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VRNG gets the first 22 million they paid for the patents before the 35% kicks in
If its been said once its been said a thousand times. Until the money is in the bank Vringo will be manipulated. Cash is king!
Much more interesting was the comments section! Talk about heated debate! Good job MSprings in representing Vringo in a sea of Google lovers.
EDVA blog out:
VRNG: Win Over Google Could Be The First of Many in 2014
30
JAN
We finally know what the Honorable Judge Raymond A. Jackson thinks. He basically threw the book at Google and why not?! After enduring a preposterous amount of shenanigans (many of which we documented) he has finally, ably, and with due diligence (though some delay) done what we thought he would eventually do so many months ago. We are encouraged that the Judge saw fit to award Vringo 6.5% as a running royalty and at the same time believe Google deserved much worse.
So what does this now all mean? The award is $930M plus another $50M or so in past damages, interest and supplemental damages. Additionally, other factors that investors must consider are the Microsoft settlement, cash on hand, net operating loss carry forwards, etc. Fair market value for Vringo based on this award alone as it stands today (with no defeats on appeal and nothing added either in terms of a laches reversal) is somewhere in the $7ish range on a cash basis after tax and after legal fees. The foregoing includes no multiple on earnings which of course could dramatically alter the value. We note that VRNG is currently trading at a discount to that number and our supposition after the judge’s order was that many holders who felt locked into the Vringo vortex for so long would take profits. No problem, they are being replaced with institutional money and many who feel that the risk is now aligned with appropriate upside. We get that.
One thing people keep discussing is the idea of Google finally buying out Vringo. We don’t see that since we are not convinced that Google sees anything it wants to be involved with beyond this case and that is why they would be buying anything…otherwise they could just cut a deal to settle for a number and frankly despite their public rhetoric, we have no idea whether or not they may be considering that. Even though we have often said that any loss is a rounding error for Google, if one or more of their bright, in-house counsel were to convincingly bend the ear of the appropriate person and say “ya know, I don’t see a win here on appeal for these reasons” then we could see a rather swift end to this. The litigation team will keep on fighting until they are blindfolded, bound and lined up against a wall. Yhat is just how these folks play the game but it isn’t all that smart. I know no one is predicting a swift settlement (and we aren’t convinced either) but sometimes that is when these things happen. I give Google almost zero chance on appeal and if nothing else, those who have followed this blog over the past 14 months or so, know we have been pretty studious in following this. I can’t believe that they don’t have someone in-house who even though they don’t “need” the money might counsel them to just dispose of this and move on. What would Vringo take in cash now? Would they take a 20% discount? Maybe.
Just as we might want to get lost thinking about what companies like Google and Microsoft (or whoever else) might do and whether they would be interested in Vringo for their vast and growing patent portfolio let’s not forget the folks that are already doing what Vringo is doing. There are Patent Assertion Entities (PAE) out there that may be very interested in Vringo right now. If I were looking to buy Vringo, I’d be in discussions now not after the appeals court decides to uphold the district court’s decision and not after the ZTE awards start rolling in (we are already seeing others as well). Google has (and has had) a flimsy case from the get go. Their workaround machinations were just another in a long line of farces, my favorite of course being their discussion of how the Norfolk jury came to the “correct” damages equation. Perhaps they got a preview of some of the now ubiquitous cannabis floating around in Colorado and got a big laugh while crafting that motion.
Keep in mind that Vringo is aggressively litigating its patent rights on the Nokia portfolio worldwide and we expect that if Vringo can recover a billion dollars from Google on two patents, they can do the same or better on a couple hundred times that. We’re really not sure where this trades in the short run and to focus on that sort of misses the mark, but we can see a pathway to a sustained and growing PPS of $10-12 at some point in 2014 as we see more case conclusions. People may disagree or argue that we have no idea and of course that is entirely correct (no one has a crystal ball) but these same individuals were ridiculing our supposition that Vringo would receive north of $600M on a running royalty and in fact they received 50% more. No one was calling us conservative then!
Whatever your investing strategy may be it would be wise to consider that 2014 is likely to be a transformational year for Vringo. Whatever gains achieved in the short run are likely to be dwarfed in the medium run. As Vringo seeks to enforce its patent rights in other jurisdictions and against other defendants, shareholders should now expect that the company and the management team it has assembled know how to execute. We note the recent agreement with ADT to settle a case which leaves Tyco as the remaining defendant as well as a new suit filed against Tyco in Mannheim by Vringo’s wholly owned German subsidiary. Since we have no details on the ADT settlement we simply can’t quantify it, but I think the days of getting validating settlements at lower rates are clearly over. The first clue should be ADT’s market cap. In any event, for those who stayed the course and for many who will likely continue to stay the course with Vringo, it is gratifying to see patience rewarded. The company itself, its attorneys and officers, are to be commended. It sure has been a long time coming.
As always the above reflects our opinions only. Please do your own due diligence or consult with a trusted financial adviser before investing in this or any other company.
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I hear Kevin! Im not selling a share under 10 bucks. It may take 6 months to a year for this to get to fair value but selling now is giving your shares away.
Theres a voice of reason! 2014 is our year, we just need wait for all events to unfold. Appeals, ZTE ect and we are double digit plus! Congrats
Thanks Kevin. What is your best estimate on when the appeals process will be over? I keep hearing anywhere from 6 months from now up to 2 years which seems a bit extreme.
TIA
Thanks for clearing that up flyers. Appreciate it.
I found a interesting post on the YMB
espeedshop • 14 minutes ago
After careful analysis, reviewing cases, articles, and possible lawyer’s strategies, my intuition has lead me to believe the following. The additional 3 patents to be reviewed by PTAB are negotiating chips. BCYP will drop them as not to delay the MH hearing. This in return allows GRPN to save $$ regarding the 3 patents and settle with the original. I don’t see any evidence that MYLIKES or LIVING SOCIAL settlements included the 3 additional patents. When the announcement is made it will be like “a thief who strikes in the middle of the night”. I’m just a little fish swimming on the back of the BLUE WHALE investor’s and I think they have insight how this chess game is going to end. Those who are waiting to get in @ better than the current price good luck. Of course the MM’s are betting on the absence and lack of no news regarding if GRPN will file for a STAY. They want squeeze out more profit for them and take out the weak hands, but as the date gets closer to Feb 5th, with no news requesting a STAY I think this Little Blue Engine, will being going up in price saying
“I Think I Can, I Think I Can… I Know I Can, I Know I Can… All Aboard next Stop Settlement.
Kind Regards, Less
Wow! For once I actually agree with you secureit. $4.00 might be a stretch for the W/A that no one is buying. RR is the mover.
Wrong just the opposite. It's aimed at patent trolls targeting small firms that can't afford to defend themselves basically eliminating legalized extortion. This will have no effect on BCYP what so ever.
Your absolutely right, I was just confirming what one poster was reporting from VFF for Kevin.
He's right saying on the VFF board someone claims to have called the court and the clerk looked it up and told him 1/22/14.
You say the 22nd? Thats a Sunday so doubt they would announce anything big that day. just wish one of these BIG annoucement predictions would be accurate. Im getting old waiting on this stock.
Very nice recap reader. Would one of the moderators please sticky this post for new investors at the top. If not it will be buried by the poster on this board that posts 24/7 with nothing but drivel.
Thank You!
Watch it MtMom! He will delete your post as he did mine for saying basically the same earlier today. We have a dictator running the board!
Exactly! No negative news came out of CC period. In hindsight they probably should have just posted the presentation on the web site since there was really nothing new to report. This is what we will deal with many times over in the coming months. Penny flippers pumping and posing as a long then selling and bashing when we move up a few cents. Rinse and repeat.
cccc when you have a mod that wants the stock lower you will be deleted with any post he or she does not agree with mine included. Nothing has changed from yesterday and I still think this business model is a big winner in 2014.
The burn rate was said to be 200k/month not 2k and debt owed to friends and family 600k not 60K. All in all pretty much what I expected although I think based on comments pre CC some will be disappointed. When it comes to litigation you will never get answers with ongoing cases.
Hey asking questions, learning more and keeping it real is what everyone should do. BUT when you come on a MB and call everyone Blind Idiots and numnuts what response would you expect?? Postyle is disliked by many due to the way he comes off sometimes but has a lot of knowledge to offer and when he words things the right way i very much listen. People skills is a art that will get you far in this world, some just don't have any and there point is lost in the way they come across.
Merriman Capital Upgrades Blue Calypso to Buy
(Thomson Reuters ONE via COMTEX) --Merriman Capital Upgrades Blue Calypso to Buy
SAN FRANCISCO - October 24, 2013 - Merriman Capital, Inc., a wholly-owned subsidiary of Merriman Holdings, Inc. (OTCQX: MERR), upgraded Blue Calypso, Inc. (OTCQB: BCYP) from a Speculative Buy to a Buy rating.
Blue Calypso, Inc. develops and monetizes technology and intellectual property (IP) focused on digital word-of-mouth marketing and advertising. Its IP portfolio consists of five patents and four pending patent applications that cover methods and systems for communicating advertisements and electronic offers between communication devices, including mobile and desktop devices. The company's IP enables businesses to employ digital advertising to share and socialize brand content, as well as track performance, monitor engagements, and gather robust analytics. Blue Calypso licenses its patented IP and is aggressively pursuing patent infringers. In addition, it offers digital innovation services through Blue Calypso Labs, which help its clients develop unique software solutions that solve strategic business problems that leverage its portfolio of patented mobile social sharing technologies. Blue Calypso serves companies in automotive, retail, travel, and consumer goods industries with the following digital innovation solutions:
- DashTAGG(TM), a unique game of social, mobile tag requiring physical and online play, is geared to increase in-store foot traffic and grow visitor-to-buyer conversion rates
- SOCIALECHO(TM), a patented social marketing technology that helps companies leverage their existing advocates, such as customers, social media fans, and email subscribers as brand ambassadors
- EMGAGE(TM), a patented technology that helps companies leverage the power of their employees to communicate company messages across social media communities
- POPSHARE(TM), an applet that resides on client Websites and offers consumers the ability to personalize then share brand content across their social media channels Less
And yet another example of a true self proclaimed "Professional" calling people "Blind idiots" and "numbnuts" You have no credibility at all here. All your trying to do is spew hate for the EDVA blog. You provide no DD that would suggest this tiny start up at .19/sh with a great new platform in the hottest advertising space with large investors that have many connections in the space and defendants rolling over that are infringing on their patents is a bad investment. If there were articles out there regarding the potential of the business model (which there will be in due time) you would call them speculating pump articles i'm sure. I will be looking forward to hearing you on the CC which Im sure you wont be on.
Membermark added! LOL and he claims to be a "financial services industry professional" LOL that post was as unprofessional a post as I have seen. Very obvious motives here.
Sounds like were all in the same age group. I was in college starting in 79 and went to every rock concert I could find. RUSH stands out as a fav. Neal Peart is still the best drummer in the world!
" Heard IZEA said they are not infringing on anything."
LOL, yes and Google a year after a jury verdict against them still say's they are not infringing on Vringo's patents either. We will see if IZEA wants to spend the capital to fight that claim while other defendants take up a license with BCYP.
I am sure Fish and Richardson did extensive research regarding Yelp's infringement before including them as a defendant. My trust is with them.
Another very strong day for BCYP. Accumulation taking place is obvious and you just get the feeling this thing is about to blow anytime now.
Just when we start to get excited with the large investors entering the picture the new business platform is in the news then something happens with the litigation. Things are moving fast and you can't stay focused on any one area! Gotta love it!
What about the hedge funds trading on this inside information? What do they stand to lose? I would say everything and would think with such a large short position to unwind would raise huge red flags if covered before any news came out. I just cant see them participating in such a visible scam risking everything. JMHO
Google may be fighting tooth and nail to the bitter end but there is NO WAY they would be tipping off hedge fund shorts when to cover. Blatant insider trading that would have MAJOR ramifications! Think about it for just 1 minute and for what? To prove a point I don't think so.
Heres to hoping they announce something "investors can sink their teeth into" (to steal a quote from EDVA) before the CC. Nice price action today!
Great stock picker? His stock pick of the year ITKG he called back in July that he bought at .41 today is at .35 and has a total volume of 196 shares traded today. He writes a pump article on WDDD only to come back and trash the stock after he sold. I wouldn't buy or follow anything the guy picks.
We have a conference call on the 30th smart guy! Why don't you call in and confront Bill Ogle regarding his P&D PR's. No chance of that happening but I would love listening to him to put you in your place pos.
He loves to show up when the volume dry's up and the pps is easily manipulated. Then when the stock drops a couple pennies he buy's proclaiming " great entry point! The coast is clear" then sells as the stock bounces back those 2 cents telling everyone what a great trader he is and what a pos we own. Rinse and repeat.
Looks like it's time to take out the trash!
Interesting.
Mobile Tagging for Retail and Consumer Products Companies
As the Internet and mobile technologies continue to change the landscape, IntegraColor is helping customers find new opportunities to reach consumers and build brand loyalty with mobile tagging.
Mobile tagging is the process of providing data on mobile devices at the point of sale through the use of URL encoded two-dimensional codes. These codes are read using a downloaded app that turns the phone’s camera into a code reader. When scanned the code links the consumer to a mobile website or direct to a video.
Mobile tagging codes can be printed on anything from business cards, display ads, sign and packaging. A powerful technology that can help you make the most of consumers’ mobile phones to bridge your physical marketing with your digital resources.
EXTENSION OF SIGNS AND PACKAGING
Mobile tagging enables extension of the primary product label or sign to mobile websites or videos that provides additional information about the product or event that many shoppers need to make a well informed buying decision. Many times not all of the necessary information fits on the product label or sign.
This additional information could include coupons, how-to or use videos, product manuals, and even checklists of other products that may be associated with using the product - to promote success and drive incremental sales. Information they can view in the store at the point of sale or save to their phone for later review.
THE COMPLETE SOLUTION
IntegraColor has pioneered the use of this new technology providing our customers not only the printed packaging and signing that displays the codes, but also creation of the codes, product database, and mobile website develpomnet needed to execute a mobile tagging program. Every program consumer focused and customized to meet the customer’s special needs.
LOL and your a shareholder knowing all that!? LOL SELL!
Yes, one has already shown up. This is when we need the ignore button. Love the new partnership with all the potential new customers. Waiting to see how EDVA connects the dots.