is buying more PNCH.
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Wow, Page dumped 20,833 shares! That's about 20% of his GOOG holdings!
If someone is looking to trade stocks and/or options strictly on an educational basis, go to CBOE and open a dummy account. This will allow you to place hypothetical trades with real-time prices. Again, this is buying and selling with Monopoly money, but it allows you to play the market as you would with your own money.
Cheers!
Excellent watch. Thanks MMRF.
It sounds rediculous, but 20% per day until a verdict is reached will not be unheard of.
$6.50 today, $7.75 tomorrow... etc, etc...
I agree that Google doesn't want to put the amount of future royalties in the hands of John and Jane Juror. This will be a BIG, BIG week.
VRNG... let's do this!
Thank you sir. Board mark. Go VRNG!
Thanks skydivers. So in the event of a buyout, VRNG shares will still exist? And the options contracts will be able to be sold or exercised?
Cheers
Question for the board/options experts:
For VRNG calls (especially Oct, Nov, and Feb calls) obviously if there is a settlement or a victory after a trial the options would skyrocket in value. What happens if there is a buyout? What would happen to the value of that call?
TIA
Up and Up. Anywhere around a 5.50 close would still be "soaring" on many people's radars.
$VRNG is going all in! The lawsuit against ZTE wouldn't have been filed right now unless Vringo knew the lawsuit against GOOG was going their way. I still feel we are towards the basement floor of PPS and are primed for a couple/few HUGE weeks if this does in fact go to trial.
If we get a settlement within the next two weeks, that's alright with me also.
Long VRNG.
Excellent article on SeekingAlpha from Steve Kim:
http://seekingalpha.com/article/907231-vringo-vs-google-45-million-evens-the-playing-field?source=yahoo
Vringo Vs. Google: $45 Million Evens The Playing Field
Yesterday, I wrote of the upcoming October 9 judicial settlement conference in Vringo (VRNG) vs. Google (GOOG):
The settlement landscape has changed, and the dance is about to get serious.
Apparently, Don Stout reads Seeking Alpha. While you and I were sleeping last night, Vringo closed a deal to raise an additional $45 million through a direct offering of 10.3 million shares to institutional investors. You can read their press release here.
This news illustrates what we discussed yesterday about settlement leverage. By making this financing deal, Vringo increased its settlement leverage and decreased Google's settlement leverage.
Yesterday, Vringo was land rich (okay, patent rich) and cash poor. They were looking at walking into Tuesday's settlement conference with only about $10 million in the bank. While $10 million is a lot of money to you and me, it doesn't go so far when you are in the business of filing patent lawsuits for a living.
Google, on the other hand, is not cash poor. In fact, Google has lots of money, so much so that they can't even fit all the zeroes on their balance sheet (I checked, this is literally true).
So what does this have to do with leverage? With only $10 million in the bank, Vringo's biggest weakness in the settlement conference was that it made Vringo vulnerable to a lowball settlement offer, accompanied by those painful words that folks who are low on cash often hear in a negotiation:
Take it or leave it.
Think seriously for a moment about how Vringo's execs might respond to a $200 million take it or leave it settlement offer from Google, knowing that if they let that money walk away, they might wind up with (1) a big fat zero in the event of a losing trial verdict; and (2) only $10 million in the bank (actually less, by the time trial is done), which is pretty much no cash reserves for a company like Vringo.
Faced with this situation, there is a good argument to be made that Vringo might have felt compelled to accept a lowball offer from Google, reasoning that while low, $200 million (that's a made up number, but you get the point) would put them in a secure financial situation going forward, and they could make up the difference against ZTE, or Microsoft, or Yahoo.
Folks who are low on cash sometimes have to sell low. It's a fact.
That's why last night's financing deal is huge, heading into Tuesday's settlement conference. By walking into Tuesday's settlement conference with $55 million in their pockets, Vringo obtained the kind of economic bargaining power that communicates that:
Vringo does not need to settle, since its cash reserves have been replenished; and
Google must offer a settlement sum that is reasonably related to the actual infringement damages claimed in the case, since Vringo can no shrug off a lowball offer.
Again, settlement negotiations are all about leverage. Last night's financing deal removed quite a bit of leverage from Google, and frees the settlement process to focus on a real, negotiated settlement number, instead of a take it or leave it number. That's great news for Vringo bettors. I am well aware that Vringo stock opened lower this morning. Remember, don't focus on the ticker. That's white noise. We care where the price ends up, not how it bounces while its way to getting there.
One last thing. I know a lot of us are going to feel a little antsy over the weekend as this case nears its climax, so I'd like to leave you with a thought that has given me some serenity in the madness.
When I first decided to bet my hard earned money on Vringo, I have to admit it felt a little frivolous. But I have to admit that knowing Mark Cuban had already bet about $3.5 million on Vringo before me just made me feel more confident.
Last night, five institutional investors bet $45 million on our crazy little company, and they bought in at a price ($4.35) that is a lot higher than almost all of us paid. Knowing that I got in earlier, and cheaper, than the guys who just bet $45 million on Vringo sure makes me feel like things are going in the right direction.
See you guys next week, and good luck to us all.
Columbus Day. Markets will still be open.
It looks like a lot of new investors are taking positions today. Great time to jump in with both feet.
Crazyjake - nice avatar.
Go Hawks!
Go VRNG!
We could surpass yesterday's volume!
Lincolntown is back!
$5 is almost on deck
At $30/share, sell shares to cover your cost basis, then ride the rest sky high!
22.2mm+ volume. Biggest in VRNG history!
Article from 24/7 Wall St:
Google Must Defend Itself in Vringo Lawsuit
Google Inc. (NASDAQ: GOOG) today was denied a motion for summary judgement in a patent case file by Vringo Inc. (NYSEMKT: VRNG). The denial means that the judge found that there are issues of fact in dispute that are material and that settlement talks should proceed as scheduled for October 9th.
At issue are patents related to search technology, and the judge’s refusal to toss Vringo’s suit is very likely to result in a settlement between the two combatants. Vringo acquired the patents, originally granted to early search company Lycos, when it acquired intellectual property firm Innovate/Protect earlier this year. Vringo also purchased a portfolio of patents from Nokia Corp. (NYSE: NOK) in August.
Vringo stands to gain significant damages if the company prevails. By some estimates damages could reach into the hundreds of millions and a 3x penalty for deliberate infringement could push Google’s total payout to well past $1 billion. A settlement between the two companies would seem to be in order, and that’s probably what most investors are hoping for as well.
Vringo’s shares are skyrocketing today, up 29% at $3.99 in a 52-week range of $0.68 to $5.45. Volume is above 16 million shares in the mid-afternoon, more than 4x the company’s average daily volume.
Google’s shares are up about 0.6% at $761.30 in a 52-week range of $480.77 to $765.99.
http://247wallst.com/2012/10/03/google-must-defend-itself-in-vringo-lawsuit-goog-vrng-nok/
Is this spike because the MSJ was denied?
Nice volume over the last couple trading days. This range is definitely the basement. Too many millions of shares to have the PPS go lower.
Up, up, and away!
ICPA
Millions of households are being added to our viewing base almost on a weekly basis.
IC Places' revenues are all but guaranteed to increase quarter after quarter.
ICPA
Punch TV will be seen in most major television markets across the country and some smaller international markets as well. This concept is going to bring in large revenues from selling advertisements and also revenues from their programming.
This is a big win for ICPA!
NEWS: IC Places' Punch TV in Chicago
Punch TV Network Announces Arrival Into the Windy City Just in Time For the Holidays
LOS ANGELES, Sept. 27, 2012 /PRNewswire via COMTEX/ -- IC Places, Inc. (otcqb:ICPA) is pleased to announce today, it's Punch TV Network has signed on new affiliate, WPVN in Chicago, Illinois. Punch TV Network will be available on channel 24.1 over WPVN Television in Chicago beginning December 2012, just in time for the Holidays. The Chicago market is ranked by Nielsen as the 3rd market in the US with 3,493,480 million TV Homes.
Launched in October 2011, IC Places' Punch Television Network will begin airing its new Fall season of programs in October 2012. Approximately 70% of this programming will be original. The shows include new detective shows such as Port City PD and Second District. The Hollywood Fast Lane and Luisa will link viewers more closely with the world of Hollywood. The dramatic series, Eros, will bring true stories of fairy-tale love. The Punch TV original, Filbert's Big Bash will enchant children through its family of lovable dinosaurs. The gangsters in Get Thee Behind Me will intrigue. Many more new shows will be available when IC Places' Punch TV Network begins airing its new season of programs.
About IC Places:
IC Places is a transmedia entertainment complex that produces entertainment content for distribution across multiple mediums. The company trades on the OTCQB: Symbol ICPA. ( www.icplaces.com )
On August 11th 2012, IC Places purchased Punch TV Network giving the company a broadcast TV network available in 50 million households. Punch TV Network has a roster of original programing which includes 36 new dramas, comedies, variety shows, talk shows, children's shows, and inspirational entertainment.
Through multiple long term partnerships, clips and full episodes of the company's shows are available to more than 300 million people a month outside the traditional set top box. This exposure serves as both a profit center and marketing component promoting the TV Network, its line up and the company's new media specific programming across multiple platforms.
One of the core components of this multiple platform approach is IC Places 350 city-based websites. These online "websites/TV stations" offer virtual keyhole views of life in each community they serve. These sites offer local, regional and national news, as well as programing. They deliver Punch TV to communities in which the network is not currently available through traditional means.
In May of 2012, IC Places signed a content distribution and development agreement with connectiVISION Digital Networks for their new Clear Vision Airport Network. connectiVISION Digital Networks for the Healthcare Industry expands that agreement by adding IC Places content to the Away From Home Television network in waiting areas of Hospitals, Doctors offices, Clinics and Care Centers across the country. This extended ad based network offers IC Places another another revenue stream for the shows it produces as well as additional exposure for its newly acquired Punch TV Network.
Additional partnerships deliver IC Places content to Checkout TV Network, HDTV network, Dining Network further expanding its footprint in breadth and depth to levels unimaginable as recent as a decade ago.
To complete its reach, IC Places signed a 2nd window and International Distribution Agreement with Spartan Bay, a company that will profitably deliver IC Places shows to markets around the world.
IC Places Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. (A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.) The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:IC Places, Inc. www.icplaces.comSte ven Samblis407-442-0309 Ext. 2Press Inquiries:info@icplaces.com
SOURCE IC Places, Inc.
Copyright (C) 2012 PR Newswire. All rights reserved
http://www.marketwatch.com/story/punch-tv-network-announces-arrival-into-the-windy-city-just-in-time-for-the-holidays-2012-09-27
Have we seen the bottom? IMO, yes. Yesterday's volume was under 1,000,000 for the first time in a LONG time. The long volume is drying up, and the short volume is drying up.
Simply stated: nobody wants to sell. The float is becoming locked up, and when we give this big snowball a push, the PPS will pick up momentum quickly.
There is a lot of news on the way as we continue to ink new affiliates across the country.
The foundation is being formed. Soon it will be time to build this big house!
ICPA
I agree. When will Q3 be released? Nov 15th?
There is so much potential in these upcoming hearings... why aren't more deep-pocket investors taking a flier on VRNG?
I have been spreading the word about this stock for awhile now. Once we get news of something concrete, I think VRNG will test blue skies - whatever that dollar amount may be.
Lots of potential here. We only need 1 good push to get the snowball rolling.
Now that is credible! Straight from the source.
It is irresponsible. I could create a blog, write that Steve is running for Mayor, the stock is going to $50/share, and I own 20% of the O/S.
Just because somebody publishes something doesn't make it true.
That article was written at the beginning of May and is completely irrelevant now. It has about as much weight as the one that stated Tom Cruise will be our spokesman.
Since then, IC Places has purchased a TV Network and secured a four year contract with ClearVisionDigitalNetworks (part of Clear Channel Outdoor). Upwards of $65mm+ per year in revenues upon full rollout.
Do your own DD.
Author's response to "What is driving ICPA?":
Reply to OTCMagic Article by OTCMagic Staff.
OTCMAGIC STAFF says:
May 6, 2012 at 11:52 am
This article created a lot of anger especially from ICPA investors. We strive to always give the best information in these articles but we do make mistakes sometimes. We regret calling out Steven for his name calling, actually he seems like a really cool guy, everything else in the article we stand by. I will see I think ICPA could be a big mover from current levels in the coming weeks.
Don't believe everything you read or hear. Do your our due diligence before buying or selling.
People who want to profit are quietly accumulating... Q3 financials will show significant growth from IC Places
ICPA
IC Places is far from a pump-and-dump. Anyone who takes 10 minutes and reads info in the stickies and i-box would see that we have verifiable products and services here. Anyone who does more than 10 minutes of due diligence should be confident enough to own shares for the long term. ICPA is not a coal mining company. It is a startup media conglomerate who has partnered with national and international affiliates. Revenues will increase every quarter. That is a fact.
Once there is more buying than selling this stock, it could double on any given day. If you don't own shares, now is the time to buy in.
GLTAL
We know LA and San Fran will be two of the bigger cities Punch TV will air. I think Punch TV will be an important new way of programming in the state of California. Movements like this start out West and make their way across the country.
This is very good news!
I don't watch 90% of the channels I pay for. But I still pay for them.
This is the business of sales - it's a percentage game. You will never have 100% market penetration, but X% of 50,000,000 is a lot bigger than X% of 5,000,000.
ICPA = revenues
News was released at 3:56pm eastern. Markets close at 4.
380,000 people in the metro area. LOL!!!
Punch TV Being Served up in Anchorage, Alaska
--------------------------------------------------------------------------------
LOS ANGELES, Sept. 18, 2012 /PRNewswire/ -- IC Places, Inc. (OTCQB: ICPA) is pleased to announce today, Punch TV Network has signed on new affiliate KACN in Anchorage, Alaska. Punch TV Network will be available on channel 33.3 over KACN Television, which reaches more than half the homes in Alaska, beginning in October.
Launched in October 2011, IC Places (ICPA)' Punch Television Network began airing its new season of programs on Saturday, September 1, 2012. Approximately 70% of this programming will be original. Anchorage residents will soon be able to access new detective shows such as Port City PD and Second District. The Hollywood Fast Lane and Luisa will link Alaskan viewers more closely with the world of Hollywood. The dramatic series, Eros, will bring true stories of fairy-tale love. The Punch TV original, Filbert's Big Bash will enchant the children of Alaska through its family of lovable dinosaurs. The gangsters in Get Thee Behind Me will intrigue. Many, many more new shows will be available when IC Places (ICPA)' Punch Television Network begins airing in Alaska on KACN in the coming weeks. Punch TV believes that Alaskans are already thirsty for its new programming.
About IC Places (ICPA):
The future of entertainment has arrived with IC Places. IC Places (ICPA) is a public company which trades on the OTCQB: Symbol ICPA. ( www.icplaces.com )
Uniquely sensitive to the fact that the world's populations want to access its entertainment, when, where, and how they want it, IC Places (ICPA) is a transmedia entertainment complex that produces entertainment content for distribution across multiple mediums.
On August 11th 2012, IC Places (ICPA) announced it had completed the purchase of Punch TV Network giving the company a broadcast TV network available in 50 million households. This network is growing rapidly every month. In August 2012, the network expanded into New York and Houston TX adding 14 million households. Punch TV Network has a roster of original programing which includes 36 new dramas, comedies, variety shows, talk shows, children's shows, and inspirational entertainment.
Through multiple long term partnerships, clips and full episodes of the company's shows are available to more than 300 million people a month outside the traditional set top box. This exposure serves as both a profit center and marketing component promoting the TV Network, its line up and the company's new media specific programming across multiple platforms.
One of the core components of this multiple platform approach is IC Places (ICPA) 350 city-based websites. These online "websites/TV stations" offer virtual keyhole views of life in each community they serve. These sites offer local, regional and national news, as well as programing. They deliver Punch TV to communities in which the network is not currently available through traditional means.
In May of 2012, IC Places (ICPA) signed a content distribution and development agreement with connectiVISION Digital Networks for their new Clear Vision Airport Network. connectiVISION Digital Networks for the Healthcare Industry expands that agreement by adding IC Places (ICPA) content to the Away From Home Television network in waiting areas of Hospitals, Doctors offices, Clinics and Care Centers across the country. This extended ad based network offers IC Places (ICPA) another revenue stream for the shows it produces as well as additional exposure for its newly acquired Punch TV Network.
Additional partnerships deliver IC Places (ICPA) content to Checkout TV Network, HDTV network, Dining Network further expanding its footprint in breadth and depth to levels unimaginable as recent as a decade ago.
To complete its reach, IC Places (ICPA) signed a 2nd window and International Distribution Agreement with Spartan Bay, a company that will profitably deliver IC Places (ICPA) shows to markets around the world.
Through the long arm reach of an intricately woven network of partnerships and owned properties, IC Places (ICPA) stands out as one of the most unique diversified transmedia companies on the planet. Its structure offers the and greatest opportunity to generate the highest level of market awareness and profit for the shows it produces.
IC Places Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. (A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.) The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact Information:
IC Places, Inc. (ICPA)
www.icplaces.com
Steven Samblis
407-442-0309 Ext. 2
Press Inquiries:
info@icplaces.com
SOURCE IC Places, Inc. (ICPA)