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Copied from WDDD board post:
From Edva patent blog
Our Three Investments: VRNG, WDDD, BCYP
I was asked the other day if we had our druthers (which fortunately we do) how would we apportion our investment dollars in these three companies. This is a very tricky question and frankly I could not find fault with people seeing this in a myriad of ways. I can tell you how we see it and what we believe, and perhaps more importantly, what we are willing to risk. Our two biggest investments at this stage are Worlds (WDDD) and Blue Calypso (BCYP). You might ask why given the fact that neither has won anything yet, not even a Markman hearing, and Vringo (VRNG) has won a jury verdict. True enough. The issue is a bit complicated because you have to ask yourself questions like… how long might you be willing to stick with an investment if it looks like the “winner” might not get paid for quite some time. The other thing to understand is that while wins are paramount, not racking up losses is equally important.
I have said before that Vringo was mortally wounded by Judge Jackson’s laches ruling and the company and its stock has not been the same since. We still have a good deal invested in Vringo but our mindset has now become one that has made peace with the very real possibility that we may be sitting on that investment for quite some time in order to get what we originally hypothesized internally. We continue to believe that Judge Jackson is likely to award somewhere in the neighborhood of a 5% running royalty but we cannot 100% rule out a surprise from him that would be negative for shareholders. The positive here is that the management team at Vringo is the best of the bunch (although I would say that Mr. Kidrin at Worlds is the hardest working guy in showbiz but unfortunately it’s just him) and they have set themselves up to continue to grow and thrive.
I remember that night shift crap. Had to make sure no light got into bedroom or I could sleep. cardboard whatever it took to cover up windows. Some people enjoy it, I like to stay up late but 2-3am is the best up by 9-10 am
Well you are not alone. Don't listen to the people on these message boards. Almost all have lost money in the market. But you would never know it by the way they talk. It is rigged against retail period. Some get lucky but most traders lose as many times as they win. Investors (long-term) will do fine as long as they stay with it and don't let the short term drops in the market scare them into selling. Also picking strong companies that can stand the test of time doesn't hurt.
This is a speculative stock and not for a large portion of your portfolio. That just puts way too much risk into your plan. Getting rich quick is a fools game the big boys love it cause they are in control and will take your money without hesitation.
No one can answer why 20%+ is short on the verge of possibly one of the biggest payouts in patent enforcement. Except that there is a big player or two playing both sides to keep the price low and get us to sell them our shares on the cheap before the ruling.
I hope you make money but this is being controlled by bigger money than any of us on this board combined. I will wait it out they want a payday sooner or later. Has nothing to do with Russell either those shares are packed away.
Agreed I've bout had it with patent stocks. This one was ok when it had volatility but now it's just dead.
There is really nothing to even discuss. The company is quiet about other things in the making even ZTE.
The only good thing for longs is the current price is seemingly pretty well supported. The only question to be answered is why so many on the short side and who is the big shorter. Lots of retail longs have left so someone is picking up these shares.
Anyways we wait to see some action but not forever.
Was cordially invited to this stock. 13 years of watching pennies and getting similar invites caused me to stay away. After watching it for awhile I thought dang I really missed the boat on this one. Still in the back of my mind my experiences of past would not let me buy. Wanted so badly to warn but knew I would get laughed off of here or even attacked.
I am sorry for those that lost money.
You Can Not Trust anyone on any board with your money. Take profits when they are there.
This is the land of hype. I have no clue how legitimate this company is but down here it makes no matter when it comes to P&D games.
I actually wish I had gotten in. I highly doubt I would of held through 300% gain let alone from 13 cents to a dollar.
I do hope it comes back for you guys!!
New short interest # has increased
6/28/2013 16,829,232 2,047,706 8.218578
6/14/2013 16,480,404 1,011,956 16.285692
5/31/2013 16,453,859 1,583,778 10.388993
5/15/2013 17,053,167 1,678,500 10.159766
4/30/2013 17,722,342 1,404,379 12.619344
Read more: http://www.nasdaq.com/symbol/vrng/short-interest#ixzz2Ygo8khbD
? Are you referring to post trial pacers? Cause there was a lot more movement up/down post trial on VRNG with almost every pacer. The crazy wild speculation by uneducated investors caused this IMO. Also VRNG had much more liquidity than WDDD does right now.
Just a thought
The appeal does not cover the RR which has not yet been decided.
Good post exactly what I said months ago when it was trading between 2.80 and 3.00. There is a player playing both sides to manage the price into a buying range.
As we've noticed the short position has been declining. And the trading range has increased. This leads me to believe that this player is close if not done.
The re-balancing with Russell may have sped up his process a bit. It will be interesting to see how much the short position has changed.
If you noticed the other day 50,000 block of shares sold into upward movement to stop it cold. This has been done several times now.
When they are ready we should start to see a slow increase 3-5 points a day. Then when the news hits the retail shorts will cover and retail will buy. They have a dollar range in mind to start selling. Not to stop run but enough to start locking profits. At the apex you will see an inverted hammer most likely on the 60 min chart best. This will be that player dumping most of the rest of his shares before going short.
These guys live off burning retail.
No the market is not a level playground.
If you are not on the side of big money you will lose!
Gltu'all
It's only a guess but the longer he does not deny the last motion from google the better. That thinking only comes from the thought that if he was going to grant the leave he would of. Although he could pre-occupied looking up case precedent to do so.
So basically there is no way of telling other than guessing. Unless of course you are psychic.
16:31 $ 3.09 1,898
16:29 $ 3.074 Low 3,700
16:26 $ 3.08 100
16:03 $ 3.11 High 200
16:00 $ 3.09 8,170
Read more: http://www.nasdaq.com/symbol/vrng/after-hours#ixzz2YUKOGzHm
Well we can only hope. I'm in for 25k shares. Last I bought where at .022.
Just wanna make sure everyone knows that there is dilution happening. That's why every time it gets close to .04 it heads back south.
It's not what I consider dangerous dilution. Just enough to keep this low for some time to come without news.
But I could be wrong never know for sure.
It was 2%... The post I am reffering to is the one I am replying to read it for all the info. But this is the jist of where some of these shares being sold are coming from:
On December 21, 2012, the Company entered into an amendment agreement (the "GCASIF Amendment") with GCASIF, the holder of that certain Convertible Bridge Note (the "GCA Bridge Note") in the principal amount of $300,000.
The GCA Bridge Note matured on or about November 22, 2012, on which date all past due amounts of the GCA Bridge Note began accruing interest at 15% per annum. Furthermore, on November 22, 2012, because the shares of the Company's common stock into which the GCA Bridge Note is convertible were not registered under an effective registration statement (the "Registration Statement"), GCASIF was entitled to liquidated damages equal to 2% of the outstanding principal for each 30 day period after the November 22, 2012
There is still dilutive financing being converted monthly per the last financials. I posted this a while back. If I remember right it's overdue and they are converting at 5% per month.
Thanks Tob excellent explanations!
I personally think that we see a slow increase in pps until we here something.
Go VRNG !!!
I wouldn't be surprised to see the institutional share count go to 15-20% from 8%. This does tighten up the tradeable shares for retail.
make that 2mil now 3.16-3.18 This is the Russell AH
After hours trades
16:19 $ 3.169 557,801
16:19 $ 3.16 Low 1,250
16:18 $ 3.1669 540,183
16:17 $ 3.1684 85,868
16:16 $ 3.169 116,836
16:14 $ 3.1694 4,179
16:11 $ 3.18 High 150
16:09 $ 3.18 450
16:07 $ 3.18 1,000
16:05 $ 3.18 1,000
16:04 $ 3.18 500
Read more: http://www.nasdaq.com/symbol/vrng/after-hours#ixzz2XXo38kBe
Nice spike in vol EOD was especting close a little higher but I'll take slow and steady increase daily.
Have a great weekend all!
200 shares-100 shares-200 shares lol
Short Interest Figures, Insider Trading And Why Shorts Are Playing With Fire In These Patent Plays
http://seekingalpha.com/article/1526542-short-interest-figures-insider-trading-and-why-shorts-are-playing-with-fire-in-these-patent-plays?source=yahoo
Fraid to say anything for scaring it off, but we might just be seeing a nice uptrend beginning. I wouldn't be flipping too much this could be another week or so in the making just like last time 5/16
Google prob doesn't want ruling til after this quarter end.
I'd just be happy if this was to start what it did from 5/16-5/30 walking it up some .70 cents. I prefer slow moves...the faster one way movement the faster the retrace.
in at 3.18
Did I miss something I walked away now 3.14
I got lucky with this one so far. I bought exactly 3 months ago @ 2.71 bought some more @ 2.91. Sold a portion @ 3.18 now avgd @ 2.60 with profits sitting on the sidelines till we get a big "Denied" from HJJ.
Looking back I should have traded it more but I didn't. Woulda,Coulda,Shoulda...lol
Good luck everyone.
Day-trading on steriods. 100k at a time.
If it surpasses 1.34 Should explode to the upside
Yeah there's been no indication that VRNG is interested in WDDD. PatentPlays is speculating as far as I know.
It's an SA article by patent plays.
http://m.seekingalpha.com/article/1522992
Excellent post!
Thanks LOL
That's not easy to answer. It would be pure speculation. The question is how scared are the shorts gonna get.
With over 20% short interest and the previous high of 5.73 if the buying pressure continues through to $6 this could explode to 8-9$.
With that being said IMO we would have to see 7% RR of 20%.
You also have to factor in that everything is going to be appealed.
5% should get us at least 4.5-5$
3% prob 4-4.5$
This is all just an opinion would like to hear others thoughts.
Was looking for that yesterday but wasn't posted till today. Shorts holding strong, looking for another delay I suppose.
Need to see Denied and covering will begin. It will be controlled like last time unless HJJ finishes it in one big swoop IMO.
Patience
What was the alert
That is going to be a long trial. They said 3 months.
Sure looks tempting @.03 last time it hit this price 3/15/13 it rallied to .26.
Lol it's the same arguing and bickering just a different board from that other patent play. Very volatile, I think 2.70-5.75-1.75-4.40-2.60-3.80-2.60-3.00 these where the big moves from 9/28/12 till now. If you freak out now just wait if it goes to trial you'll be really pulling ur hair out.
Very nice bounce off 41.05, Did I miss something besides the market coming back a little?