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Of course people are short each day. When the markets are going up traders trade long. When the markets move down daytraders trade short.
You're going to have 50-50 most of the time on average.
The company diluted us last year and smart shorts knew that would take the stock price down. Unfortunately i didn't know that and i was buying stock long while they took my money. Poor DD on my part.
Has he given a price target? I never saw one. Sorry if I missed it. Thanks and GL
I sold RED.
And I thank god I did. At 2.15.
No one can come forward with anything that shows manipulation.
I am waiting for YOU to tell US how we get to $5.
Wish we had that $1 Billion dollar market cap spreadsheet. I would use that.
My 70 cents is based on my estimates for future revenues and cash burn.
In my estimate we should be trading at 1/2 cash plus 1 x 7million today, but degrading day by day
Consider .5M cash burn per month. Consider $2M in settlements in the next 24 months. Instead of 1/2 Cash as time goes on that would change and go down as well. Maybe trade at 1/6 cash until the next secondary or dilution.
BTW I think the company raises cash again in the next 6 months. Be prepared for more dilution in one form or another.
Todays price I see 70 cents near term. Sorry when I look at my gains and losses the presplit and post split prices are together.
Did ZTE and the shorts cover like they had too after the split? It was said they had to cover and that the stock would recover. Instead we lost what 30%-50% or so?
Sorry I wish i could post more but i was restricted for posting about a copmany in the same space to make a comparison. T
I sold out at $2.15 and I am not buying yet. I see nothing that indicates recurring revenue and sustainable revenue to offset the cost of the business. I feel very lucky. I think 7 cents is coming. If 7 cents is coming any purchases at $1.6 is a 50% Loss.
Same old DUMPS. Seems like someone is holding up the price and then they sell a large quantity.
I be the stock holds 1.5's then dumps to 1'3s.
I am not accumulating thank god thank god thank god i have not. Those accumulating are accelerating their losses. Not me!
You will be adding others will be selling on any spike today.
Sad the company provided nothing in regard to revenues or profits on the acquired companies. I am disappointed and not ready to buy back in.
I am sorry what happened to you Spook. It appeared VRNG would score 1 to 2 Billion from Google, ZTE, DTV, Huei ect. I was skeptical the whole time. As I looked around at similar companies I saw no such payout. Little did I know VRNG was diluting pushing the stock down while i was buying. Stupid me for not doing DD.
Unforntunetely, the landscape has changed and that is why VRNG had to settle for nothing with ZTE. Right now that is all these IP companies are getting. Little to nothing. Holding out with ZTE would got them nothing more.. in fact, as the stock price for VRNG sank the less they would get.
Think about this guys. No one is going to settle for more than VRNG market cap. These companies will state this in the negotiations and VRNG has little to argue about. These companies can just hold on and buyout VRNG as the stock price erodes for less than the market cap. I see no hope here unless the IP landscape changes in favor or IP which i read, could improve this year.
GL
VRNG CEO getting same pay and compensation as the rest of the IP companies.
Unfortunately, IP companies are not getting the payouts we expected. The landscape has changed you can read this anywhere.
Most IP companies are trading at cash or lower. Its not his fault.
I did not buy into the idea the stock is cheap because it trades at cash or below. That is no reason to by a stock imho
Something stinks i got doped into buying while the company was issuing shares and someone was/is selling hand over fist.
Pearlman made no statements about settlements, royalties, NDA, revenues or profits. Those types of statements were made by traders. Leave him alone and find blame somewhere else. have a good day
Blame the CEO and the company? For what? They never promised a $200M NDA fine. They never promised $700M + licensing from ZTE.
They have made no promises so why are you ridiculing them? Be careful, I will send your bashes to Cliff and copy the SEC!
There are other companies trading below cash. That does not make this stock a buy. A sustainable business with recurring profits would make this a buy. Not recurring dilutions. IMHO.
like i said guys, i got out again at 2.15. I am not buying into flicharge is huge, its been around since 2010 under a diff name.
I am not buying into no more dilution. They have too because cash in does not offset cash out imho
I am not buying into trading below cash anymore. I found others trading at cash. Not a valid reason to claim its a cheap stock.
I will buy when i feel the price is fair with the business. The market agrers with me and has been 100 peecent right and have out smarted anyone who bought the stock. All shareholders who are long are down and others have taken losses and or dissappeared.
I am NOT Long. Again, I was LUCKY to get out again at $2.15 yesterday. So far i think i saved myself around $7,000 by selling and not holding and accumulating more.
So far, the being long case has been a TOTAL loss.
So far, accumulating more has been a TOTAL loss.
IMHO the price will continue to sink.
The company will need Profits of over $1M per month to break even. That is $12M per year to break even.
The fact is that the company has burned million and millions and millions because there is nothing to offset the spending. There is no recurring revenue.
I believe dilution is near as well as some other screw job to us shareholders.
Is the company issuing shares as a result of the May $50M shelf?
Or is that $50M shelf completed.
Is the company issuing shares for something else? This is the only explanation for the continuous selling and tanking of the stock price. Short interest is little changed month to month.
If the company is out of options for collecting cash (the shelf is done) then they will need to raise cash immediately imho.
$31M will be burned quick if you remember we are buring 1.4M month. Thats 20 Months.
Flicharge will burn more money. If they want to start some production of Flicharge I assume 10M will need to start production. Thats 12 months.
IMHO.
Companies do placements when the business is ripe. Thats what you are missing. Building their cash is priority. SHELFS like the one in May are for desparate situations.
Is that 50M shelf done? All that stock issued took us down bigtime and no one pointed out the stock was tanking as a result if this continous dilution. Thanks go V
Company should do a private placement. $31M cash will only last 20-30 months and if the company wants to market FliCharge they will need millions more.
The ZTE win and the FLiCharge story is the opportune time to secure some investor(s) to secure more cash.
The story for the motivation is simple:
An outstanding opportunity for rapid growth. And if it doesn't happen there is plenty of cash for year and years of salary.
Several companies I invested in did the Private placement when they were rolling in the cash and didnt NEED it. But they used the excuse that the money would be needed for acquisitions and was necessary to capture the huge opportunities.
Now is the time.
Maybe I dont know about raising cash but I DO know it happens with Dilution very often and V has diluted us.
Companies are always trying to raise cash and the best time is when you have a great story to sell. That is NOW.
V can dilute at any time they did it before. Remember that we thought they had enough cash to wait on the judges decision on NDA . Apparantly not they settled for a loss basically. I bet they dilute soon . I have been right so far.
Be honest with us you know a lot abbout this. Be prepared for dilution imho
Sorry how about another shelf for $10M ? Now is the time with all the hype company has a great opportunity to raise more cash.
Dont see any.
Now is a great time for a stock offering. FLI charge can be touted as well as the ZTE win. Management should be able to sell the story to issue new shares at 2.5 to raise $25M. That would add $25M to the market cap and should help raise future settlements. Jmho
Whatever you guys decide let me know. I still have shares in my Etrade account.
I did the same! Just sent 3 minutes ago. I lost hundreds of thousands here, have been booted of this thread many times posting negativity. Glad reality has sunk in here with you guys. I stated LU should be in jail with a life sentence or put to death, whatever the law is in china for fraud, corruption and stealing. Thanks for the info.
Shorts still in this? But I thought ZTE was shorting and they would 'cover' after the settlement.\ I also read VRNG had plenty of cash to fight thru 2016. This was all posted on the board. I didnt believe either. I was right.
654321 Welcome to the board. I joined a few months back, bought in after reading a Jgiles article around 50 cents. Sold out at 45 cents saved myself some further losses. I have 2,710 shares now but here in the $2-2.4 range,
So far my intincts have been right on this one. Knew we would never see 100M-200M in NDA nor the 750M in royalties.
I think we will be around $4 once the $21M hits the bank.
Sad Spook. Not the companies fault. The landscape has changed for the IP trolls. Royalties are gone. Lump payments are in and the lumps are 10X less than predicted here. There is another company where posters were expecting 1B-10B the payout was 200k. I would post more but it would be deleted as off topic.
Once $21M hits the bank we should see a $2 rise in PPS. I own 2,600 shares but ready to step on the gas at any time.
Some one tell GIOV where he went wrong is that the settlement lump sum will never exceed the Market cap of the company. Justin Giles was right. That is where you went wrong. However, the NDA could have been anything.
But a lump sum isn't going to exceed the market cap.
Is that a question? smdh
Now they idoits (stocktwitters) are promising royalties from DiretTV.
First its Zillions from ZTE, and royalties from ZTE, now it Royalties from DirecTV. sheesh
Agree Rain but we know that will never happen (share buyback). The $21M secures paychecks and bonuses for this company for the next 4 years. That beats a share buyback.
Flicharge will need to be profitable before we see 5X Revs imho.
The space for patent royalties has changed. VRNG would have never paid the fines if Kaplan ever did rule.
VRNG took the best out. The fools are this board and the guys who drempt of Billion dollar payouts and millions in royalties. Thats not how tihs business works. JMHO
Blah.
VRNG won't be purchasing stock or doing a joint statement. IMHO
I sent this 12/8 - no response
On behalf of many of your shareholders, I ask that you provide some information regarding yesterdays settlement.
The lump sum is clear, what is not clear is whether there is some royalties along with the lump sum. Are there royalties or not? I would encourage your team to clarify this and not drag shareholders to later next year to find out.
Thank you for your time.
You are missing the fact that VRNG was desperate for cash and desperate for a settlement.
Love this
"The main issue we have with Vringo's management is related to their continued use of dilution for financing and acquisition purposes, and their lack of proper disclosure. We underlined the missing pieces related to the IDG acquisition, and we have a similar feeling about Vringo's new litigation fronts (lack of cost/benefit analysis)."
This author sums it up well.
We should have done more Homework and we could have known the settlement would be peanuts. Instead we pumped this to $200M- $1B in settlement estimates.
"We were not completely surprised by the outcome, as the "climate" in court for "patent trolls" has changed in the last few years and several other players struggle to monetize their IP by litigation only. Given this new scenario, settlements have also become "disappointing" in nature for IP holders"
Doubt it. IPHAWK and another author said the settlement amount was on par.
Nice summary. And that is clearly what these guys running the company should be doing. Will they?
Anything is possible I guess. But that info could be made public and would have been imho. A deal such as that would not effect negotiations and FRANDs for other lawsuits.
Class action suit doesn't matter. They have an insurance policy for this and you will get a penny for each share you own.