shares offered at 5.97 go get'em before they are gone
Where's the news MARA!
Chernicoff signed a consulting deal with Tessera after he left worth $400K a year. We are getting him cheap! Nice job Doug
And if he is taking less money than he may be able to negotiate what does that say about how he feels about the options??
Ed Johnson I agree with almost all your recent skepticism but I strongly disagree on your negative take on the recent Board resignations
I implore you to take a look at Mr. Chernicoff's Bio and the history of Tessera (which is now a $2b semiconductor licensing company). The new additions to the MARA Board are in my mind a giant positive for the company which has built an literal All Star team in the Patent monetization space.
The obvious take on the Chernicoff retainer would be that commercialization refers to Opus. But what about his bio makes one think he was brought on to help launch a small software business? Nothing. So I suspect that this possibly, hopefully could be in connection with the commercialization/licensing of a current patent asset. And if they are putting him on retainer for that it must be a big deal. Anyone agree here? Any recent settlements raise an eyebrow? Am I way off base here?
Product Commercialization!! I like the sound of that. Now can any one here explain what it means exactly?
I have my thoughts but don't want to post any bad info here
No news at all and from what the company says behind the scenes events (ex. Signal IP) have been actually favorable
I agree with everything Ed has posted today
I think fair value for the stock is in the $7's plus potential for runup into catalysts we have this year. If Acacia is the model and that trades historically at 5X sales at the very low end (its been anywhere between 5-9) then MARA as the unproven newcomer lets say we get a 3X multiple then we are right where we should (being very conservative) on trailing Sales at the current $80m Mkt cap
With a lot of upside if we hit that 50m in sales going forward as I'd think we should get multiple expansion too with another proven year (or any news that gets us closer to that number). I'd also argue that there should be a premium tacked on for this management and the Spangenberg backing/relationship.
All that said the chart is completely broken now, I'm less concerned with that in a stock like MARA with the low liquidity and choppy earnings (we see biotechs completely break down and then make new highs in the following months, it can happen) but there is no way to paint a good picture on what has happened here news or no news. I only hope that this is the beginning of a basing that will set us up for the rest of the year. How that goes will be determined by how much of the good forecast we are predicting is realized
I hope so because I have a feeling if we hold this into the close and don't get a significant headline on Monday we probably just give it all back next week
But what we may need more than anything is for congress to vote on Patent reform. At a minimum it removes uncertainty and also gets people to look at the sector and try and figure out the potential winners and losers
Does anyone know the time frame for this?
Yes pretty much. Any guidance is a total guess. But I understand the point. And everyone here is spot on. There is a small universe of investors and we are making it smaller but I also agree that it would be better to build a bit more of a revenue base before giving guidance. Its a double edge sword for the company with where they are now and that is what is so difficult
Maybe we need to add back that $100m over 3-5 years into the presentation. Even though we know it is very low I think the market would take that well at this point with where the stock is. Nothing wrong with keeping a low expectation in there then beating it, maybe it was a mistake to take it out of the presentation
If you bought this company for the exceptional management team and insider support and connections (Spangenberg) that you believe has the ability to make MARA the best of breed in the space with steady albeit lumpy growth and the potential to work its way up to an ACTG type portfolio and market cap even paying dividends down the road then nothing has changed here. We are still on that track more so than ever. While I hate this lower starting point for all the good news that I see coming soon, I do know that if it truly is good and translates to revenues that the Market Cap will eventually catch up and reflect that. If not there are other options to get back value like special CASH dividends etc.
As for acquisitions I think MARA wants to separate itself from the VRNG's, VHC's and DSS's of the market not associate with them. It is the reputation and performance of those companies also that makes people very wary of a stock like MARA
Hmmm tell that to all the Biotech companies making new highs
Who is destroying this stock and why?
They need to do something
There must be some news somewhere? If we have such great assets why wouldn't an ACTG come in here and try to steal us?
Down 7%????
Deal before Easter? We'll find out tomorrow
Wow bid for 100K at 5.35. Biggest I have ever seen in this stock. And it didn't get smacked.....yet.
Just a bad quarter for these stocks. ACTG is down the same 40% we are since Jan 1
This is huge selling. I didn't even know we had holders big enough to do this. I'm guessing some big fund that invests in the space acquired shares sometime in the 2nd half of 2014 and maybe owns ACTG as well is just dumping it off the books
Sometimes you also need to ignore the stock price and focus on the news and fundamentals of a company
The descent began the day this came out
http://unifiedpatents.com/unified-invalidates-clouding-ip-patent-claims/
Thoughts?
What I don't understand about the trading is where is all of the volume coming from. We have very few large holders of the stock and most of those are insiders whom we know are not sellers or buyers here
So is it all retail and computer algos trading against each other here moving the stock around? What to make of some of the big blocks we saw last week in the 20-30k range?
I know the insiders are all in already and own a lot of options as well but would be nice to see some open market purchases here. If not from Croxall, Maybe from one of the new Directors
Is no one going to comment on the seemingly imminent Fortress money related deal they are working on "feverishly" I think the word was and had expected to announce with earnings today???????
Its a company run by and for lawyers. What else would you expect?
I disagree completely. Doug has always always tried to keep investor focus on the Year and years ahead. This was a great year for MARA and a beat. I don't see an attempt to camouflage anything and don't see anything unusual about reporting year end numbers like this
Lets see what he says on the call. I am also excited to finally be out of the quiet period. I am expecting announcements soon now that we are past this report as that is the only thing that can get us out of the sector puke we are stuck in