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A lot of volume on bid could say a positive but then again
Bid getting smacked which started with a 25K lot at 6.65 earlier
Someone buying, someone selling. Who knows. Its not insiders though being in the quiet period ahead of earnings
Technicals don't mean anything in a stock that routinely moves over 1% on single 100 shares lots
I love this new Board they are putting together
I think when they finally put out a press release giving their earnings announcement date (probably set for late next week) that will be a positive for the stock price. Should see that in next couple days
This sector is so out of favor and hated that any positive news on any Patent asset anywhere is welcomed by me.
Interesting news in VRML this evening
Northland Report reads great IMO. Very nice job by the analyst there. I would consider this our first real legitimate analyst coverage. Happy he left room in his rating to upgrade!
Marathon Patent Group initiated by Northland Securities at outperform. $12.00 PT
For some reason not hitting the newswires yet. But it will.
Lets not ruin this message board please. Thank you
The Fortress news was huge. They need to get the word out and explain why. That starts this evening
I also believe that the new Directors is a nice positive. This is all part of the early innings in this name.
The stock is a total dog now and I believe that is because the sector is very very out of favor. Any renewed interest in the space and I believe that MARA will be in a position to lead the pack in the coming years
That is the DD that MARA is doing now. They are gathering information from Stryker on sales etc. in order to make an informed decision on what they can/should/will ask for/get in a settlement to lift the injunction.
The number will be small peanuts for Stryker but potentially very nice for MARA
Down on good news. Its the MARA way
After a day and half of DD including talking to the company and a number of investors I am confident that the TLI Markman news was barely a hiccup and that the Stetson resignation is actually a positive event. I am more bullish on 2015 than at any other point since first buying shares 2 years ago. I think the risk reward has gotten significantly better here and the headline odds are in favor of positive news in the near term
I simply think that the sector is very very out of favor now and that is the only reason for the stocks poor recent performance
Yes there have been a number of those at much higher prices than the close over the last few wks. This is the biggest though. It also has a different code associated with it. Says its a cross. I don't know how these things work. Not sure what to make of it.
Doug doesn't see any of the recent "bad" news this week as bad at all. Not material to the company's value or its prospects.
Ed's point is well taken and he is right to live by his rules. It is ALMOST never good news to see something like this. And it is very prudent to be suspicious especially when the news comes with the horrible trading action
However! Don't forget this stock started as a reverse merger OTC name. Another warning flag. This news clears out the last remnants of that previous company. Remember Stetson was named CFO originally, before being replaced (another red flag that really wasn't). So I'm gonna choose to look at this as a positive step forward away from the past and towards Croxall's vision of being the Best in Breed public IP company
Exactly. This company is about Croxall and Spangenberg. Those are the only guys that matter. And one just locked in another year.
The number of shares Stetson owns is also misreported I believe. Like you said he was there from the beginning because he came with the deal. and has gradually been phased out. Its not spinning anything its just looking at the facts.
All this news seems to be prep for the announcement of Spangenberg joining the Board
Agreed. Who wants to make a bet that Mr Spangenberg and his 20% stake will find a way to make this beneficial to MARA?
In October MARA pre-announces a huge unexpected Revenue number, stock gaps up and has an ugly reversal followed by a 20% decline
November a blowout EPS number gets reported followed by an extremely bullish conference call, same result, gap up 14% decline.
Two months from that October low after the pre-announcement we hit all time highs +67% from that bottom
Go figure. One thing I am certain of is that the FIG financing is NOT bad news. Whatever the market reaction may be. For whatever reason the pattern seems to be good news gets sold first then ultimately rewarded
IR is confirming that the proceeds from the deal are not for a SPEX acquisition. Inferring a far better deal is hopefully coming soon
Boy does this stock always react great to positive news (torn over a smiley face or sad face face to insert here?)
I thought that the original 8K clearly stated "each of" the 4 quarters.
In any case it may be better that we don't have such a lofty covenant in there that could attract short interest
$50m to play with + FIG as a backer = excited for 2015 and beyond
Well ACTG trades at almost 6X revenues
If we give MARA half that multiple for now do to size and liquidity etc. That's 180M divided by 19.5m shares out fully diluted (not including the warrants in today's filing) or ~ $9.40 a share. I think that is low end base case for where we should stand now
Move the multiple to 6X and we are over 18 per share. Up that 60m which is likely low and you get the point.
FIG isn't the worst guy to have see value in your company either. My guess is that this is a pretty small deal for them with means that they must really like it and see much bigger things in the future to take the time
I see 100 shares just traded at 7.79
Ok this would appear to be good news. As we know Doug has never steered us wrong when it comes to purchasing new assets and its also been a catalyst for the stock in the past. This gives him a nice facility to play with.
BUT what caught my eye was the covenant
The Purchase Agreement contains certain customary events of default, and also contains certain covenants including a requirement that the Company maintain minimum liquidity of $1,000,000 in unrestricted cash and cash equivalents and that the Company shall have Monetization Revenues (as defined in the Purchase Agreement) for each of the four fiscal quarters commencing December 31, 2014 of at least $15,000,000
Is this MARA giving stealth guidance that they believe we will now be earning a minimum $15m in revenues per quarter this year??? (and I would emphasize minimum as I would expect a sizeable cushion)
Am I right or worng here?