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I see. .15. Is this correct?
It was an unrealistic guess. However, I believe $2 is very possible
I am hoping for $2 PPS by elections and $10 by Christmas.
Please get off the board! You have no idea what u r talking about.
I felt empowered and can't wait to put my ballot in the box! I really believe CO will be one of the first to pass the legalization of Marijanna. More money in the tax payers pockets because it will be taxed.
Go MJNA!!!!
I just voted for 64!!! Mailing ballot in morning. Can't wait to see how my h it wins by !!!
GOOG dropping like a brick!
GOOG dropping like a brick!
GOOG dropping like a brick!
The main thing is that they keep going down.
Ask price on Yahoo is $14 PPS.
Vringo Vs. Google: Today's Order Re: Vringo's 2nd And 3rd Motions For Sanctions
Oct 9, 2012 | by SteveKimLaw | includes: GOOG, VRNG
The Court in Vringo (VRNG) vs. Google (GOOG) just entered its order, granting in part and denying in part Vringo's 2nd and 3rd Motions for Discovery Sanctions against Google. Vringo's motions sought to exclude information that it contends was produced by Google after the required deadlines.
Vringo's Motion for Sanctions No. 2: Granted in part and Denied in Part.
Dr. Becker (Vringo's Damages Expert)
The Court denied Vringo's Motion for Sanctions No. 2, which sought to exclude certain evidence that Vringo alleged was untimely disclosed in the case. The Court ordered Google to produce certain U.S. revenue information to Vringo within two days, and allows Vringo's damages expert, Dr. Stephen Becker, to update his expert's report on damages within two days thereafter.
You may recall that Google previously filed a motion to try to exclude Dr. Becker from testifying at trial based on its disagreement with his methodology in calculating damages. The Court's order allowing Dr. Becker to supplement his report is not explicit, but it suggests that Google's motion to exclude him from testifying at trial will be denied. This would be consistent with the "guess" on this motion that I made in my first article.
Dr. Frieder (Vringo's Liability Expert)
The Court also denied the portion of Vringo's Motion for Sanctions No. 2, which sought to exclude Google's evidence of non-infringing alternatives, but allows Dr. Ophir Frieder, Vringo's liability expert, to supplement his expert's report to respond to this information by Friday, October 12, 2012.
Here again, you may recall that Google previously filed a motion to try to exclude certain supplemental opinions by Dr. Frieder. It does NOT appear that this order resolves Google's prior motion, but allows Dr. Frieder to make an additional supplementation of his report.
Vringo's Motion for Sanctions No. 3: The Court denied Vringo's Motion for Sanctions No. 3. In this motion, Vringo sought to exclude 250 pages of source code Google has offered to rebut the claim of infringement prior to November 8, 2010. According to Vringo at the time it filed its Motion for Sanctions No. 3, Vringo was unable to evaluate the importance of this source code as of the date of the filing of this motion. If allowed, the Court's order allowing Dr. Frieder to supplement his expert's report would likely also cover his ability to supplement his opinions regarding the new source code as well.
On balance, the Court's order regarding the motions for sanctions matches what one would normally expect. In a complex case such as this one, Courts tend to favor allowing relevant evidence into the case, and allowing the opposing party (in this case Vringo) to have their experts supplement their reports to take all evidence into account.
Disclosure: I am long VRNG. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
GOOG still way down. If they had won. It would have gone up.
Vringo, Inc. (NYSEAMEX:VRNG) recently declared that the company has entered into subscription agreements in order to sell nearly 10,344,998 shares of its common stock in a registered direct offering at a price of $4.35 per share. This deal will result in gross proceeds of about $45 million.
The Company offered directly to five existing institutional investors without any underwriter or placement agent.
During the last day trade, VRNG closed $ 4.54 after decreasing nearly 13.52%. The Company’s 52 week range remained $ 0.68 to $5.55 with its market capitalization touching $264.43 billion.
Vringo, Inc. (NYSEAMEX:VRNG)’s monthly share price volatility is 10.27% while in assets turnover rates its ROA remained -541.31% with return on equity at 27.51%. The company’s current share price is above its 52 week low by 567.65% and below its 52 week high by 18.20%. The Company holds nearly 5.11 million shares outstanding while its shares float touches nearly 46.91 million.
This weekend will be a nail bitter!!! Hoping all goes well for us.
Besides, who would buy shares @ $4.25 (over 10 mil of them) if they didn't think there was potential here. I am sure they are not shorting VRNG, because the PPS has not dropped below $4.25.
I am thinking JP Morgan, Schwabb, Morgan Stanley, Vanguard, or Janus bought them.
JMOP
The surge has just started. I am optomistic we will surpase 5.55 by COB.
This is going to be hard to watch for the next month. .20 cent swings equate to $350 for me. Some of you have more shares and all I can say is that it is CRAZY GOOD!!!
OMG PLS DO NOT SIT ON THE TOILET WITH IT. BAD VISUAL
What is the pre-market real time quote now? I believe I am a bit behind. Last I looked VRNG was up .31
Let's just sit back and watch the $$$'s come our way. Green days ahead here!
Hoping for a fantastical day today!!!
Hey Pal... Not going to happen.
The pull back was last week. If you missed it...the train has already left the station.
I will cash out what I put into VRNG and reinvest it. Approx 150 shares and let the rest ride.
If I need more money, it will be there. I believe this train won't slow down till it is over $70. Maybe wishful thinking, but we will all know when it happens.
It's up to you what you want to do and how much you want to risk and for how long.
JMO
WEEEEEEE are laughing Now!!!
It could have gone either way with the judge. 50/50
We just ended up on the right side!!!
Looking forward to more gains!!!! Hope this is a life changer for us.
GLTA
Let's all talk about what the PPS will be by end of October. Anyone have any ideas???
Any validity to the $25 to $140 PPS people have talked about???
Hey. Anything is better than where it is right now.
This is a tatic to have everyone to look left when all of the action is occuring at the right.
They are trying to delay the inevitable. They have to pay GOOG and have already admitted they owe, but are trying to get off as cheap as they can. There's a 3 to 1 consensus that VRNG will prevail.
http://www.istockanalyst.com/finance/story/6062248/the-clock-is-approaching-midnight-for-vringo-inc-vrng
Goldman just listed a "buy" rating on VRNG. I am sure they don't do that to be nice.
http://estocksdaily.com/yahoo-inc-yhoo-buy-rating-reinstated-by-goldman-yhoo-aol-goog-mrvl-pcs-jdsu-ctl-vrng-cphd/
It would benefit GOOG to settle prior to the 16th. Why? Because they will more than likely loose in court and the judge will rule in VRNG's favor for more $$$ than if they were to settle before court.
The only way I see GOOG going to court is because they have money to burn and probably believe it will save face. GOOG has PPS over $700 and may not care about settling. They might want to see what happens in court.
However, the Judge could very well recommend they settle before court.
My guess...they will settle before court....
OH. All the filings are a way to clutter and misdirect/bogg down the court. It's a tactic to make VRNG settle before court. Ergo...they pay less.
A bunch of BS if you ask me.
I believe it will open above $4.00 not .04 Monday morning.
Anyone else believe this?
The only question is how quickly it will rise afterward. You know GOOG wants to settle this quickly and cheaply.
I believe VRNG could get close to a billion or more and the multiplier could go up to 15.
The HUGE Question....
How does this all relate to PPS Monday morning? Are we going up exponentially or sideways????
Lots of talk going on about a PPS btwn $4 and $7 at the bell. Any rationale ideas????
97% of Google's revenue in the United States comes from the company's search engines. During the last six years, Google has generated $67 billion while using Vringo patents. If Google is convicted of infringement, Vringo is entitled to damages, and possibly treble damages because the infringement appears to be willful. If we take an extremely conservative royalty rate of .5%, Vringo could receive $335 million, just for past infringement.
Okay, that's a big number, but we are only halfway there. If Vringo prevails, Google will have to pay ongoing future royalties for the next four years. Google is a much larger company now, and I estimate that over the next four years, Google will be generating US revenue in excess of $75 billion while using Vringo patents. Again, using the .5% royalty rate, Vringo stands to reap $375 million in future royalties.
That gives us two potential settlement figures: $335 million for past damages, and $375 million in future royalties, or a total of $710 million. Now let's translate these numbers into potential share price appreciation.
If we use VirnetX as an example, it received a $200 million judgment from Microsoft, of which it was able to net about $125 million. That one victory, combined with the recent Astra and Mitel (MITL) victories, as well as potential future victories, has created a recent market cap for VirnetX of around $1.875 billion. Once patents begin generating cash, their value increases dramatically, hence the increase in market cap for VirnetX.
If we take the VirnetX market cap, of $1.875 billion and divide by the $125 million that it received from Microsoft, we end up with a value multiplier of 15. (Cash received times value multiplier equals market cap.) In other words, the market is saying that VirnetX is now worth 15 times the net cash it received. This value multiplier is the premium the market assigns to VirnetX once the company has proven its patents could generate cash.
We can also look at this another way: VirnetX was trading at $2 a share before the Microsoft settlement, and is now trading between $30-$40 per share after the Microsoft, Astra, and Mitel settlements. The share price has appreciated by a factor of 15 to 20, in line with our value multiplier of 15.
The big question is how much of a value multiplier can we apply to Vringo in terms of estimating a new market cap? It's clear that once Vringo proves that its patents can generate licensing fees, the company's current market cap will be multiplied by some factor. Will it increase by a factor of 15, as was the case with VirnetX? Yes, it could, but to keep things extremely conservative, I am going to give Vringo a value multiplier of 5.
If Vringo prevails over Google, and receives $710 million, Vringo should net about $568 million (Vringo stated it would keep 80% of any settlement fees as pure profit.) With a value multiplier of 5, that would give Vringo a market cap of $2.84 billion (multiply $568 million times 5). With a market cap of $2.84 billion, using a total diluted share count of 81.5 million, the Vringo share price would be $34.8.
Okay, let's see what would happen if Vringo received a 1% royalty rate. For past infringement, Vringo would receive $670 million. For future infringement, the figure comes out to $750 million. The total infringement would be $1.42 billion of which Vringo should net 80%, or $1.13 billion.
Using a value multiplier of 5, the post settlement market cap would be $5.68 billion. That gives us a share price of about $70.
If you want to look at share price potential based on EPS, the numbers look even better. Using a .5% royalty rate, with earnings of $568 million, we have an EPS of $6.96. (divide $568 million by 81.5 million shares). With a PE of 10, that gives us a share price of $69.60. With a 1% royalty rate, we get a share price just under $140. Given the extremely variable nature of Vringo's future revenue stream, I realize the EPS model is not ideal, but it does give us a rough approximation.
In terms of figuring out what kind of a royalty rate Vringo could actually receive, I think it's good to focus on what VirnetX received. VirnetX offers a similar model to Vringo.
If you take a look at the VirnetX licensing rates, (scroll to page 28 of the link) you see that they range from between 1% and 5%. With regards to the recent VirnetX settlement with Mitel, VirnetX CEO Kendall Larsen had this to say: "We are pleased to have come to an agreement with Mitel on terms consistent with our VirnetX IP Licensing program." In other words, VirnetX is receiving somewhere between 1% and 5% from Mitel because the Mitel settlement is consistent with the VirnetX IP licensing program. I expect VirnetX to receive similar licensing fees from Apple (AAPL), Cisco (CSCO), Siemens (SI) and all the other defendants.
I am assigning Vringo a substantially lower royalty rate than VirnetX, as a worst-case scenario. If Vringo ends up receiving 1.5% or higher, we can all be pleasantly surprised.
***ABOVE WRITTEN BY A YAHOO MEMBER***
Does anyone know what this will mean compared to the PPS? Other articles stated that VRNG would/could reach $40 or more PPS. Is this correct or just smoke???
No, but USAA won't let you buy MJNA or CBIS. Only sell them. This happened last week around the time CBIS had posted bad news about their President, Llamma.
I have a good chunk of shares, so I am not worried now. Only if it goes up like last time and drops. I am hoping this time around it continues to rise past .24c and keeps going.
I am sure a cure for cancer is worth more than .24c or the current .05c price.
Only green skies ahead of us!!! HAAAAA
Hoping this will help the MJA stocks.
Big vote coming up soon. This will only help.
I was there when it happened. Held strong. Waiting for real $$$. Chump change when it ran to .25c.
Waiting for $$$'s. This is my lotto ticket!!!
In since last spring. Holding till $ land. Naysayers come and go. I kew CBIS was for real all a long.
Made some $$$ cha ching today. Hoping you all had a good day.
Toats!!!!!
I am happy that most of you had a good day and were able to sell and buy back even though I did not.
Let's all hope the stock starts climbing and we won't have to do this again. It is about time we made some money!!!!
Let's all hope the coming months brings prosperity to all of us.
Go MJNA!!!!
I really feel bad for those of you who sold, due to the fear tactics.
Most of us are here for the long run.
Can anyone summarize what is going on? It appears I am late to the party.
What is going on with ML? Who is ML?
Vringo, Inc.(AMEX:VRNG) Witnessing Large Out Of The Money call Option Activities
http://themarketsareopen.blogspot.com/2012/08/vringo-incamexvrng-witnessing-large-out.html
Irrespective of the fact that the shares of Vringo, Inc.(AMEX:VRNG) have soared 275% so far this year, option traders are making bullish bet on the stock majority of the buying are witnessing for the November expiry.
The company had sued Google earlier this year calming that the later has infringed its patents related to sorting ads based on click-throughs. Both the companies are scheduled to present their views on October 16.
Considering the above scheduled event, option traders are bullish on VRNG and made several call buying for Nov 17. The most active contract was $5 strike price which traded 690 contracts and open interested stood at 18694. Also, 594 contracts were traded for strike price of $4 with open interest of 4249.
Get Free Option Trading Strategy On VRNG Here
Interestingly, few highly bullish traders bought a total of 322 contracts and 330 contracts for Nov $9 calls with premium price of $0.55 and $0.45.
Usually out of the money call buying is a very bullish bet and considering the latest activities, seems like traders are expecting VRNG to win the case against the search engine giant and earn maximum profit from their bet. However, if the VRNg losses the case, those option traders have limited their loss to the premium paid.
Shares of VRNG was down 0.80% to $3.72 on Wednesday after surging over 9% in Tuesday’s session. The stock was trading less than a dollar in January.
Earlier this month, AOL settled with Vringo's I/P Engine in the same court. I/P Engine is a company that merged with Vringo earlier this year
225M Float is very low. Just look at NOK. It has over a 3.6B float and is over $2.50 PPS.