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With 65 million in cash coming in 20 day sales !!!
Someone on stock twits posted that link right now
Guys this links says it's a 100 million dollar deal !!!!!!
http://stocknewsflow.com/1366340_000136634018000011_0001366340-18-000011ppp2
Item 1.01. Entry into a Material Definitive Agreement.
On March 1, 2018, Finjan Holdings, Inc. (the “Company”), including its wholly-owned subsidiary, Finjan, Inc. (“Finjan” and collectively with the Company and its affiliated companies, the “Finjan Parties”), announced that Finjan Parties and Symantec Corporation (“Symantec”) and its subsidiary, Blue Coat Systems, LLC (“Blue Coat”) (collectively, the “Symantec Parties”) have reached a mutually agreed Confidential Patent License and Settlement Agreement (the “License and Settlement Agreement”) effective as of February 28, 2018 (“Effective Date”). Specifically, the Parties have resolved and settled all claims between them.
As part of the settlement, the Symantec Parties will obtain a license to, among others, the Finjan patents and pay the Finjan Parties $65.0 million in cash within twenty (20) days of the Effective Date of the License and Settlement Agreement. Further, upon acquisition by Symantec of certain entities within four years from the Effective Date, the Symantec Parties will pay additional license fees of up to $45.0 million to the Finjan Parties, unless otherwise mutually agreed to by the Company and Symantec. The remaining terms of the License and Settlement Agreement are confidential.
The foregoing description of the License and Settlement Agreement is qualified in its entirety by reference to the full text of the License and Settlement Agreement, which the Company intends to file with the Securities and Exchange Commission as an exhibit to the applicable periodic report. The Company also intends to seek appropriate confidential treatment of certain terms and provisions of the License and Settlement Agreement in connection with the filing of such agreement, in accordance with the procedures of the Securities and Exchange Commission.
A copy of the press release issued by the Company relating to the matters discussed above is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The information in the press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, unless the Company specifically states that the information is to be considered “filed” under the Exchange Act or incorporates it by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits
(d)
Already buys at 3.07 in premarket
1bc, you hit the nail right on the head on fnjn . Now this is the fun part watching the slow and steady build up . Looks like the 2 sellers will be gone soon . When institutions are involved , a few million shares sold are crumbs compared to the buying that will come in . Reminds me of the price action on vhc and scln before they shot to the moon .
Just hit 3 again then dipped to 2.94 . I think by the time of the official announcement of the deal the 2 sellers wiill probably badly have gotten rid of most of their position then we are in for clear skies
Paulie, thank goodness for this , I saw an article that says other institutional investors have started taking up larger positions in fnjn . This would defubayely be the time to get more as the price is depressed
lBC of this turns out to be true and it's announced this stock will explode . I've been trying to buy altcoins for 3 weeks now and I can't seem to be able to find my coinbase account . Very frustrating
Cool dude nice to have a blast from the past :)
God bless
Paulie ask them if those redeemed shares were redeemed from the 2 large sellers or not ???
Jedi were you on silicon investor before because I remember another trader that had your quote talent on loan from God but I forgot their screen name but he was a very good trader . This was back in 1999.
Good point .
Great idea , but if I were fnjn I would try to do a buyback right before they know they have secured a big settlement . Wouldn't that save them some money .i mean of those 2 big fish knew that they have secured a big settlement wouldn't they ask for more on the remaining shares they own ?
Ah ok, got it thanks :)
How many shares do they have left to sell before we are done with them and how long do you estimate it will take to liquidate the rest of their position ?
Thanks
Lbc, what I have a hard time wrapping my head around is why would they be selling if we expect ndes on settlement ? I mean wouldn't they be privy to this need before we know about it . it seems to me that there has always been front running on this stock . Why sell now ?
I've never had a stock confuse me as much as this one does
Guys what's your opinion on the volume the other day ?
Hey my friend I'm hoping it will be for 50-60 million cause I'm done with stocks after this . Alt coins is where the action is at
Thanks man , I'll try to do better due diligence instead of trust scammy nees letters .
1bcb I wanted to apologize for not trusting you . I guess my past involvement with penny stocks made me cautious of everyone . Just wanted to put that out there .
Stock twits is showing sales from that fund as well as the fund that closed the financing deal .
If the fund knew the company was headed up on a big way why would it close now ?
Maybe I'm just frustrated
My question is why would they be selling ? Do they know something negative in the pipeline thstver don't know about ? If all is well with fnjn why would they be tryin to get out now?
Paulie why is there so much inside selling ? What do they know that we don't ?
Why does this keep going down ? Is there any chance for a reverse split ? This is bull crap
No wonder there were so many inside sales of stock . This kind of bs should be illegal to do . Hopefully there is some investigation going into this crap
What in gods name is going on with this friking stock ???????
Wow 31,700 and 29,300 buy at 3.48 after hours!!!
Those look like block buys !!
Is this the beginning of institutional investors coming in here ?
I really hope it's an acquisition.
Wouldn't this be a good place to buy more since the public offering price is at 3.15?
Wow nice trades dude . I always like to see someone make out good in the market .
It's starting to move up again . That large volume a few days ago I just can't get out of my mind .
My experience in the market tells me someone knows something . I just wish I knew what
Good Paulie even after the bloodbath I'm still up on this . Entry point is so important
Paulie where is that in the filing ?
Yea totally .
Today is kind of depressing to watch . Hopefully the company clarified why it had to stop this great momentum we just had :(
And what was that volume the lady few days ?
Where did it come from right before this hammer ??
This is weird .
lol Roger , but they do there the extra cash .
I see a few reasons ?
They see the stock other very going down later
They see acquisitions ?
But who are they selling the shares to exactly ?
Next question is if they already have a good amount of cash why are they doing this public offering ?
Anyone have any good answers here ?
You ain't kidding dude lol
I was once allowed into on if the best trading groups online and I made the mistake of leaving them and putting all my money into one penny stock . Dumbest thing I ever did .
If I had stayed with them i would be worth on the 7 figure range easily by now .
Sigh
Wish I could find them
That's the more level headed answer Roger :)
I'm in at 3 bucks so I'm still up and can afford to hold through .
I'm looking for a double to triple
Hopefully this year I won't be homeless much longer :)
I'm just trying to understand this after hours news .
Doesn't seem to have more details to it
And your doing this out of the kindness of your heart ;)
Do you also feed the poor and homeless on the side ?
I've lived almost 50 years a on this earth and I know that most people have hidden intentions ;)
The stock market is certainly not immune from this .
And your doing this out of the kindness of your heart ;)
Do you also feed the poor and homeless on the side ?
I've lived almost 50 years a on this earth and I know that most people have hidden intentions ;)
The stock market is certainly not immune from this .
The sky is falling right Roger ;)
Crappy day eom